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Message

re: Don't look now, MAGA has Amazon, Bezos in his cross hairs.

Posted on 3/28/18 at 10:31 am to
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 3/28/18 at 10:31 am to
quote:

Amazon made $5.4B in profit last year and paid ZERO in federal income tax.I'm not anti Amazon, but god damned that aint right.


You could make this same statement about a number of companies.

Posted by IrishTiger89
Member since May 2017
1492 posts
Posted on 3/28/18 at 10:31 am to
Yet Amazon only controls like 10% of the whole retail market in the United States. Walmart alone has like 3x the revenue of Amazon and has a much smaller global footprint.
This post was edited on 3/28/18 at 10:34 am
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8641 posts
Posted on 3/28/18 at 10:31 am to
quote:

Amazon made $5.4B in profit last year and paid ZERO in federal income tax.I'm not anti Amazon, but god damned that aint right. What good is a tax system if the highest earners can just find loopholes so that they end up paying nothing?

However, it is also true that Trump himself (and plenty of prominent Democrats by the way) used the exact same tax loophole to carry over losses from previous years to offset their taxes. I see the value of the deduction, but it should only be valid for so many years.


Man, Amazon carried losses for so many years that I just can't get on board with that thinking for them. Wasn't 2016 the first year they actually turned a profit?

The deduction is a hell of a way to encourage investment and growth, and Amazon is a prime example of it.
Posted by HeyHeyHogsAllTheWay
Member since Feb 2017
12458 posts
Posted on 3/28/18 at 10:33 am to
quote:

That and the post office canard, which I expect he learned where he gets a lot of his misinformation, Fox and Friends.


Which canard is that, or did you just want to gripe about Fox?
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 3/28/18 at 10:36 am to
quote:

Which canard is that


The one mentioned in the article, the one the OP quoted, non-reader.

quote:

or did you just want to gripe about Fox?


Just googled it. It appears I was right that he got his Fake News from Fox and Friends.
This post was edited on 3/28/18 at 10:38 am
Posted by SirWinston
Say NO to War
Member since Jul 2014
104464 posts
Posted on 3/28/18 at 10:37 am to
quote:

CorporateTiger



Go be a cuck somewhere else - this board is MAGA
Posted by IrishTiger89
Member since May 2017
1492 posts
Posted on 3/28/18 at 10:37 am to
quote:

You could make this same statement about a number of companies.

Shoot that is a major piece of the whole business model for private equity firms.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97978 posts
Posted on 3/28/18 at 10:38 am to
Amazon wants to be a Mortgage Bank. Time to slow their roll
Posted by IrishTiger89
Member since May 2017
1492 posts
Posted on 3/28/18 at 10:40 am to
quote:

Amazon wants to be a Mortgage Bank. Time to slow their roll

If it benefits consumers, why?
Posted by NIH
Member since Aug 2008
122802 posts
Posted on 3/28/18 at 10:41 am to
When did Republicans start cheering on the President going after big business?
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 3/28/18 at 10:42 am to
Why does Amazon get special tax breaks?

Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8641 posts
Posted on 3/28/18 at 10:43 am to
quote:

Why does Amazon get special tax breaks?


What are they getting that no one else is?
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 3/28/18 at 10:43 am to
Now that Rex is out, maybe Trump will also go after Exxon for paying no taxes last year.
Posted by Dignan
Member since Sep 2005
13265 posts
Posted on 3/28/18 at 10:43 am to
Alexa, Please impeach Donald Trump.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97978 posts
Posted on 3/28/18 at 10:46 am to
You want Amazon owning all the properties in the US? Talk about a monopoly
Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 3/28/18 at 10:46 am to
quote:

Why does Amazon get special tax breaks?
They are?
Posted by The Pirate King
Pangu
Member since May 2014
68396 posts
Posted on 3/28/18 at 10:48 am to
quote:

Trump better not frick with my Amazon


I’m a heavy Amazon user, but apparently they’ve been getting a cheap/free ride at the expense of taxpayers via USPS.

Prime members are still paying for shipping, just with tax dollars as opposed to paying amazon directly.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 3/28/18 at 10:49 am to
quote:

apparently they’ve been getting a cheap/free ride at the expense of taxpayers via USPS.


Have any support for that?
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
20071 posts
Posted on 3/28/18 at 10:51 am to
quote:

You could make this same statement about a number of companies.


Yep. Companies have been avoiding taxes for years.
Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 3/28/18 at 10:51 am to
quote:

Have any support for that?
It will be an op-ed from a FedEx hedge funder
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