So the amount it goes up is irrelevant.
Corporate taxes still below 2017
So it doesn't matter.... revenue is up... but that doesn't matter.
New math? Common Core? Just wondering how you claim revenue being higher doesn't matter to deficits....
How can Amazon and it's ilk pay zero corporate tax?
So many of the biggest corporations are paying nothing.
Donald Trump is irate beccause EU and UK companies a re starting to implement taxes on US based corporations who conduct online business in their countries, including advertising and sales.
Big MNCs might eventually pay more tax in EU and UK than they do in the USA.
Are you saying that all the executives, and management of Amazon and Google, and all the other companies are not paying taxes?
The answer to your question is... you are a liar. That's how they pay zero tax. When you make up things that are not true, then they pay zero tax.
No little buddy. You lie.
Amazon will pay $0 in federal taxes this year — here's how the $793 billion company gets away with it
Amazon will pay $0 in federal taxes this year — here's how the $793 billion company gets away with it
Alyssa Pagano and Steve Kovach Feb 14, 2019, 10:07 PM
Amazon will not pay federal income tax for the second year in a row, according to the Institute on Taxation and Economic Policy, despite being worth $793 billion. ...
I love this... Ok so let's look at what your link actually says:
The company’s newest corporate filing reveals that, far from paying the statutory 21 percent income tax rate on its U.S. income in 2018, Amazon reported a federal income tax rebate of $129 million. For those who don’t have a pocket calculator handy, that works out to a tax rate of negative 1 percent. The fine print of Amazon’s income tax disclosure shows that this achievement is partly due to various unspecified “tax credits” as well as a tax break for executive stock options.
1. Note: "income tax rebate". Do you know what a rebate is? It means they paid too much in tax last year, so they are getting money back this year. If the amount that you paid too much of, exceeds how much you paid for this year, relative to how much you owe... then you get money back.
It does not mean they paid no tax. It means if they owed $100, and paid $200 last year, and they owed $100 and paid $50 this year... then doing a little math, you are going to get back $50... while still having paid tax.
How do I know this is the case?
Annual reports, proxies and shareholder letters | Amazon.com, Inc. - IR
SEC Investor Relations, Page 65.
View attachment 308886
That's $3.4 Billion... in supposedly never paid taxes according to the brainless fool who wrote that link.
2. Further I love how he says unspecified tax credits. That's funny given they are well documented if you look.
Page 22 of the same report.
Our federal tax credits are primarily related to the U.S. federal research and development credit. As we utilize our federal net operating losses and tax credits we expect cash paid for taxes to increase.
So they even say the amount they pay in taxes will increase as they use up their tax credits. Implication they are paying cash for taxes already.
But their tax credits are for R&D. What R&D might that be?
Go behind the scenes as Amazon develops a new electric vehicle
Well what do you know.... green-energy research projects? Crazy.
So everywhere else in left-wing ideology we have left-wingers demanding the government fund green-energy research.
Here Amazon is running green energy research.
And now here you are crying that Amazon isn't paying taxes, because they got massive tax credits for green energy research.
Left-winger "How dare you oppose support for green research! You are anti-science!"
Big companies avoid taxes by engaging in green research.
Left-winger "How dare you avoid taxes by using our green research support!"
You people are a joke. This by the way, is why I have always said the left-wing, far more than the right-wing, are all pawns of the rich and wealthy. You people dance to their tune constantly, and never realize you are merely puppets of the wealthy.
Reminds me of all you left-wingers dancing around for "Net Neutrality", with Reed Hastings the CEO of Netflix sitting in the back with a broad smile on his face, never realizing you were just setting yourself up to pay more for slower speeds, to benefit Hastings.
And honestly, what posts like this show me, is that you really don't care about the truth. Because anyone who actually cared about the truth, and actually has any functioning high level thinking, would immediately be skeptical of a claim that some major company paid no tax.
It's a ridiculous claim at face value, without any research into the claim. And beyond that, to claim a company paid no tax, is ridiculous even ignoring the corporate tax. A company is nothing, but a group of individual people. And each person is paying taxes, from the lowest guy emptying the trash cans at night, to the highest executive levels. Everyone is paying tax.
But even back to your ridiculous zero corporate income tax... it required a whooping... and I mean an entire 3 full minutes of my life, to punch in Amazon Investor Relations, open the annual report, and do a search for "Tax" and then find the relevant details.
Now since anyone can do this with publicly filed SEC report, including the idiot that wrote your dumb article you linked to, that suggests to me that this isn't a matter of even just intellectual laziness... but rather an ideologically driven willful ignorance. You don't want to know the truth. You want to believe that companies pay zero tax, because it fits with your fabricated narrative.
Well... glad to educate everyone else on the forum, that your narrative is crap.
