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Old 04-03-2019, 05:47 PM #1
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Default How Amazon Paid $0 Federal Income Tax in 2018

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Old 04-03-2019, 06:23 PM #2
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Lol boy them republicans know all the ends and outs of avoiding tax season.off shore accounts made up charity programs stocks and much more other loop holes they don't tell you about lol.
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Old 04-03-2019, 06:30 PM #3
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Originally Posted by giant_king View Post
Lol boy them republicans know all the ends and outs of avoiding tax season.off shore accounts made up charity programs stocks and much more other loop holes they don't tell you about lol.
Please don't turn this into an R vs D superfan argument.

The fact is the tax laws on our books were written, passed by, and signed into law by members of both parties.

To solely blame one party for any problems in our tax laws shows one is cheerleading, and thus not looking at the problem in an intellectually honest way.
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Old 04-03-2019, 06:44 PM #4
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Amazon isn't doing anything wrong, its just taking advantage of our tax laws. It gets away from paying federal taxes by reinvesting all of their profits back into the company, the video explains as much.

Amazon also is the second largest job provider in the USA, and is a company that pays solid wages to its workers, 600K+ of wages that do get taxed.
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Old 04-03-2019, 07:29 PM #5
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I don't think they're the only one either.
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Old 04-03-2019, 07:40 PM #6
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Trump himself admits he took advantage of the existing tax laws just like every other wealthy person in the country. Too bad NYC missed out on Amazon, they would have made billions in tax revenue from both state and city taxes over the long run.
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Old 04-03-2019, 08:07 PM #7
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It would be nice if loopholes and laws that permit a company the size of Amazon to avoid paying certain taxes be closed and changed. This only makes regular working people have to contribute more.
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Old 04-03-2019, 08:35 PM #8
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It would be nice if loopholes and laws that permit a company the size of Amazon to avoid paying certain taxes be closed and changed. This only makes regular working people have to contribute more.
Middle class barely pays their fair share. Maybe slightly less than their fair share.

Below them definitely does not pay their fair share.

Vast share of taxes are paid by the rich ppl.
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Old 04-03-2019, 08:42 PM #9
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The top 20% of the ppl in this country pay 87% of taxes.

87%.

The super rich top 1% pay almost half.

43%.


Spare me the regular working ppl paying more taxes bs.
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Old 04-03-2019, 08:44 PM #10
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The biggest loophole when it comes to them avoiding paying taxes is reinvesting money that is profit back into the company. It's been available for a while and the big businesses all take advantage of it. In a way its necessary to incentivize our companies not to only stay home and not relocate somewhere else in the world but to also stay competitive.

Picture you own a construction company, your company makes X amount of dollars out of which you pay your 10 employees and yourself. After you pay everyone including yourself you still have money left over in your business account. Instead of letting that money sit there and get taxed at the end of the year, you use it to reinvest by say buying another truck or hiring another person. When tax season rolls around you can show that you put every penny back into the business and have no liquid therefore avoiding paying taxes.
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