11–20 of 55 posts
My understanding is Zoom is a chinese company. Federal government under Trump was not ready for pandemic, it did not provide any infrastructure for remote learning or work from home. Instead you relied on free infrastructure provided by China. Federal government should pay to Zoom!!!
My school(in Europe) used MS Teams. I’d argue you didn’t HAVE to go with Zoom.
Or, told another way: For several years, Zoom has spent much more than it has earned ($300M more in fact), on expenses like staff, rent, services and supplies from other companies - which will have generated large amounts of income taxes, payroll taxes, sales taxes, franchise taxes, municipal taxes, etc. This past year they have grown dramatically, and will have generated even more income taxes, franchise taxes, muni…
Fact check: True, but misleading. I'll cite: "The biggest reason for Zoom's de minimis tax bill is outsized executive compensation. Zoom paid $580 million in stock compensation alone in 2020, much of it likely to a handful of top executives, according to a calculation by CBS MoneyWatch based on the company's latest financial filings." At some point, somebody will have to pay taxes on selling that stock. Or if they ne…
Fact check: True, but misleading. I'll cite: "The biggest reason for Zoom's de minimis tax bill is outsized executive compensation. Zoom paid $580 million in stock compensation alone in 2020, much of it likely to a handful of top executives, according to a calculation by CBS MoneyWatch based on the company's latest financial filings." At some point, somebody will have to pay taxes on selling that stock. Or if they ne…
Correct me if I am wrong, wouldn't that mean if the stock value goes down and is sold at a much lower price, the collected tax would be much less? And isn't it possible to reduce tax even more from capital losses from stocks?
The first depends on the type of compensation and whether a prior 83(b) election was made (and taxes paid at that time).
But in general, the money’s going to get taxed and if the taxpayer is a US citizen, the US will get its cut.
Or, told another way: For several years, Zoom has spent much more than it has earned ($300M more in fact), on expenses like staff, rent, services and supplies from other companies - which will have generated large amounts of income taxes, payroll taxes, sales taxes, franchise taxes, municipal taxes, etc. This past year they have grown dramatically, and will have generated even more income taxes, franchise taxes, muni…
Or, told another way: For several years, Zoom has spent much more than it has earned ($300M more in fact), on expenses like staff, rent, services and supplies from other companies - which will have generated large amounts of income taxes, payroll taxes, sales taxes, franchise taxes, municipal taxes, etc. This past year they have grown dramatically, and will have generated even more income taxes, franchise taxes, muni…
But hey, at least we got thousands of clicks from outraged people about tech companies not paying taxes? KPIs met! Win!
Or, told another way: For several years, Zoom has spent much more than it has earned ($300M more in fact), on expenses like staff, rent, services and supplies from other companies - which will have generated large amounts of income taxes, payroll taxes, sales taxes, franchise taxes, municipal taxes, etc. This past year they have grown dramatically, and will have generated even more income taxes, franchise taxes, muni…
But hey, at least we got thousands of clicks from outraged people about tech companies not paying taxes? KPIs met! Win!
Okay can I as individual get tax credits by going into debt? If I can't "tax credits" then Zoom shouldn't get them. It's just common sense.
Seriously the current tax structure in the United States seems to be anti-human being. Humans have to pay up front in cash 100% each year, corporations can just claim they are writing off debt, apparently even in years they have no debt. Where does it stop? Why would someone defend this who pays taxes themselves?
Earlier quoted context omitted.
But hey, at least we got thousands of clicks from outraged people about tech companies not paying taxes? KPIs met! Win!
Is this sarcasm? Why wouldn't I still be outraged? Because they have "tax credits". Okay can I as individual get tax credits by going into debt? If I can't "tax credits" then Zoom shouldn't get them. It's just common sense. Seriously the current tax structure in the United States seems to be anti-human being. Humans have to pay up front in cash 100% each year, corporations can just claim they are writing off debt, ap…
Earlier quoted context omitted.
But hey, at least we got thousands of clicks from outraged people about tech companies not paying taxes? KPIs met! Win!
Why should income tax be a substitute? Where is my subsidy for having gone into debt for a degree?
Earlier quoted context omitted.
But hey, at least we got thousands of clicks from outraged people about tech companies not paying taxes? KPIs met! Win!
Is this sarcasm? Why wouldn't I still be outraged? Because they have "tax credits". Okay can I as individual get tax credits by going into debt? If I can't "tax credits" then Zoom shouldn't get them. It's just common sense. Seriously the current tax structure in the United States seems to be anti-human being. Humans have to pay up front in cash 100% each year, corporations can just claim they are writing off debt, ap…