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Started By
Message
re: Amazon Pays No Federal Taxes for Second Year Straight
Posted on 2/15/19 at 9:55 pm to Barstools
Posted on 2/15/19 at 9:55 pm to Barstools
Maybe we can just ask Ebb to start a thread every day. Each one on a new subject which he knows nothing about.
He certainly seems to enjoy having strong opinions about subjects completely foreign to him.
And THEN, laugh of laughs, he expects YOU to tell him why he's wrong which, of course, would be like a brain surgeon trying to explain my incorrect assessment of brain surgery.
Ebb seems to lack the realization that in order to understand an explanation in a given subject area, you first have to understand the basic fricking information in that given area. Otherwise, you're just me listening to the brain surgeon...………...which ain't pretty.
He certainly seems to enjoy having strong opinions about subjects completely foreign to him.
And THEN, laugh of laughs, he expects YOU to tell him why he's wrong which, of course, would be like a brain surgeon trying to explain my incorrect assessment of brain surgery.
Ebb seems to lack the realization that in order to understand an explanation in a given subject area, you first have to understand the basic fricking information in that given area. Otherwise, you're just me listening to the brain surgeon...………...which ain't pretty.
2
Posted on 2/15/19 at 11:43 pm to ShortyRob
quote:
you initially tried to say that they were successful in paying zero taxes because of trump. Now you want to shift but you're just not going to get around your original point stupid frick
The point is that Trump criticizes Amazon for not paying enough taxes yet then turns around and makes it easier for them to avoid paying taxes. It's pretty simple point if you would shut the frick up and quit patting yourself on the back. It's also a point that you haven't addressed at all and one that I was trying to draw out
Here ya go, douchebag:
ITEP
This post was edited on 2/15/19 at 11:53 pm
Posted on 2/15/19 at 11:44 pm to BBONDS25
quote:
you got embarrassed in this thread. Your ignorance knows no bounds, yet you keep coming back for more beat downs. Don’t ever change.
I embarrass you all of the time and you still come back for more. I made my point but you guys try to shift it into being about the fine details of corporate taxes when the overall point was the Trump criticizes Amazon yet makes it easier for them to avoid paying taxes
Posted on 2/15/19 at 11:47 pm to SSpaniel
quote:
What on earth does Trump lowering the corporate tax rate have to do with Trump complaint that Amazon pays little to no state and local taxes? Just curious.
We just made it easier for them to pay less taxes didn't he? I think that's pretty glaringly obvious
Posted on 2/15/19 at 11:55 pm to ShortyRob
quote:
Ebb seems to lack the realization that in order to understand an explanation in a given subject area, you first have to understand the basic fricking information in that given area. Otherwise, you're just me listening to the brain surgeon...………...which ain't pretty.
Yet somehow a basic Point like me showing the president's frustration with Amazon's ability to pay less taxes offering him an easier path to paying less taxes. But keep calling yourself a brain surgeon when you're really just a douchebag you can't argue a basic point
Posted on 2/16/19 at 2:57 am to Ebbandflow
I don't want this to sound like a personal attack, because, it's not. It's an attack on the ignorance. This board has too much of it, and you are clearly just ignorant on this topic.
First, you clearly have absolutely no idea how taxes work and businesses operate based solely on your thread title. Amazon most certainly paid federal taxes this year, last year, and every year of their existence. You may have heard of FICA or FUTA. Both of which are Federal taxes. I just want to make sure you understand income tax isn't the only federal tax. That's important.
Next, you are so blinded by the fact that Big Evil Corporation, Inc. didn't directly pay income tax that you are missing the true reason you should be upset. Amazon's income is most assuredly being taxed.
You see, Amazon is a publicly traded company. That means the shareholders (((share))) the profits earned by the company. This is done in two ways, directly, through dividends paid, and indirectly, by reinvesting profits and creating share value (think earnings per share). Shareholders are taxed on both dividends received and capital gains from the sale of stock.
Our system is so perverted that the average person, yourself included, is so disgusted that this evil corporation isn't paying a THIRD tax on their income. Not only that, they fail to even understand that income doesn't even belong to the corporation. It belongs to the public, the stakeholders. Thus, you are actually mad that Amazon didn't pay more money to the government before giving it to the rightful owners. Who by the way are still being taxed. On the same income.
I'm not trying to attack you personally, so if it came off that way I apologize. I'm drunk and felt the need to share some knowledge.
However, it is important to me that you understand how incredibly dumb your arguement is before you poison someone else's mind.
But hey, frick Amazon for not giving more of their earnings to the federal government to send to a third world shithole instead of the rightful owners.
First, you clearly have absolutely no idea how taxes work and businesses operate based solely on your thread title. Amazon most certainly paid federal taxes this year, last year, and every year of their existence. You may have heard of FICA or FUTA. Both of which are Federal taxes. I just want to make sure you understand income tax isn't the only federal tax. That's important.
Next, you are so blinded by the fact that Big Evil Corporation, Inc. didn't directly pay income tax that you are missing the true reason you should be upset. Amazon's income is most assuredly being taxed.
You see, Amazon is a publicly traded company. That means the shareholders (((share))) the profits earned by the company. This is done in two ways, directly, through dividends paid, and indirectly, by reinvesting profits and creating share value (think earnings per share). Shareholders are taxed on both dividends received and capital gains from the sale of stock.
Our system is so perverted that the average person, yourself included, is so disgusted that this evil corporation isn't paying a THIRD tax on their income. Not only that, they fail to even understand that income doesn't even belong to the corporation. It belongs to the public, the stakeholders. Thus, you are actually mad that Amazon didn't pay more money to the government before giving it to the rightful owners. Who by the way are still being taxed. On the same income.
I'm not trying to attack you personally, so if it came off that way I apologize. I'm drunk and felt the need to share some knowledge.
However, it is important to me that you understand how incredibly dumb your arguement is before you poison someone else's mind.
But hey, frick Amazon for not giving more of their earnings to the federal government to send to a third world shithole instead of the rightful owners.
Posted on 2/16/19 at 5:56 am to Ebbandflow
quote:
The point is that Trump criticizes Amazon for not paying enough taxes yet then turns around and makes it easier for them to avoid paying taxes.
If you are going for Billy Madison status in this thread, play on playa.
Posted on 2/16/19 at 6:57 am to Ebbandflow
quote:
Are we still okay with these kinds of corporate tax cuts?
Yes
Posted on 2/16/19 at 7:37 am to ShortyRob
quote:
Let's not let the morons at ITEP of the hook. They literally complain in this quote that somehow, it's Trump's fault for not repealing OBAMA era tax policy.
Oh c’mon... Obama-era policy?
All you have to do is look at the deferred schedule in the footnote. All of that pre-dates Obama.
This post was edited on 2/16/19 at 7:59 am
Posted on 2/16/19 at 7:39 am to Ebbandflow
quote:
Are we still okay with these kinds of corporate tax cuts?
I'm perfectly fine with any tax cuts. I'm not ok with refundable tax credits.
Posted on 2/16/19 at 7:43 am to Ebbandflow
I just don't see why a company that doesn't pay tax in any given year - even2 consecutive years - deserves to be vilified. Audit them. If they played by the rules, move along.
There are countless legitimate reasons why this can happen.
There are countless legitimate reasons why this can happen.
Posted on 2/16/19 at 7:54 am to Ebbandflow
People like you who look at NOLs as loopholes are...misguided. You know what one of the first tax reliefs was after the recession? An extended carryback period for NOLs. That was by design because policy makers understood the importance of getting cash into the hands of businesses during trying economic times. It was a lifeline for many enterprises.
Once upon a time, loss carryforwards were abused. Profitable entities would buy up losers with loss carryforward assets to offset their own liabilities. Those abuses have largely been curtailed with Section 382 and SRLY rules which restrict utilization of acquired NOLs. What’s left is a pretty fair loss carryforward system that is much like the rest of the world even if a little generous with the carryforward period.
Basically, I’m saying you’re not educated enough on this topic.
Once upon a time, loss carryforwards were abused. Profitable entities would buy up losers with loss carryforward assets to offset their own liabilities. Those abuses have largely been curtailed with Section 382 and SRLY rules which restrict utilization of acquired NOLs. What’s left is a pretty fair loss carryforward system that is much like the rest of the world even if a little generous with the carryforward period.
Basically, I’m saying you’re not educated enough on this topic.
This post was edited on 2/16/19 at 8:00 am
Posted on 2/16/19 at 7:58 am to ShortyRob
quote:
Maybe we can just ask Ebb to start a thread every day.
He constantly starts threads about economics and knows nothing about it.
Posted on 2/16/19 at 8:17 am to Ebbandflow
quote:
I embarrass you all of the time
you have never and will never embarrass anyone on this board but yourself. quote:
I made my point
Which was based upon your total ignorance.
Posted on 2/16/19 at 8:20 am to Ebbandflow
quote:
. It's also a point that you haven't addresse
I don't tend to let people try to change the subject after they've shown their arse and proven they don't actually know anything about the subject
I realize you've tried hard but that doesn't mean I have to cooperate with your attempt and getting off of your dick
Posted on 2/16/19 at 8:21 am to Ebbandflow
quote:
We just made it easier for them to pay less taxes didn't he
Holy fricking shite you still don't understand!
This is goddamned amazing
Posted on 2/16/19 at 8:22 am to Ebbandflow
quote:
But keep calling yourself a brain surgeon when you're really
Compared to you on this subject I am a brain surgeon. That's not nearly as big a pad on my back as it is and knock on yours
Posted on 2/16/19 at 8:22 am to tigerpawl
quote:
I just don't see why a company that doesn't pay tax in any given year - even2 consecutive years - deserves to be vilified. Audit them. If they played by the rules, move along.
I'll vilify the system that allows it to happen so consistently.
Posted on 2/16/19 at 8:23 am to Jorts R Us
quote:
Oh c’mon...
Obama-era policy?
All you have to do is look at the deferred schedule in the footnote. All of that pre-dates Obama
Fair enough but it existed under Obama and yet they want to lay it at Trump's feet
Posted on 2/16/19 at 8:24 am to Jorts R Us
quote:
People like you who look at NOLs as loopholes are...misguided. You know what one of the first tax reliefs was after the recession? An extended carryback period for NOLs
Ebb has literally no fricking idea what you're talkin about
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