Americans Spend $9.4B on Cyber Monday

Americans spent a record $9.4 billion on Cyber Monday — nearly 20% more than last year’s $7.9 billion. This will boost states’ online sales tax collections in the first full year since the U.S. Supreme Court’s South Dakota v. Wayfair Inc. decision. But according to The Pew Charitable Trusts, analysts say state coffers may not get a gigantic boost since many major online retailers had already been collecting and remitting sales taxes before the SCOTUS ruling. 12/4/2019