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
#2>the list of those paying zero roughly doubled last year as a result of provisions in President Trump’s 2017 tax bill
The gripes seem to largely a political issue which I guess is down to the voters as to who they vote in.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#3Really have to start taxing over revenues. It's long due.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#4> One of the benefits of taxation is taking it and using it for the collective good
Which is true no matter if the tax rate is 1% or 75%
> He could be taxed at 99.9 percent and still have millions left over
I realize this is hyperbole but do realize that no 99.9% tax would be complied with
> tax on every dollar over $100 million in profits they earn anywhere in the world
oh the American hubris, so lost in the goal of catering to their constituents that they think this institution has a valid claim on assets, and income. Lets take a cut of everyone's productivity IN A MORE FAIR WAY crowd cheers.
But alas, the US rule of law makes it secure for you to do business and these corporations benefit from this society and use its services - but thats also true whether the tax is 1% of 75%, so it isn't really an argument
> article shows graphs about tax rebates
Article doesn't talk about how the corporations used tax rebates at all. It talks about the outcome of paying no tax, talks about all these proposals, and none of the proposals talk about tax rebates. Even the most ambitious proposal here would probably not effect how these corporations operate. Are people - I dare say - stupid? Is this a mass reading comprehension issue?
It is interesting that people who can simply read can play tax games like this for another 100 years before anyone catches on.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#5The 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.com/amp/2019/04/03/why-amazon-paid-no-feder...
These are the actual things we should be talking about.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#6Really have to start taxing over revenues. It's long due.
They do. Sales tax.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#7Re: Some voters are sick of companies like Amazon paying no corporate tax
#8Really have to start taxing over revenues. It's long due.
Way to kill businesses that relying on subcontracting and surviving on small margin.
Re: Some voters are sick of companies like Amazon paying no corporate tax
#9Re: Some voters are sick of companies like Amazon paying no corporate tax
#10Earlier quoted context omitted.
They do. Sales tax.
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?