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re: Amazon Pays No Federal Taxes for Second Year Straight
Posted on 2/15/19 at 4:50 pm to nematocyte
Posted on 2/15/19 at 4:50 pm to nematocyte
quote:
They probably have NOL Carryforwards from years of losses building a great company. They will use these up and then begin paying taxes once they are truly making a profit.
Liberals think that if you start a business and lose money for 5 years, that but somehow, in the 6th, you earn 400K, that you should be treated exactly the same tax wise as the guy who earned 400K the last 5 years.
1
Posted on 2/15/19 at 9:48 pm to ShortyRob
Most of them don't even know the difference between revenue and profit. But, hey, they have PhD in Sub-Saharan lesbian dance theory! They must be smart!
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