Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
1–10 of 48 posts
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#2Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#3Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the taxes paid from these jobs).
We should be allowing businesses to write off research and development. This promotes forward-thinking and almost always adds new jobs during the investment phase and after.
More tax money just gets wasted at the top. California is a good example of this. They pay more in taxes than any other state and have almost nothing to show for it but a failing education system, crumbling infrastructure, and high crime.
The main issue is that those companies should be require to hire US citizens and not outsourcing, for these jobs.
The tariffs Trump had in place were a good start.
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#4Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the taxes paid from these jobs). We should be allowing businesses to write off research and development. This promotes forward-thinking and almost always adds new jobs during the investment phase and after. More tax money just gets wasted at the top. California is…
>We should be allowing businesses to write off research and development.
The US tax code does allow business to write off R & D.
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#5Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the taxes paid from these jobs). We should be allowing businesses to write off research and development. This promotes forward-thinking and almost always adds new jobs during the investment phase and after. More tax money just gets wasted at the top. California is…
That's incorrect information, roughly half of US tax revenue is from income taxes, roughly a third is payroll taxes (not sure whether to attribute that to employees or corporations paying), and then corporate taxes and excise taxes are only about a tenth of US tax.
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#6Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the taxes paid from these jobs). We should be allowing businesses to write off research and development. This promotes forward-thinking and almost always adds new jobs during the investment phase and after. More tax money just gets wasted at the top. California is…
> The top companies (and the wealthiest for that matter) already pay the majority in taxes.
When you hoard far more than just a slim majority, paying a majority isn’t unexpected and it can still be unfair. But I think you are talking about federal personal income tax not corporate tax.
> We should be allowing businesses to write off research and development.
They already do in various ways.
> More tax money just gets wasted at the top. California is a good example of this.
I agree California is wasteful. But we can tax and just give the money directly to people.
> The main issue is that those companies should be require to hire US citizens and not outsourcing, for these jobs.
Not even close to the main issue. Why not just redistribute the gains instead of playing games with these other schemes?
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#7Earlier quoted context omitted.
The top companies (and the wealthiest for that matter) already pay the majority in taxes. This doesn't include the jobs created to support everything (and the taxes paid from these jobs). We should be allowing businesses to write off research and development. This promotes forward-thinking and almost always adds new jobs during the investment phase and after. More tax money just gets wasted at the top. California is…
That's incorrect information, roughly half of US tax revenue is from income taxes, roughly a third is payroll taxes (not sure whether to attribute that to employees or corporations paying), and then corporate taxes and excise taxes are only about a tenth of US tax.
Payroll is mostly the employees money gping to social programs.
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#8Earlier quoted context omitted.
That's incorrect information, roughly half of US tax revenue is from income taxes, roughly a third is payroll taxes (not sure whether to attribute that to employees or corporations paying), and then corporate taxes and excise taxes are only about a tenth of US tax.
Payroll is mostly the employees money gping to social programs.
I didn’t think payroll taxes were hypothecated in the US?
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#9Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
What we need is to cap all wealth at $200k. Any more than that and it is 100% taxed away. Inequality is the number one problem. And it should apply to unrealized gains as well. E.g. houses should not be more than $100k. And if you have a beneficial interest in something it should count as owning the whole thing. The taxes should be distributed to the poorest.
Of course if you oppose this you are wealthy and are a money hoarder. Inequality is the number one problem.
Re: Amazon, Meta, Alphabet report plunging tax bills thanks to AI and tax changes
#10Sad. What we need is higher taxes on the largest and most powerful corporations and lower taxes for small business and startups so they can compete fairly. This just extends the reign of the corporate oligarchs.
What we need is to cap all wealth at $200k. Any more than that and it is 100% taxed away. Inequality is the number one problem. And it should apply to unrealized gains as well. E.g. houses should not be more than $100k. And if you have a beneficial interest in something it should count as owning the whole thing. The taxes should be distributed to the poorest. Of course if you oppose this you are wealthy and are a mon…
It doesn't feel like you’ve thought through the nuances and implications of this policy, and the tone makes me think you don’t really want to.