Amazon, And 56 0ther Corporations Took Your Tax Dollars

[SobieskiSavedEurope]

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 It was a big fat, gift withdrawn involuntarily from workers' pockets, wrapped in a fuzzy, flocked Amazon smiley bag, and deposited directly into corporate coffers.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?

If you cannot compete, you go out of business...that is the free market.

People whined about WalMart and Home Deopt/Lowes doing the same thing.

It's no wonder why America's real wages are in decline, despite a spike in productivity.

It's not bad enough that Illegals, H2B visa people cut down wages at home, and outsourced abroad. (All by Capitalism)

Now we have Internet corporations like Amazon cutting out cashiers, clerks, stock boys, etc. etc.

No wonder our nation stumbles.

How awful and terrible.

I can sit here at my computer, order the things I need online, and have them delivered to my door in a day or two.

What's this world coming to?

So, how are we supposed to get more jobs if it's being consolidated into the hands of fewer people, and more foreigners?

 

[Missouri_Mike]

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.

Shockingly a tax code millions of pages long doesn’t work out like you want it to.

Maybe a flat tax of 10% is needed across the board.

I like Herman's idea of 9%

You do know we get taxed around 35-40% right now, correct?

I do. And it’s ridiculous. 8,9,10%. Somewhere in there is where we should all be. No separating groups based on income. All taxes go up or down together for all classes.

So many poor people would actually do better they would no longer be poor.

 

[Defiant1]

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?

If you cannot compete, you go out of business...that is the free market.

People whined about WalMart and Home Deopt/Lowes doing the same thing.

It's no wonder why America's real wages are in decline, despite a spike in productivity.

It's not bad enough that Illegals, H2B visa people cut down wages at home, and outsourced abroad. (All by Capitalism)

Now we have Internet corporations like Amazon cutting out cashiers, clerks, stock boys, etc. etc.

No wonder our nation stumbles.

How awful and terrible.

I can sit here at my computer, order the things I need online, and have them delivered to my door in a day or two.

What's this world coming to?

So, how are we supposed to get more jobs if it's being consolidated into the hands of fewer people, and more foreigners?

Ingenuity. Entrepreneurship,

You want me to trade my comfort and convenience so some dumb, fucking liberal can have a job?

 

[initforme]

You want me to trade in my retirement so some rich lazy CEO can golf more on my dime?

 

[Weatherman2020]

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.

Yes, but on the bright side Commies are never hired.

 

[Defiant1]

You want me to trade in my retirement so some rich lazy CEO can golf more on my dime?

There are no CEOs golfing on your dime.

 

[initforme]

The most productive hardest working generation this nation has ever seen is eagerly waiting to make 12 bucks an hour. They are excited to work for that. Heck for that a company shouldn't expect much

 

[initforme]

Their company should step up and pay some taxes....otherwise relocate overseas.

 

[Defiant1]

Their company should step up and pay some taxes....otherwise relocate overseas.

Do you give money away for no reason?

 

[initforme]

So you want services.....for free. Got it.

 

[Defiant1]

So you want services.....for free. Got it.

What services did I say I wanted for free?

 

[Missouri_Mike]

You want me to trade in my retirement so some rich lazy CEO can golf more on my dime?

No, we want you to take care of yourself and stop fretting over what someone else has. You worry too much over them playing golf and not enough about doing what you can to play a round yourself.

 

[mikegriffith1]

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?

 

[Harpy Eagle]

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?

If you cannot compete, you go out of business...that is the free market.

People whined about WalMart and Home Deopt/Lowes doing the same thing.

It's no wonder why America's real wages are in decline, despite a spike in productivity.

It's not bad enough that Illegals, H2B visa people cut down wages at home, and outsourced abroad. (All by Capitalism)

Now we have Internet corporations like Amazon cutting out cashiers, clerks, stock boys, etc. etc.

No wonder our nation stumbles.

And elevators now run without elevator operators and people get into buildings without a doorman opening the door for them. I can place a call without going through the operator and I no longer need to go to the blacksmith to get shoes for my horse.

It is called progress.

 

[Rustic]

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?

If you cannot compete, you go out of business...that is the free market.

People whined about WalMart and Home Deopt/Lowes doing the same thing.

It's no wonder why America's real wages are in decline, despite a spike in productivity.

It's not bad enough that Illegals, H2B visa people cut down wages at home, and outsourced abroad. (All by Capitalism)

Now we have Internet corporations like Amazon cutting out cashiers, clerks, stock boys, etc. etc.

No wonder our nation stumbles.

And elevators now run without elevator operators and people get into buildings without a doorman opening the door for them. I can place a call without going through the operator and I no longer need to go to the blacksmith to get shoes for my horse.

It is called progress.

 

[Harpy Eagle]

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?

If you cannot compete, you go out of business...that is the free market.

People whined about WalMart and Home Deopt/Lowes doing the same thing.

I don't like any of them being able to do that!

They were able to do it because they were better at it than the one's that closed.

When I moved to Yuma Az in 2000 there was one local hardware store, and it was so expensive that people would drive to Phoenix 2 hours away if the were doing a large project. Later that year Home Dept and Lowes both opened a store in Yuma and the little guy went out of business, and the whole town said "good riddance".

 

[Mr Natural]

Trickle down, baby, trickle down!

 

[Rustic]

Trickle down, baby, trickle down!

 

[Harpy Eagle]

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

One of those stats that do not really tell the true story.

The fact of the matter is that Fed revenue goes up almost all the time, since the 40s it has only decreased 14% of the time.

Second, what happens after every major tax cut is that revenue growth is slowed.

The 10 years prior to Reagan's cuts in 81 revenue grew at an average of 12.41% per year, the 10 years after the tax cuts it grew at a rate of 5.68%.

The 10 years prior to Bush II's cuts revenue grew at an average of 6.61% per year, the 10 years after the tax cuts it grew at a rate of 1.87%.

 

[Harpy Eagle]

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?

If you cannot compete, you go out of business...that is the free market.

People whined about WalMart and Home Deopt/Lowes doing the same thing.

It's no wonder why America's real wages are in decline, despite a spike in productivity.

It's not bad enough that Illegals, H2B visa people cut down wages at home, and outsourced abroad. (All by Capitalism)

Now we have Internet corporations like Amazon cutting out cashiers, clerks, stock boys, etc. etc.

No wonder our nation stumbles.

And elevators now run without elevator operators and people get into buildings without a doorman opening the door for them. I can place a call without going through the operator and I no longer need to go to the blacksmith to get shoes for my horse.

It is called progress.

Still drunk this morning I see.