Amazon also paid no federal taxes, despite record earnings.
"Amazon made $16.8 billion in profits over the past two years but have paid ZERO in federal income taxes. In fact it got a $269 million tax refund.
Our job: Demand large corporations pay their fair share in taxes so that we can rebuild the disappearing middle class." -B Sanders- Feb 13, 2019
Amazon paid no federal taxes for the second year in a row
It’s not the first time that Amazon has drawn scrutiny for its tax practices. Last year, the company drew in more than $5.6 billion in profits, but paid no federal income taxes. At the time, the company said it was largely attributable to “excess stock-based compensation deductions” and the effect of the 2017 Tax Cuts and Jobs Act. -snip
Yay for Trump Tax!
Originally posted by Robtard
Amazon also paid no federal taxes, despite record earnings."Amazon made $16.8 billion in profits over the past two years but have paid ZERO in federal income taxes. In fact it got a $269 million tax refund.
Our job: Demand large corporations pay their fair share in taxes so that we can rebuild the disappearing middle class." -B Sanders- Feb 13, 2019
Amazon paid no federal taxes for the second year in a row
It’s not the first time that Amazon has drawn scrutiny for its tax practices. Last year, the company drew in more than $5.6 billion in profits, but paid no federal income taxes. At the time, the company said it was largely attributable to “excess stock-based compensation deductions” and the effect of the 2017 Tax Cuts and Jobs Act. -snipYay for Trump Tax!
Originally posted by dadudemon
Probably. But under the Fair Tax Plan, corporate and personal income tax goes away.
I'm curious...people always talk about the rich getting tax breaks, but surely they all don't get them. Who pays a majority of taxes? Isn't it the wealthy? They still contribute the most I'd guess.
This doesn't mean corporations with a lot of power like Amazon aren't disturbing, but people act like every single wealthy person in the country isn't paying a dime in taxes.
Originally posted by Robtard
Amazon also paid no federal taxes, despite record earnings."Amazon made $16.8 billion in profits over the past two years but have paid ZERO in federal income taxes. In fact it got a $269 million tax refund.
Our job: Demand large corporations pay their fair share in taxes so that we can rebuild the disappearing middle class." -B Sanders- Feb 13, 2019
Amazon paid no federal taxes for the second year in a row
It’s not the first time that Amazon has drawn scrutiny for its tax practices. Last year, the company drew in more than $5.6 billion in profits, but paid no federal income taxes. At the time, the company said it was largely attributable to “excess stock-based compensation deductions” and the effect of the 2017 Tax Cuts and Jobs Act. -snipYay for Trump Tax!
Let’s ignore how amazon treats its employees.
Originally posted by Surtur
I'm curious...people always talk about the rich getting tax breaks, but surely they all don't get them. Who pays a majority of taxes? Isn't it the wealthy? They still contribute the most I'd guess.
The people who pay the largest share of their income in taxes are people like Whirly and I. We make enough money to get taxed a lot. But not enough money to acquire massive tax saving things such as boats and multiple rental properties.
But the people who pay the majority of taxes are still the top 10%.
Originally posted by Surtur
This doesn't mean corporations with a lot of power like Amazon aren't disturbing, but people act like every single wealthy person in the country isn't paying a dime in taxes.
Corporate taxes to the Fed.Gov.? How much did Amazon pay? If it was 0, then, no, they didn't pay. Perhaps the individual execs at Amazon paid taxes, but if they had 0 corp taxes, no, they didn't pay them.
This is why people are advocating for the Fair Tax system. Companies still pay. They can't use deductions to cheat the system. They also talked about people bring in their secret savings from outside the US.
Originally posted by dadudemon
The people who pay the largest share of their income in taxes are people like Whirly and I. We make enough money to get taxed a lot. But not enough money to acquire massive tax saving things such as boats and multiple rental properties.But the people who pay the majority of taxes are still the top 10%.
Corporate taxes to the Fed.Gov.? How much did Amazon pay? If it was 0, then, no, they didn't pay. Perhaps the individual execs at Amazon paid taxes, but if they had 0 corp taxes, no, they didn't pay them.
This is why people are advocating for the Fair Tax system. Companies still pay. They can't use deductions to cheat the system. They also talked about people bring in their secret savings from outside the US.
So would you consider yourself middle class? Or in that weird area where you're not middle class, but not exactly rich either? Upper class, I guess lol.
Originally posted by Surtur
So would you consider yourself middle class? Or in that weird area where you're not middle class, but not exactly rich either? Upper class, I guess lol.
Upper middle class.
I pay significantly more in federal taxes each year than the lowest quintile of household income.
If I was allowed to keep even half of that, I would call myself "rich."
Originally posted by Robtard
By allowing them to not only not pay taxes, but get a bonus, you're doing exactly that. Why should they change when they're being rewarded for their shitty behavior as is.
If Bezos is a progressive why doesn’t he morally have the values to treat his people right? Why is Trumls fault that Bezos is morally bankrupt