Your "Campaign" Contributions to ME and your Democrat Masters are insufficient. Lots More, quickly or it's Tax Prison for you.
amazon will just do for biden what they did for the obamas - pimp out their book, claim repeatedly that it’s a best seller and give them $100’s of millions of dollars for it.
This is how corruption works.
I’m no tax expert, so am just an ordinary citizen.
But, assuming Amazon legally reports income and expenses, what exactly is the complaint?
I’m sure Amazon tax returns show items such as depreciation, amortization, and loss carry forward from prior years. All of these are legal tax deductions.
And the laws were passed by members of Congress such as Joe Biden over the years.
47 years as a Senator and Vice President and did nothing to close the loopholes. Just sent Americans off to die in foreign lands, locked up lots of African Americans with absurdly long sentences, bailed out banks and got his family untold riches.
There will always be loopholes, transfer pricing, debt obligation deductions etc. And in a competitive market Amazon would work very hard to keep its profits near zero anyway, in order to grow operations, make capital investments and keep retail prices low for its customers. It’s not like it matters to Bezos. He makes his money by selling shares in Amazon not based on whether Amazon has a profitable year.
Amazon is collapsing as we sit here. All the tech savvy algorithms in the world can't pick, pack, sort, and ship goods successfully. They have failed miserably at it. Somewhere about a 30% error rate as of last month.
“Feed Me, Jeffery! Feed Me.”
Unless they change the rules for depreciation and amortization...Amazon will not pay taxes for the foreseeble future.
You know all of those Amazon trucks rolling around; those new warehouses; and all of the capital investment....the depreciation on those assets (and all of the ones from the previous years) are taken as expenses.
I know its “cool” now to hate rich people. And they point at Musk and Bezos as “not paying taxes” as something bad.
So, Biden is either a liar—because he knows how the tax system works, or he is a real idiot. We know that the Dems think “WE” are idiots. And if people believe them, they are.
Kinda makes you want to take back your donations to joe biden and the democratic party, right Bezos?
Even billionaires dont learn.
joe...Amazon loves you! Amazon willingly ditches books that you wouldn’t like! Amazon, under the direction of a rich monomaniac who has delusions of changing the world, would willingly give away half its riches to benefit you!
And you want to tax them? Don’t you know? the democrat party has benefited big time from Amazon’s riches!
Well, they should have paid federal taxes during his address, then.
I’d like them to pay a proper postal rate. then maybe competition based on cost could come back.
Hunter Biden did not declare his foreign income. The income is hidden on the balance sheets of multiple corporate entities that reside off shore.
Amazon has losses that are charged off against current profits. The loss Carry forward is good for 15 years
Everybody should have a little corporation
Funny, Biden’s comments come directly on the heels of the Washington Post being critical of him......
R&D tax credit could save them 100s of millions I imagine.
Tax code has winners and losers. Always has and always will.
The tax money paid by all 575k+ of Amazon’s employees comes from Amazon
funny how they always forget that
I guess poor old Slow Joe just didn’t have enough time to do anything about the tax laws and COMPLETELY LEGAL “loopholes” during his 47 years in Congress and VP.
I HATE that pejorative “loopholes.” Companies have a fiduciary responsibility to shareholders to maximize profits which means minimizing expenses. The single biggest cost to most businesses is TAXES.
This cracks me up. Bezos, Zuckerberg, et al get him elected and he turns on them a few months later. Leftists eating fellow leftists for lunch.
The groveling that Amazon, Facebook, Instagram, Google and Twitter do to the Left will not save them - they are despised by the Left as well as the Right.