wingslevel - 1:44 am on Jan 10, 2011 (gmt 0)

The irony of the whole thing is that the state legislatures will look at amazon sales - lets guess $1 billion in Illinois - and assume they'll be able to extort their 6% of that, or $60 million - problem is that is a static model and you can't use static models for forecasting because taxes cause people and businesses to change their behavior, which requires dynamic modeling - even i learned that in econ - so, like they have already promised, amazon will terminate their associates in IL and the state will see a goose egg for revenue - worse, the poor associates, won't be able to replace all of their revenue and so they will have less income and then pay less income tax to the state - so, in the end, illinois ends up with less revenue than before - what complete and utter morons...