Amazon doesn't pay taxes despite being worth $793 billion. How can I do this?
IRS budget cuts cost $34.3B in lost revenue from big business
61–70 of 319 posts
Re: IRS budget cuts cost $34.3B in lost revenue from big business
#62Earlier quoted context omitted.
I like taxes; with them we buy civilization. I want the IRS to have whatever resources are necessary to collect every tax dollar owed (but not a dollar more) according to tax statue.
> I like taxes; with them we buy civilization. You are welcome to over-report them for your own satisfaction.
Happily, if as a trade I can send the people who don't pay for civilization to an isolated desert where they not preaching libertarianism at the expense of everybody else.
Taxes are a membership fee for society. I'm fine with people declaring themselves not members of the society, but they don't get to use the club room then, either.
Re: IRS budget cuts cost $34.3B in lost revenue from big business
#63Re: IRS budget cuts cost $34.3B in lost revenue from big business
#64Earlier quoted context omitted.
“Anyone opposing more police officers and equipment is looking to break the law.” Just as I don’t want a bored cop on every street corner, I also don’t want the IRS to be staffed to maximize revenue. It’s a balance.
The US has massive amounts of deficit spending and we're pretty far from balancing the budget. Why does the amount of lost revenue even matter?
I think it's particularly egregious because the part in control while the budget has been broken has classically been the one to strongly advocate for a balanced budget - and will probably start advocating as soon as they fall out of power.
Granted, both parties are terrible when it comes to corporate interest so... they both suck - but one really has a strong tendency to advocate for balancing the books.
Re: IRS budget cuts cost $34.3B in lost revenue from big business
#65Amazon doesn't pay taxes despite being worth $793 billion. How can I do this?
Survive through years of losing money, then use the saved tax credits over the course of the first few profitable years.
Re: IRS budget cuts cost $34.3B in lost revenue from big business
#66Earlier quoted context omitted.
> I like taxes; with them we buy civilization. You are welcome to over-report them for your own satisfaction.
Happily, if as a trade I can send the people who don't pay for civilization to an isolated desert where they not preaching libertarianism at the expense of everybody else. Taxes are a membership fee for society. I'm fine with people declaring themselves not members of the society, but they don't get to use the club room then, either.
> Taxes are a membership fee for society
If only you could appreciate that the US was founded protesting a 5% GDP tax rate.
Re: IRS budget cuts cost $34.3B in lost revenue from big business
#67Earlier quoted context omitted.
Yeah, the people "getting away with it" in this case aren't those paying withholding or even mostly individuals... they're corporations bilking the government and every other taxpayer. It's more like cutting back on the FBI when there's an outbreak of organized crime...
The problem is Congress, not the IRS. Most corporations pay the amount of tax they owe under the law, but the law is written to allow tax evasion. The IRS can’t do anything about this. The fix is to close several well known loopholes.
"Most corporations pay the amount of tax they owe under the law" <- That's what the IRS is there to ensure. Legal tax evasion is not a problem in discussion here.
Re: IRS budget cuts cost $34.3B in lost revenue from big business
#68I don't get why countries always under-invest in tax collection... as long as it's ROI positive, shouldn't budgets be getting increased?
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Re: IRS budget cuts cost $34.3B in lost revenue from big business
#69Earlier quoted context omitted.
Happily, if as a trade I can send the people who don't pay for civilization to an isolated desert where they not preaching libertarianism at the expense of everybody else. Taxes are a membership fee for society. I'm fine with people declaring themselves not members of the society, but they don't get to use the club room then, either.
> Taxes are a membership fee for society If only you could appreciate that the US was founded protesting a 5% GDP tax rate.
And what of appreciating that? Was that 5% taxation being spent on US infrastructure?
Re: IRS budget cuts cost $34.3B in lost revenue from big business
#70Just one of the many sectors where budget cuts are going turn into huge losses down the line. The consequences of cutting healthcare and education are (going) to be much worse.
When have healthcare or education ever been cut? Edit: A lot of downvotes, but no examples. Such cuts are always talked about as if though they have factually happened. To my knowledge, I’ve never actually seen such a cut in the United States at the federal, state, or local level. Sometimes, there have been attempts to limit the rate of spending growth, but those seem to always fail too.
The governor of Alaska just signed a bill that cut 41% off the state budget for higher education.