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Post by tommygirl on Feb 16, 2019 20:08:33 GMT
Amazon pays no federal taxes for 2018? This makes me want to do less Amazon shopping! USA Today article |
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Post by iamkristinl16 on Feb 16, 2019 20:13:14 GMT
It it very frustrating, but I have more concern with the tax laws that allow this than the companies that profit from it.
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Post by ntsf on Feb 16, 2019 20:13:25 GMT
everyone in the usa tries to minimize their taxes. time to change the system that allows large companies and rich people to do this.. take away the loopholes, etc.
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julie5
Pearl Clutcher
Posts: 3,611 
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Post by julie5 on Feb 16, 2019 20:37:09 GMT
Walmart gets huge tax breaks too. It’s why everyone always say shop small and local. We small business owners don’t get those tax breaks.
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Post by revirdsuba99 on Feb 16, 2019 20:49:12 GMT
TRUMP pays little to no tax, he has bragged about it and somewhere someone showed his return! (not a recent one)
Before any should condemn Amazon or other large corporations, check the whole list.
Warren Buffet has talked about it often!
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Post by librarylady on Feb 16, 2019 20:59:35 GMT
Many large companies pay very little in federal taxes, if any at all. There are all kinds of incentives that keep the fat cats happy. I had a friend who had a couple of small businesses and some rent houses and he often said he didn't have to pay any because of the laws.
Because of those laws it makes me very angry when a city will say to a company, "Put your HQ here and we will excuse any taxes for xxx years." IMO they have enough incentives without tax breaks for just moving a location.
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Post by papersilly on Feb 16, 2019 21:04:07 GMT
i would have more of a problem with this if 1) i didn't enjoy shopping Amazon so much and 2) i didn't own stock in the company.
more corporations than we can count get tax incentives and make use of the current tax laws. it's just the course of doing business.
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Post by crazy4scraps on Feb 16, 2019 21:36:50 GMT
TRUMP pays little to no tax, he has bragged about it and somewhere someone showed his return! (not a recent one) Before any should condemn Amazon or other large corporations, check the whole list. Warren Buffet has talked about it often! Bill and Melinda Gates were just talking about it too on The Late Show about a week ago. They both said that as very rich people they ought to be taxed way more than they currently are. If the laws exist that allow these giant corporations to get off with paying little to no taxes, then that’s on the government and not on the businesses. The primary obligation of business is to make money for their shareholders not the IRS, so of course they are going to exploit whatever legal options they have available to maximize profits. It’s up to us to get noisy with our representatives and senators to get these laws changed, and if they don’t do it then it’s time to change who represents us. |
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snyder
Pearl Clutcher
Posts: 4,285
Location: Colorado
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Post by snyder on Feb 16, 2019 21:45:36 GMT
I would love to see us go to a flat tax. Everyone pay their share by a determined percent. Could start right above the poverty level, but if you make $10k or $1 billion, one would pay a flat tax of x percent. No loopholes, just paying your fair share compared to any and all income levels.
Trump was already on a triad about what they pay in shipping costs. I can see his rants now.
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trollie
Pearl Clutcher
Posts: 3,580
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Post by trollie on Feb 16, 2019 21:52:12 GMT
TRUMP pays little to no tax, he has bragged about it and somewhere someone showed his return! (not a recent one) Before any should condemn Amazon or other large corporations, check the whole list. Warren Buffet has talked about it often! Bill and Melinda Gates were just talking about it too on The Late Show about a week ago. They both said that as very rich people they ought to be taxed way more than they currently are. If the laws exist that allow these giant corporations to get off with paying little to no taxes, then that’s on the government and not on the businesses. The primary obligation of business is to make money for their shareholders not the IRS, so of course they are going to exploit whatever legal options they have available to maximize profits. It’s up to us to get noisy with our representatives and senators to get these laws changed, and if they don’t do it then it’s time to change who represents us. A-FEAKING-MEN! Wake up little people. The system is rigged, just like the Donald said. (And no matter what he claims, (other politicians included) he does not want to help you.) It is rigged in favor of the ultra wealthy and the corporations, who by the way don't want you to pay attention, and certainly don't want you to be political. Wake up, don't shut up, and show up on election day. |
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Post by busy on Feb 16, 2019 22:08:25 GMT
I would love to see us go to a flat tax. Everyone pay their share by a determined percent. Could start right above the poverty level, but if you make $10k or $1 billion, one would pay a flat tax of x percent. No loopholes, just paying your fair share compared to any and all income levels.
Trump was already on a triad about what they pay in shipping costs. I can see his rants now.
I get the appeal of a flat tax but it’s so skewed against those making lower incomes. Let’s say the flat tax is 10%. If you made $25,000, that 10% is going to HURT. But if you made $1 million, you’re probably not going to feel the pinch of having “only” $900k left after taxes. A flat tax sounds fair but is actually not very equitable. |
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Post by mom on Feb 16, 2019 22:17:39 GMT
TRUMP pays little to no tax, he has bragged about it and somewhere someone showed his return! (not a recent one) Before any should condemn Amazon or other large corporations, check the whole list. Warren Buffet has talked about it often! Bill and Melinda Gates were just talking about it too on The Late Show about a week ago. They both said that as very rich people they ought to be taxed way more than they currently are. If the laws exist that allow these giant corporations to get off with paying little to no taxes, then that’s on the government and not on the businesses. The primary obligation of business is to make money for their shareholders not the IRS, so of course they are going to exploit whatever legal options they have available to maximize profits. It’s up to us to get noisy with our representatives and senators to get these laws changed, and if they don’t do it then it’s time to change who represents us.YES!! I do not blame a company for doing everything they legally can to reduce their tax burden. I do it with my taxes (both personal and for my business). Why shouldn't they be able to? Now, if we want to change the the tax rules, then that is on us to get involved and make our voice heard. |
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Post by Really Red on Feb 16, 2019 22:39:39 GMT
I am not a proponent of a flat tax rate as it simply is not fair.
Amazon is absolutely not to blame, as others say, it's the current laws. They are ridiculously skewed in favor of big business and giant corporations. I just read about what GE is doing and it makes me sick. They get all the benefits and do not give back at all.
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Post by flanz on Feb 16, 2019 23:03:04 GMT
Walmart gets huge tax breaks too. It’s why everyone always say shop small and local. We small business owners don’t get those tax breaks. I try to do this whenever I can, but it's not often enough. So many of the independent stores have closed...  I hate Walmart with a passion. And Amazon... sooo much waste in packaging, fuels to transport items etc... not a huge fan of theirs either but I do use them more than I'd like. I think our tax laws are beyond ridiculous! I think I read yesterday something like Jeff Bezos had $21 million in tax loopholes and didn't pay a penny in taxes last year. |
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snyder
Pearl Clutcher
Posts: 4,285
Location: Colorado
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Post by snyder on Feb 16, 2019 23:06:16 GMT
I would love to see us go to a flat tax. Everyone pay their share by a determined percent. Could start right above the poverty level, but if you make $10k or $1 billion, one would pay a flat tax of x percent. No loopholes, just paying your fair share compared to any and all income levels.
Trump was already on a triad about what they pay in shipping costs. I can see his rants now.
I get the appeal of a flat tax but it’s so skewed against those making lower incomes. Let’s say the flat tax is 10%. If you made $25,000, that 10% is going to HURT. But if you made $1 million, you’re probably not going to feel the pinch of having “only” $900k left after taxes. A flat tax sounds fair but is actually not very equitable. That's why I mentioned to maybe start the tax above poverty level. A lot would have to be looked at to make it work. Or maybe have credits for the lower income as we have not like child credit, earned income credit etc. |
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TheOtherMeg
Pearl Clutcher
Posts: 2,541
Jun 25, 2014 20:58:14 GMT
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Post by TheOtherMeg on Feb 16, 2019 23:10:15 GMT
If the laws exist that allow these giant corporations to get off with paying little to no taxes, then that’s on the government and not on the businesses. The primary obligation of business is to make money for their shareholders not the IRS, so of course they are going to exploit whatever legal options they have available to maximize profits. It’s up to us to get noisy with our representatives and senators to get these laws changed, and if they don’t do it then it’s time to change who represents us.  |
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