Posted on 02/27/2018 5:18:45 AM PST by E. Pluribus Unum
[FULL TITLE] Amazon Made $5.6 Billion in Profits Last Year and Reportedly Paid Zero American Dollars in Federal Taxes
Jeff Bezos is the richest person in the world, with a personal net worth of $108 billion. In 2017, Bezos’ company, the internet retail giant Amazon, reportedly took in $5.6 billion in U.S. profits.
So, how much did Amazon pay in income tax on that bounty? Hang on, we’re getting some news...what? What’s this? Amazon effectively paid zero dollars in federal income taxes in 2017? Oh.
Amazon is projecting a $789 million windfall from Republicans’ tax bill, according to the Institute on Taxation and Economic Policy, which may have factored into its reason for witholding taxes this year. Bezos—like many other nominally liberal capitalists—claims to disagree with Donald Trump’s policies, while quietly lapping up the Republicans’ regressive tax breaks.
You may be asking: How is this legal? Isn’t Amazon an American company? Aren’t companies required to pay federal income tax? Hello?
Amazon’s global headquarters is not in Seattle, but in the tiny landlocked nation of Luxembourg (Amazon employs more than 40,000 people in Seattle, compared to 1,500 people in Luxembourg.). The European Union has accused Luxembourg of giving illegal tax breaks to Amazon and has ordered the country to recover $295 million in back taxes from Amazon.
(Excerpt) Read more at splinternews.com ...
Corporations--essentially--NEVER pay taxes.
They ALWAYS pass the tax fees on to their customers. That includes POOR customers. Essentially--corporate taxes ultimately force the poor to pay MORE taxes as customers.
imho, it makes more sense to have a graduated personal income tax--particularly of big earning corporate CEO's etc. than any corporate whatsoever.
What does that mean? Also, who's responsible for driving Amazon out of the US, if it wasn't the f'ing idiots who wrote the tax code? Companies respond to tax differentials. Why don't ships register in the US? Why are so many US corporations registered in Delaware? Also, why aren't they asking what Amazon is doing with those profits? Would you feel better seeing your politician giving away a billion dollars worth of free cell phones to deadbeats, or Amazon building new distribution facilities across the US employing thousands of workers? People need to think before they bitch.
You and Karl Marx are on the same page.
Plank #2 of the Communist Manifesto: A highly graduated income tax.
http://laissez-fairerepublic.com/tenplanks.html
If we are truly equal under the law, we would all pay the same rate. You do understand that somebody who earns twice as much money pays twice as much taxes that way? And you think that's unfair?
I remember reading an article very similar to this one about 8 or 9 years ago that involved a Blue Chip.
Individuals pay taxes. Corporate taxes are because the State is greedy, and knows the folks won’t give a damn.
I think a graduated income tax is more Christian than communist.
Would I rather that the Christians keep all their money and devote voluntarily to Christian charity? Of course.
Are you aware of how small a percentage of Christians follow the Biblical exhortations about paying tithes and offerings?
If the Christians are not going to act like Christians, the government is all that's left to help take care of the poor etc.
Are you really saying that Bill Gates should not pay a higher percentage in taxes than a struggling middle income small business owner?
I just don't believe that's sufficient for the super rich.
You’re awful free with other people’s money, pard.
Tax loopholes that need correcting.
So you agree with Karl Marx and don’t believe in equal protection under the law for “the rich,” AKA anybody with more than you.
You don’t believe in equal protection under the law for people who earn more than you.
“If the Christians are not going to act like Christians, the government is all that’s left to help take care of the poor etc.”
You might have cause and effect mixed up there. Which came first, the reduction of tithing or the expansion in government transfer programs? It is quite possible that the expansion came first, and that Christians reduced their tithing afterwards in response.
I do make an exception for those who's wealth is say in the "4th-5th deviation" from the mean.
At SOME point, obscene wealth is ... just obscene.
Either take my words at face value and deal with them logically or go suck rocks or chase ducks.
What you claimed I said is not what I said.
Percentages of faithful tithers etc. have varied ... however, imho, they have always been less than 51% except where the state forced it under penalty.
What part of agreeing with Karl Marx is confusing for you?
I make an exception for the hyper-rich and their extremely high, obscene levels of wealth.
do you not understand?
And? A lot of corporations didn't pay income taxes last year or in earlier years - PepsiCo, Priceline.com, a boatload of energy companies. Now thanks to the tax cuts they'll pay even less.
Graduated tax is not “more Christian” -
Lie of the left... who squeal about fairness - flat rated or, how about abolish income tax all together !!! - plundering the populace and redistributing is not what the Constitution endorsed. In God we trust - not Uncle Sam’s business
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