Amazon, And 56 0ther Corporations Took Your Tax Dollars

[Marion Morrison]

Man, I can remember all the way back to 2009, when the news came out that GE,- a company run by a bootlicker of Barry Oboingo- paid no taxes.....The collective yawn was ear splitting.

Good times.

I was outraged!

 

[initforme]

I don't mind taxes in general either. It's my patriotic duty.

 

[Remodeling Maidiac]

EVERYONE should have a problem with a tax code that allows this nonsense to occur.....

I have a problem with a federal income tax code existing at all.

View attachment 257100

I don't mind the taxes in general. I do mind how they are used for superfluous bullshit.

Well then you're part of the problem.

We fought a war over this shit more than 200 years ago, now we get "I don't mind the taxes in general."

Fuck my life.

200 years ago we didn't need MASSIVE infrastructure and a large military.
Feel free to join us in 2019

 

[mikegriffith1]

Yep...but dig gone it the guy making 10 bucks per hour, working until exhausted, should pay taxes. Laughable .

Really? The guy making $10 per hour does not employ tens of thousands of people; he doesn't pay hundreds of millions of dollars in state and local taxes; he doesn't pay millions of dollars in payroll taxes for his employees; he doesn't pay millions of dollars to subsidize his employees' health insurance; doesn't invest millions of dollars in R&D; etc., etc. In fact, I bet someone making $10 per hour would be thrilled to get a job with Amazon and to see his hourly rate go up by 50% or more and to have better benefits.

It is just incredible that you guys always seem to want to punish employers while claiming to love employees.

 

[Oddball]

I don't mind taxes in general either. It's my patriotic duty.

Today's big winner (LOSER!).

 

[initforme]

Gotta sling names. Can't just debate.

 

[22lcidw]

That's right. Sixty profitable corporations paid no federal taxes in 2018, twice the number that typically paid nothing in the years before the 2017 tax breaks took effect. In fact, it's worse than that. Fifty-seven of these corporations demanded rebates from the government which means taxpayers like you and me paid them to exist. These are corporations on the dole. They claim to hate socialism if it means Medicare for All, but they sure as hell love socialism when it's welfare for them.

Another ill effect is that government debt balloons. The U.S. Treasury Department reported that the deficit rose $113 billion or 17 percent in the first year of the tax cuts, the largest one-year increase since 2009, which was during the worst of the Great Recession. That black hole is projected to occur every year the tax cuts remain in effect.

Republicans take those deficit figures -- deficits they created by cutting taxes -- and use them to demand offsetting spending cuts that is cuts to Social Security, cuts to Medicare and Medicaid, cuts to food stamps and school lunch programs, cuts to programs that are precious to workers and the poor.

The deficits grow like this: Amazon, the online marketplace, made nearly $11 billion last year and instead of paying the current, low 21-percent corporate tax rate on that income, it demanded that taxpayers give it $129 million. Which they did. It wasn't a rebate since Amazon paid no taxes. It was a big fat, gift withdrawn involuntarily from workers' pockets, wrapped in a fuzzy, flocked Amazon smiley bag, and deposited directly into corporate coffers. This is perverse wealth transfer, from the poor and middle class to the rich and corporations.

Amazon -- and 56 Other Corporations -- Took Your Tax Dollars

Full trickle.

One, tax cuts have never caused deficits. Every major tax cut has been followed by an increase in federal revenue.

Two, Amazon’s low tax bill was partly due to carried-forward losses from years when the company was not profitable and tax credits for massive investments in R&D and stock-based employee compensation.

Three, do you ever stop to consider the hundreds of millions of dollars that Amazon pays in local property taxes, unemployment compensation insurance, state income taxes, city taxes, and its share of its employees' payroll taxes? Or do you just not care?

That didn't happen with this tax cut, revenue actually fell. Did you know that revenues have actually risen with every increase in taxes?

That's not true. Supply siders have long said this but that doesn't make it true. Revenues decreased significantly when Reagan cut taxes. That's why he raised taxes two years later. Bush's tax cuts didn't increase revenue either.

The Legacy of the 2001 and 2003 “Bush” Tax Cuts

There was supposed to be social welfare cuts also. Progs promised.

 

[Harpy Eagle]

If Jeff said" FUCK YOU" and moved to China(as he should) your unemployment would jump grande and UPS/Fedex/USPS would damn near bankrupt. He doesn't have to pay SHIT.
The people that only work.... because he has lotsa work, take care of that ( so IsNtReal can have more aid)

Amazon can't just move to China. The government would not allow them to operate there. The workers aren't educated enough, and there are no protections on the IT or their rights. Amazon is ONLY possible in a country like the USA.

The people who WORK haven't had a raise in 40 years, paying corporations for the privilege of working for them. They use massive amounts of infrastructure and government resources protecting their property and their intellectual property rights. There are huge costs involved in providing these platforms for corporations to have the workers and the protections to thrive and flourish. And you think that multi-billionaire corporations shouldn't have to pay anything for the resources they use.

You ignorance is just simply astounding.

if one has not had a raise in 40 years they are the ignorant ones.

 

[Harpy Eagle]

EVERYONE should have a problem with a tax code that allows this nonsense to occur.....

I have a problem with a federal income tax code existing at all.

View attachment 257100

I don't mind the taxes in general. I do mind how they are used for superfluous bullshit.

Well then you're part of the problem.

We fought a war over this shit more than 200 years ago, now we get "I don't mind the taxes in general."

Fuck my life.

You are fucking stupid, we did not fight a war over taxes, we fought a war over having no say on what those taxes were.

you ignorance is astounding.

 

[Oddball]

Tea was dumped into Boston Harbor.

A Revolutionary War was fought.

The Whiskey Rebellion.

The list goes on and on...

Only to get "I don't mind paying my taxes as long as....." today.

The inmates have become their own jailers.

This thread makes me sick to my stomach just to read through it.

Fuck my life.

 

[Harpy Eagle]

Tea was dumped into Boston Harbor.

A Revolutionary War was fought.

The Whiskey Rebellion.

The list goes on and on...

Only to get "I don't mind paying my taxes as long as....." today.

The inmates have become their own jailers.

This thread makes me sick to my stomach just to read through it.

Fuck my life.

Dude, crack open a history book and read it, quit just throwing out names you heard on the TV once.

Or maybe look up "taxation without representation" and see if you can grasp what it means.

 

[Oddball]

EVERYONE should have a problem with a tax code that allows this nonsense to occur.....

I have a problem with a federal income tax code existing at all.

View attachment 257100

I don't mind the taxes in general. I do mind how they are used for superfluous bullshit.

Well then you're part of the problem.

We fought a war over this shit more than 200 years ago, now we get "I don't mind the taxes in general."

Fuck my life.

You are fucking stupid, we did not fight a war over taxes, we fought a war over having no say on what those taxes were.

you ignorance is astounding.

We already know you suffer deeply from Stockhokm syndrome...You're the got-damnedest biggest fake of a "libertarian" that I've ever encountered.

 

[Harpy Eagle]

EVERYONE should have a problem with a tax code that allows this nonsense to occur.....

I have a problem with a federal income tax code existing at all.

View attachment 257100

I don't mind the taxes in general. I do mind how they are used for superfluous bullshit.

Well then you're part of the problem.

We fought a war over this shit more than 200 years ago, now we get "I don't mind the taxes in general."

Fuck my life.

You are fucking stupid, we did not fight a war over taxes, we fought a war over having no say on what those taxes were.

you ignorance is astounding.

We already know you suffer deeply from Stockhokm syndrome...You're the got-damnedest biggest fake of a "libertarian" that I've ever encountered.

poor little anarchist that worships the leader of the government...you are so confused and so ignorant of the facts.

 

[Thinker101]

EVERYONE should have a problem with a tax code that allows this nonsense to occur.....

I have a problem with a federal income tax code existing at all.

View attachment 257100

I don't mind the taxes in general. I do mind how they are used for superfluous bullshit.

Well then you're part of the problem.

We fought a war over this shit more than 200 years ago, now we get "I don't mind the taxes in general."

Fuck my life.

You are fucking stupid, we did not fight a war over taxes, we fought a war over having no say on what those taxes were.

you ignorance is astounding.

And for some reason you feel now is different than 200 years ago? Dumbass.

 

[Harpy Eagle]

EVERYONE should have a problem with a tax code that allows this nonsense to occur.....

I have a problem with a federal income tax code existing at all.

View attachment 257100

I don't mind the taxes in general. I do mind how they are used for superfluous bullshit.

Well then you're part of the problem.

We fought a war over this shit more than 200 years ago, now we get "I don't mind the taxes in general."

Fuck my life.

You are fucking stupid, we did not fight a war over taxes, we fought a war over having no say on what those taxes were.

you ignorance is astounding.

And for some reason you feel now is different than 200 years ago? Dumbass.

well since we have representation and vote on them every 2 years, yes things are different than they were when we were ruled by England.

fuck, you people are just beyond stupid.

 

[Oddball]

And for some reason you feel now is different than 200 years ago? Dumbass.

Golfing Gomer would have made a top-notch kapo in the camps.

 

[Dragonlady]

If Jeff said" FUCK YOU" and moved to China(as he should) your unemployment would jump grande and UPS/Fedex/USPS would damn near bankrupt. He doesn't have to pay SHIT.
The people that only work.... because he has lotsa work, take care of that ( so IsNtReal can have more aid)

Amazon can't just move to China. The government would not allow them to operate there. The workers aren't educated enough, and there are no protections on the IT or their rights. Amazon is ONLY possible in a country like the USA.

The people who WORK haven't had a raise in 40 years, paying corporations for the privilege of working for them. They use massive amounts of infrastructure and government resources protecting their property and their intellectual property rights. There are huge costs involved in providing these platforms for corporations to have the workers and the protections to thrive and flourish. And you think that multi-billionaire corporations shouldn't have to pay anything for the resources they use.

You ignorance is just simply astounding.

if one has not had a raise in 40 years they are the ignorant ones.

No, they're the ones who haven't seen any real increases in income because of the policies enacted by the Reagan government and the destruction of the union movement. Workers whose jobs were displaced by off-shoring lost good paying jobs. Any remaining jobs in their sector suddenly had wage drops because of the competition for the few remaining jobs. I watched it happen with friends here after NAFTA was approved.

Jobs which paid $15 per hour disappeared after NAFTA became law in the early 90's. The few remaining jobs paid minimum wage, which at that time was $7 and change. It took 20 years for these workers finally got back to the $15 per hour they were making in 1990, and the minimum wage was then $10 per hour. Of course by then $15 didn't buy nearly as much as it did back in the early 90's.

My father was a production worker. He bought a modest house, and raised 6 kids on his wages. Yes they raised chickens in our yard, and fed us all from a big kitchen garden, and my Mom sewed all our clothes, but they were able to do it on my Dad's wages. Today, my production worker friends have both parents working full time, in order to provide for their families.

Reagan promised workers a big raise when the unions were gone. That was a lie. Trump promised workers a $4000 raise from the tax cuts, and that was a lie. When Reagan was elected, production workers owned 5% of the wealth of the country. Today, production workers are dependent on "earned income credits", food stamps and other government handouts to make ends meet. And now the middle class is losing their share of the wealth, all of which is trickling up.

The only people benefitting from the US economy, are the wealthy. Everyone else is losing ground.

 

[skews13]

That's right. Sixty profitable corporations paid no federal taxes in 2018, twice the number that typically paid nothing in the years before the 2017 tax breaks took effect. In fact, it's worse than that. Fifty-seven of these corporations demanded rebates from the government which means taxpayers like you and me paid them to exist. These are corporations on the dole. They claim to hate socialism if it means Medicare for All, but they sure as hell love socialism when it's welfare for them.

Another ill effect is that government debt balloons. The U.S. Treasury Department reported that the deficit rose $113 billion or 17 percent in the first year of the tax cuts, the largest one-year increase since 2009, which was during the worst of the Great Recession. That black hole is projected to occur every year the tax cuts remain in effect.

Republicans take those deficit figures -- deficits they created by cutting taxes -- and use them to demand offsetting spending cuts that is cuts to Social Security, cuts to Medicare and Medicaid, cuts to food stamps and school lunch programs, cuts to programs that are precious to workers and the poor.

The deficits grow like this: Amazon, the online marketplace, made nearly $11 billion last year and instead of paying the current, low 21-percent corporate tax rate on that income, it demanded that taxpayers give it $129 million. Which they did. It wasn't a rebate since Amazon paid no taxes. It was a big fat, gift withdrawn involuntarily from workers' pockets, wrapped in a fuzzy, flocked Amazon smiley bag, and deposited directly into corporate coffers. This is perverse wealth transfer, from the poor and middle class to the rich and corporations.

Amazon -- and 56 Other Corporations -- Took Your Tax Dollars

Full trickle.

Cool.

LOL, Amazon has cut the throats of a ton of Ma & Pa, businesses, and other corner stores, including corporate ones.

This has directly cut out a ton of jobs, consolidated into Amazons hands who in return hire far less than all these businesses would.

Why is this a good thing, exactly?

Oh, Bezos doesn't have enough money, boo hoo hoo.

How about Bezos pays for that wall?

Home Depot closed a lot of mom and pop hardware stores too.

You know how Hone Depot started?

Some guys who just got fired from work got together and opened a hardware store.

Again, Capitalism. They are all billionaires now.

And per one of the founders, government regulations prevent their success story from being repeated.

Since the rise of mega-corporations, outsourcing, and increased hiring of illegals. (All Capitalism) it's no surprise that despite a spike in productivity, real wages have flatlined, or even declined.

These corporations become mega through merger acquisitions. It goes against the very principles of capitalism as outlined by Adam Smith, the father of capitalism, in The Wealth of Nations. The conservatives who proclaim to be the guardians of capitalism, have abandoned those principles for crony capitalism you see today.

 

[deanrd]

That's right. Sixty profitable corporations paid no federal taxes in 2018, twice the number that typically paid nothing in the years before the 2017 tax breaks took effect. In fact, it's worse than that. Fifty-seven of these corporations demanded rebates from the government which means taxpayers like you and me paid them to exist. These are corporations on the dole. They claim to hate socialism if it means Medicare for All, but they sure as hell love socialism when it's welfare for them.

Another ill effect is that government debt balloons. The U.S. Treasury Department reported that the deficit rose $113 billion or 17 percent in the first year of the tax cuts, the largest one-year increase since 2009, which was during the worst of the Great Recession. That black hole is projected to occur every year the tax cuts remain in effect.

Republicans take those deficit figures -- deficits they created by cutting taxes -- and use them to demand offsetting spending cuts that is cuts to Social Security, cuts to Medicare and Medicaid, cuts to food stamps and school lunch programs, cuts to programs that are precious to workers and the poor.

The deficits grow like this: Amazon, the online marketplace, made nearly $11 billion last year and instead of paying the current, low 21-percent corporate tax rate on that income, it demanded that taxpayers give it $129 million. Which they did. It wasn't a rebate since Amazon paid no taxes. It was a big fat, gift withdrawn involuntarily from workers' pockets, wrapped in a fuzzy, flocked Amazon smiley bag, and deposited directly into corporate coffers. This is perverse wealth transfer, from the poor and middle class to the rich and corporations.

Amazon -- and 56 Other Corporations -- Took Your Tax Dollars

Full trickle.

Republicans feel this is a great idea. They are so happy. They feel corporations should be running the country. In fact they even insist that the country should be run like a corporation. Only without healthcare.

 

[Rustic]

If Jeff said" FUCK YOU" and moved to China(as he should) your unemployment would jump grande and UPS/Fedex/USPS would damn near bankrupt. He doesn't have to pay SHIT.
The people that only work.... because he has lotsa work, take care of that ( so IsNtReal can have more aid)

Amazon can't just move to China. The government would not allow them to operate there. The workers aren't educated enough, and there are no protections on the IT or their rights. Amazon is ONLY possible in a country like the USA.

The people who WORK haven't had a raise in 40 years, paying corporations for the privilege of working for them. They use massive amounts of infrastructure and government resources protecting their property and their intellectual property rights. There are huge costs involved in providing these platforms for corporations to have the workers and the protections to thrive and flourish. And you think that multi-billionaire corporations shouldn't have to pay anything for the resources they use.

You ignorance is just simply astounding.

Lol
You have no understanding of economics obviously