Amazon, And 56 0ther Corporations Took Your Tax Dollars

[Dragonlady]

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 It was a big fat, gift withdrawn involuntarily from workers' pockets, wrapped in a fuzzy, flocked Amazon smiley bag, and deposited directly into corporate coffers.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

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

Across the nation, in every Mom and Pop store that existed, millions - far more than Amazon or Walmart.

If you consider all of the retail jobs that Amazon, Walmart and the other mega corporations have displaced, it's into the millions. Not to mention that retail stores owned/rented buildings, paid taxes to the local municipalities and contributed to local economies. Online retailers do not.

Jobs are being LOST to these large corporations. Walmart has actively encouraged suppliers to off-shore so they can have lower costs.

It costs so much less for me to have an online store than it does for me to rent a space and buy fixtures and only sell during business hours. I don't have to hire employees and I don't pay business taxes. I do my thing at home, list my goods and wait for sales. While typing this post, I responded to a potential client with information on the item she wanted to purchase. Added to which, there's not much market in this small town for my goods, but in selling to the world, I have millions of potential clients. I've sold to every continent except Africa and Anarctica.

Of course I buy most things online. I live in a town of 6000. There's no retail to speak of, and I have to go to the city to buy much of anything. I buy local when I can. Small businesses are better for the local economy, and the money is both earned and spent locally. These things matter to the overall economy.

 

[Staidhup]

Sad to say companies that don’t make a profit, as in revenue exceeding expenses, don’t pay taxes. It’s rather simple you apparently do not understand tax law, or for that mater like the rest of congress can not read a financial statement or balance sheet. Go figure.

 

[Dragonlady]

Sad to say companies that don’t make a profit, as in revenue exceeding expenses, don’t pay taxes. It’s rather simple you apparently do not understand tax law, or for that mater like the rest of congress can not read a financial statement or balance sheet. Go figure.

You need to review the financial statements. These companies ARE VERY PROFITABLE. They're booking record profits. And they're still not paying taxes.

 

[Rustic]

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?

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

Across the nation, in every Mom and Pop store that existed, millions - far more than Amazon or Walmart.

If you consider all of the retail jobs that Amazon, Walmart and the other mega corporations have displaced, it's into the millions. Not to mention that retail stores owned/rented buildings, paid taxes to the local municipalities and contributed to local economies. Online retailers do not.

Jobs are being LOST to these large corporations. Walmart has actively encouraged suppliers to off-shore so they can have lower costs.

It costs so much less for me to have an online store than it does for me to rent a space and buy fixtures and only sell during business hours. I don't have to hire employees and I don't pay business taxes. I do my thing at home, list my goods and wait for sales. While typing this post, I responded to a potential client with information on the item she wanted to purchase. Added to which, there's not much market in this small town for my goods, but in selling to the world, I have millions of potential clients. I've sold to every continent except Africa and Anarctica.

Of course I buy most things online. I live in a town of 6000. There's no retail to speak of, and I have to go to the city to buy much of anything. I buy local when I can. Small businesses are better for the local economy, and the money is both earned and spent locally. These things matter to the overall economy.

Lol
Small business is the enemy of socialism... fact

 

[Rustic]

Sad to say companies that don’t make a profit, as in revenue exceeding expenses, don’t pay taxes. It’s rather simple you apparently do not understand tax law, or for that mater like the rest of congress can not read a financial statement or balance sheet. Go figure.

You need to review the financial statements. These companies ARE VERY PROFITABLE. They're booking record profits. And they're still not paying taxes.

Federal taxes end up staying in DC... certainly do not go out to common folks

 

[JWBooth]

Sad to say companies that don’t make a profit, as in revenue exceeding expenses, don’t pay taxes. It’s rather simple you apparently do not understand tax law, or for that mater like the rest of congress can not read a financial statement or balance sheet. Go figure.

You need to review the financial statements. These companies ARE VERY PROFITABLE. They're booking record profits. And they're still not paying taxes.

A good start

 

[Staidhup]

When a company lives off depreciation and amortization without reinvesting in technology and upgrading means of production one is not destined to live long. For a person or company not to take full advantage of current tax law they are simply foolish.

 

[Thinker101]

Sad to say companies that don’t make a profit, as in revenue exceeding expenses, don’t pay taxes. It’s rather simple you apparently do not understand tax law, or for that mater like the rest of congress can not read a financial statement or balance sheet. Go figure.

You need to review the financial statements. These companies ARE VERY PROFITABLE. They're booking record profits. And they're still not paying taxes.

Bad news, they're paying all the taxes government requires them to pay.

 

[Staidhup]

If people want to bitch about Home Depot, Walmart, Amazon..... then they had better look at themselves in the mirror, for they alone, coupled with their spending habits, created them. What country made your car? Who made your computer, TV, refrigerator, phone, where did the components originate from? Where did the raw materials come from and what country converted these same raw materials into usable finished material used in manufacturing?

 

[Staidhup]

The problem with socialists is enough of someone’s else’s sweat that runs down the crack of their ass is never enough!

 

[Dragonlady]

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?

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

Across the nation, in every Mom and Pop store that existed, millions - far more than Amazon or Walmart.

If you consider all of the retail jobs that Amazon, Walmart and the other mega corporations have displaced, it's into the millions. Not to mention that retail stores owned/rented buildings, paid taxes to the local municipalities and contributed to local economies. Online retailers do not.

Jobs are being LOST to these large corporations. Walmart has actively encouraged suppliers to off-shore so they can have lower costs.

It costs so much less for me to have an online store than it does for me to rent a space and buy fixtures and only sell during business hours. I don't have to hire employees and I don't pay business taxes. I do my thing at home, list my goods and wait for sales. While typing this post, I responded to a potential client with information on the item she wanted to purchase. Added to which, there's not much market in this small town for my goods, but in selling to the world, I have millions of potential clients. I've sold to every continent except Africa and Anarctica.

Of course I buy most things online. I live in a town of 6000. There's no retail to speak of, and I have to go to the city to buy much of anything. I buy local when I can. Small businesses are better for the local economy, and the money is both earned and spent locally. These things matter to the overall economy.

Lol
Small business is the enemy of socialism... fact

Wrong again. Small business IS socialism. Small business is an insulator against recessions. It diffuses the concentration of wealth created by unfettered capitalism.

One of the greatest economic phenomenoms of the 20th Century was the Microsoft Millionaires. When Microsoft went public, 12,000 employees became millionaires, and 4 senior executives became billionaires. The company had offered stock to early employees because they had no cash to pay them.

Many of the Microsoft Millionaires left Microsoft, and started their own small businesses. The economic impact was tremendous.

The weird and wild ways Microsoft's first employees spent the millions they made

The concentrated wealth we see today is NOT a benefit to the overall economy. Wealthy people don't spend nearly as much of their income (by percentages) as poor people who spend EVERYTHING they make. The problem since the 1980's is that low income people have had less and less disposable income as prices for basic items like housing, fuel and food rose, but income didn't.

 

[SobieskiSavedEurope]

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

There's probably literally millions of jobs lost to Amazon's existence. Because they cut out a bunch of Mom, and Pop stores, and other Corporations which otherwise would have more employees as cashiers, stock boys, clerks, and so forth.

Probably literally?

SO you don't know how many jobs were "lost".

We know that Mom & Pop stores, and even bigger Corporations like Sears, JC Pennys, and Macy's have all been hurt by Amazon, to the point of on the verge of collapse.

The fact of the matter is Amazon clearly takes away jobs, and consolidates them into fewer positions.

Bullshit. Thousands of companies sell via Amazon and those companies have hundreds of thousands or millions of employees all over the planet. They only coordinate most of it. It's like ebay x 100,000

How is it BS?
Amazon clearly takes away a ton of cashier, clerk, and stock boy positions.

 

[SobieskiSavedEurope]

If people want to bitch about Home Depot, Walmart, Amazon..... then they had better look at themselves in the mirror, for they alone, coupled with their spending habits, created them. What country made your car? Who made your computer, TV, refrigerator, phone, where did the components originate from? Where did the raw materials come from and what country converted these same raw materials into usable finished material used in manufacturing?

Walmart was among the first to outsource heavily to China, fact.

Amazon is even worse, because at least Walmart still has cashiers, stock boys, greeters, and clerks etc.

 

[Harpy Eagle]

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?

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

Across the nation, in every Mom and Pop store that existed, millions - far more than Amazon or Walmart.

If you consider all of the retail jobs that Amazon, Walmart and the other mega corporations have displaced, it's into the millions. Not to mention that retail stores owned/rented buildings, paid taxes to the local municipalities and contributed to local economies. Online retailers do not.

Jobs are being LOST to these large corporations. Walmart has actively encouraged suppliers to off-shore so they can have lower costs.

It costs so much less for me to have an online store than it does for me to rent a space and buy fixtures and only sell during business hours. I don't have to hire employees and I don't pay business taxes. I do my thing at home, list my goods and wait for sales. While typing this post, I responded to a potential client with information on the item she wanted to purchase. Added to which, there's not much market in this small town for my goods, but in selling to the world, I have millions of potential clients. I've sold to every continent except Africa and Anarctica.

Of course I buy most things online. I live in a town of 6000. There's no retail to speak of, and I have to go to the city to buy much of anything. I buy local when I can. Small businesses are better for the local economy, and the money is both earned and spent locally. These things matter to the overall economy.

Lol
Small business is the enemy of socialism... fact

Then you should be hating Amazon


Sent from my iPhone using USMessageBoard.com

 

[Staidhup]

Then stop spending money there!

 

[Rustic]

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

Across the nation, in every Mom and Pop store that existed, millions - far more than Amazon or Walmart.

If you consider all of the retail jobs that Amazon, Walmart and the other mega corporations have displaced, it's into the millions. Not to mention that retail stores owned/rented buildings, paid taxes to the local municipalities and contributed to local economies. Online retailers do not.

Jobs are being LOST to these large corporations. Walmart has actively encouraged suppliers to off-shore so they can have lower costs.

It costs so much less for me to have an online store than it does for me to rent a space and buy fixtures and only sell during business hours. I don't have to hire employees and I don't pay business taxes. I do my thing at home, list my goods and wait for sales. While typing this post, I responded to a potential client with information on the item she wanted to purchase. Added to which, there's not much market in this small town for my goods, but in selling to the world, I have millions of potential clients. I've sold to every continent except Africa and Anarctica.

Of course I buy most things online. I live in a town of 6000. There's no retail to speak of, and I have to go to the city to buy much of anything. I buy local when I can. Small businesses are better for the local economy, and the money is both earned and spent locally. These things matter to the overall economy.

Lol
Small business is the enemy of socialism... fact

Wrong again. Small business IS socialism. Small business is an insulator against recessions. It diffuses the concentration of wealth created by unfettered capitalism.

One of the greatest economic phenomenoms of the 20th Century was the Microsoft Millionaires. When Microsoft went public, 12,000 employees became millionaires, and 4 senior executives became billionaires. The company had offered stock to early employees because they had no cash to pay them.

Many of the Microsoft Millionaires left Microsoft, and started their own small businesses. The economic impact was tremendous.

The weird and wild ways Microsoft's first employees spent the millions they made

The concentrated wealth we see today is NOT a benefit to the overall economy. Wealthy people don't spend nearly as much of their income (by percentages) as poor people who spend EVERYTHING they make. The problem since the 1980's is that low income people have had less and less disposable income as prices for basic items like housing, fuel and food rose, but income didn't.

Small business cannot exist in a socialist society

 

[Rustic]

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

Across the nation, in every Mom and Pop store that existed, millions - far more than Amazon or Walmart.

If you consider all of the retail jobs that Amazon, Walmart and the other mega corporations have displaced, it's into the millions. Not to mention that retail stores owned/rented buildings, paid taxes to the local municipalities and contributed to local economies. Online retailers do not.

Jobs are being LOST to these large corporations. Walmart has actively encouraged suppliers to off-shore so they can have lower costs.

It costs so much less for me to have an online store than it does for me to rent a space and buy fixtures and only sell during business hours. I don't have to hire employees and I don't pay business taxes. I do my thing at home, list my goods and wait for sales. While typing this post, I responded to a potential client with information on the item she wanted to purchase. Added to which, there's not much market in this small town for my goods, but in selling to the world, I have millions of potential clients. I've sold to every continent except Africa and Anarctica.

Of course I buy most things online. I live in a town of 6000. There's no retail to speak of, and I have to go to the city to buy much of anything. I buy local when I can. Small businesses are better for the local economy, and the money is both earned and spent locally. These things matter to the overall economy.

Lol
Small business is the enemy of socialism... fact

Then you should be hating Amazon


Sent from my iPhone using USMessageBoard.com

Lol
Na, not really

 

[Blues Man]

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

There's probably literally millions of jobs lost to Amazon's existence. Because they cut out a bunch of Mom, and Pop stores, and other Corporations which otherwise would have more employees as cashiers, stock boys, clerks, and so forth.

Probably literally?

SO you don't know how many jobs were "lost".

We know that Mom & Pop stores, and even bigger Corporations like Sears, JC Pennys, and Macy's have all been hurt by Amazon, to the point of on the verge of collapse.

The fact of the matter is Amazon clearly takes away jobs, and consolidates them into fewer positions.

Sears JC Penny etc were in trouble before Amazon came around.

They were dinosaurs and didn't change to meet the times.

 

[Blues Man]

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?

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

If the Mom and Pop operations had similar favorable tax treatments.....they would have employed a lot more people, that's for sure. A pretty good u tube clip below with Ralph Nader explaining how the big money, big corporations have taken over America.

You don't know much about business

You don't hire employees based on your tax rate.

You hire employees when not hiring them hurts your business. If your business volume outstrips your employees ability to meet the demand then you hire.

 

[Blues Man]

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?

No Mom and Pop store ever delivered my stuff to my door in 2 days or less.

No Mom and Pop store has ever carried absolutely everything I need or want under one roof.

Why do you want to live in the past where you had to waste time schlepping to 5 or 6 different Mom and Pop stores to get what you want?

So, we didn't lose enough jobs to foreigner immigrants, and outsourced jobs?

Now we need to lose even more jobs with Amazon consolidating jobs into the hands of fewer people?

How is this supposed to work out for the better societal gain, in the long run?

Amazon employs 650, 000 Americans

How many employees did your favorite Mom and Pop store ever have?

Across the nation, in every Mom and Pop store that existed, millions - far more than Amazon or Walmart.

If you consider all of the retail jobs that Amazon, Walmart and the other mega corporations have displaced, it's into the millions. Not to mention that retail stores owned/rented buildings, paid taxes to the local municipalities and contributed to local economies. Online retailers do not.

Jobs are being LOST to these large corporations. Walmart has actively encouraged suppliers to off-shore so they can have lower costs.

It costs so much less for me to have an online store than it does for me to rent a space and buy fixtures and only sell during business hours. I don't have to hire employees and I don't pay business taxes. I do my thing at home, list my goods and wait for sales. While typing this post, I responded to a potential client with information on the item she wanted to purchase. Added to which, there's not much market in this small town for my goods, but in selling to the world, I have millions of potential clients. I've sold to every continent except Africa and Anarctica.

Of course I buy most things online. I live in a town of 6000. There's no retail to speak of, and I have to go to the city to buy much of anything. I buy local when I can. Small businesses are better for the local economy, and the money is both earned and spent locally. These things matter to the overall economy.

Paying more for stuff doesn't benefit my personal economy.

I'm not going to pay twice as much for anything at some rinky dink store on Main St just because it's in my town