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re: How does Amazon keep getting away with it?
Posted on 2/13/19 at 3:13 pm to Seldom Seen
Posted on 2/13/19 at 3:13 pm to Seldom Seen
Funny how Amazon and Apple get free passes from the left on their billions in profits and tax strategy/evasion.
You would think if they were serious about their incessant whining over corporations and billionaires they would say something.
You would think if they were serious about their incessant whining over corporations and billionaires they would say something.
1
Posted on 2/13/19 at 3:14 pm to IllegalPete
It's ok for those companies since they Think Correctly.
Posted on 2/13/19 at 3:14 pm to TBoy
quote:
Trump doesn't pay income tax either. How does he get away with it?
And it’s one of the reasons you seethe at the notion everyday that he is your president. And is also why Maxine and crew want his tax returns.
But how great is Amazon? Amirite?
You don’t get the premise of these posts.... but they are making fun of you lefties that continue on with this bullshite but clam up when it is on the other side.
And, on record, I agree with Amazon’s position if it is legitimately following the tax law.
Posted on 2/13/19 at 3:15 pm to Pelican fan99
Bezos has to pay his women first before profit.
Posted on 2/13/19 at 3:21 pm to Antonio Moss
quote:I'm not.
Am I supposed to be mad that Amazon is complying with tax law?
Liberals like to get mad about that stuff though. Whaddyagonnado?
Posted on 2/13/19 at 3:36 pm to Seldom Seen
quote:LOL
How does Amazon keep getting away with it?
Posted on 2/13/19 at 3:49 pm to Seldom Seen
quote:
doubled its profits and made more than $11 billion in 2018
quote:
won't pay any federal income taxes
Posted on 2/13/19 at 3:53 pm to PickupAutist
quote:
The left is obsessed with identity politics, and the right with fetishizing big business. Whoever reforms first will win.
God damn that’s so true
Posted on 2/13/19 at 3:55 pm to TeLeFaWx
quote:
Capex I suppose. They take a long term approach to infrastructure and building out stuff. Their accountants must know depreciation better than anyone.
I think it’s bull shite that Amazon gets huge tax breaks that other corporations don’t get, it distorts the market. Sort of like China. When you bring them to heel it works out well for everyone.
Guessing they still have a lot of carryforward.
Posted on 2/13/19 at 3:59 pm to ShortyRob
quote:
We could do the sensible thing and eliminate corporate taxes.
This x 1000
Posted on 2/13/19 at 4:02 pm to Seldom Seen
They lost money for years while making sure mom and pops went out of business. They probably have NOLs / Deferred Tax Assets to use against current income.
Now that all the retail/brick & mortars are out of business they can charge more, provide crappier service and make a profit.
Now that all the retail/brick & mortars are out of business they can charge more, provide crappier service and make a profit.
Posted on 2/13/19 at 4:02 pm to Pelican fan99
quote:
Well done amazon
I don’t know why people are hating. I’m applauding them. I applaud anybody that avoids paying taxes and want to be like them when I grow up.
And it’s not like they didn’t pay taxes on their payroll I assume?
Posted on 2/13/19 at 4:04 pm to Seldom Seen
They're a modern definition of a monopoly. They control, or at least strongly influence, prices and markets on a huge array of consumer goods and soon, services beyond prime TV.
And monopolies gonna monopoly, as far as paying taxes.
And monopolies gonna monopoly, as far as paying taxes.
This post was edited on 2/13/19 at 4:06 pm
Posted on 2/13/19 at 4:07 pm to Seldom Seen
I'm sure Amazon's 550,000 employees contribute greatly to the coffers of our government
Posted on 2/13/19 at 4:16 pm to Seldom Seen
quote:
I don't give a shite as long as paying no taxes keeps my Prime rate down.
Posted on 2/13/19 at 4:20 pm to Vecchio Cane
quote:
I'm sure Amazon's 550,000 employees contribute greatly to the coffers of our government
Based on what they get paid? Don’t count on it.
Posted on 2/13/19 at 4:56 pm to Seldom Seen
Good.
Corporate tax rate should be zero.
Corporate tax rate should be zero.
Posted on 2/13/19 at 5:31 pm to Seldom Seen
How do they avoid paying any taxes on 11 billion?
I’m not one for raising taxes but that’s bullshite. Whatever loophole allows this needs to be done away with
I’m not one for raising taxes but that’s bullshite. Whatever loophole allows this needs to be done away with
Posted on 2/13/19 at 5:34 pm to ShortyRob
Amazon good
Orange man bad
Orange man bad
Posted on 2/13/19 at 11:58 pm to NIH
A large part of the reason is the way the IRS handles stock options being exercised. The difference between put and exercise price can be written off against tax liability by the corporation. It makes sense, the individual will then have to claim that difference as income and be taxed on it. (By the way this was put into effect in the Clinton admin).
So Amazon may have benefited from it, but the IRS ultimately gets the tax dollars....the devil always gets his due.
So Amazon may have benefited from it, but the IRS ultimately gets the tax dollars....the devil always gets his due.
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