Am I to believe Bezos and his investors will simply take the hit of paying taxes, or will that expense get passed to consumers?
Some voters are sick of companies like Amazon paying no corporate tax
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Re: Some voters are sick of companies like Amazon paying no corporate tax
#12Re: Some voters are sick of companies like Amazon paying no corporate tax
#13Really have to start taxing over revenues. It's long due.
Yea sure.. good way to kill incentives for businesses to re-invest their revenue and grow/innovate. Just tax on revenue he said... Holy shit the minds these days...
Re: Some voters are sick of companies like Amazon paying no corporate tax
#14Voters are sick of it because of a general misunderstanding of corporate taxes, and sensationalized headlines are just making it worse.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#15Lol very funny dog dance
Just try to control your laugh
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Re: Some voters are sick of companies like Amazon paying no corporate tax
#16The article is reluctant to mention the reason why they got those tax rebates, and focuses on the way people feel about it. This seems like bad journalism. According to CNBC, “Amazon's low tax bill mainly stemmed from the Republican tax cuts of 2017, carryforward losses from years when the company was not profitable, tax credits for massive investments in R&D and stock-based employee compensation.” https://www.cnbc.c…
Those all sound like corporate tax policies. That's literally what they're talking about. Clearly, a growing portion of the electorate doesn't like those policies.
That's the first step in democracy, no? Engagement?
Re: Some voters are sick of companies like Amazon paying no corporate tax
#17Earlier quoted context omitted.
One could argue that the consumers are the ones paying this too. Sales tax is almost always passed onto the consumer in the form of raised prices.
I don't understand: What's the difference in them passing on the sales taxes and passing on the corp. taxes, or indeed any other expense?
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Re: Some voters are sick of companies like Amazon paying no corporate tax
#18Really have to start taxing over revenues. It's long due.
If it costs you 95 cents to make 1 dollar, an 8% revenue tax would means you would pay 1.03 in cost to make 1.00.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#19The article is reluctant to mention the reason why they got those tax rebates, and focuses on the way people feel about it. This seems like bad journalism. According to CNBC, “Amazon's low tax bill mainly stemmed from the Republican tax cuts of 2017, carryforward losses from years when the company was not profitable, tax credits for massive investments in R&D and stock-based employee compensation.” https://www.cnbc.c…
> carryforward losses from years when the company was not profitable
yes, this definitely should be talked about. Why can't people's income be carried forward like this as well?
If i made a lot of money one year, why can't i claim away taxes from years that i didn't make income (such that my tax bracket is lower)?
Re: Some voters are sick of companies like Amazon paying no corporate tax
#20Earlier quoted context omitted.
One could argue that the consumers are the ones paying this too. Sales tax is almost always passed onto the consumer in the form of raised prices.
I don't understand: What's the difference in them passing on the sales taxes and passing on the corp. taxes, or indeed any other expense?
Agreed. But where the tax is coming from pushes society in one direction or another.
Picture this: all tax for the budget collected from pollution taxes, so: zero sales tax, zero wage tax, zero home owner taxes.
What do you think society will optimize in that case?
Yet currently we tax on labour and on home ownership, but not on Amazon. Look around an see the result.