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Amazon Inc. Paid Zero in Federal Taxes in 2017, Gets $789 Million Windfall from New Tax Law
ITEP ^
| 02/13/18
Posted on 02/27/2018 9:12:10 AM PST by Enlightened1
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Amazon made 5.6 Billion in profit in 2017 and paid 0 Federal Taxes.
Keep in mind they received a $1.46 of tax payer money for every box they ship too.
To: Enlightened1
If Amazon paid zero taxes, how do they then get a “tax break”?
2
posted on
02/27/2018 9:14:34 AM PST
by
FiddlePig
(Who needs Truth & facts when you have narrative?)
To: Enlightened1
Where’s Nancy Pelosi to comment on this??
3
posted on
02/27/2018 9:15:30 AM PST
by
ObozoMustGo2012
("Be quiet... you are #fakenews!")
To: Enlightened1
And the last that I saw, Amazon was still running the NRA’s TV channel and ignoring the anti-Second-Amendment academic herd.
4
posted on
02/27/2018 9:16:07 AM PST
by
familyop
(President Trump said that we're all important, so let's do something!)
To: FiddlePig
Great question!
All I know I made no where near this amount and I owe taxes.
I guess it really pays well to have good lobbyists.
To: familyop
Well that’s good at least.
To: Enlightened1
All I know I made no where near this amount and I owe taxes. Is it that you are an employee?
If so, earned income (W-2) is the highest taxed form of income.
Amazon is a business, not an employee.
7
posted on
02/27/2018 9:19:45 AM PST
by
aMorePerfectUnion
(Q is Barron Trump, time-traveling back from the future, to help his dad fight the deep state.)
To: Enlightened1
"ITEP ^ | 02/13/18 ...(Excerpt) Read more at itep.org ..."
ITEP is a radical socialist rag. Here are a couple of examples from their front page. "The final Trump-GOP tax law provides most of its benefits to high-income households and foreign investors while raising taxes on many low- and middle-income Americans." and "Why We're Not Eternally Grateful for $1,000 Crumbs."
8
posted on
02/27/2018 9:20:41 AM PST
by
familyop
(President Trump said that we're all important, so let's do something!)
To: Enlightened1
defer or postpone tax liability from prior years
Tax loss carry-forward? Whatever.
Amazon haters gonna hate.
9
posted on
02/27/2018 9:24:20 AM PST
by
sparklite2
(See more at Sparklite Times)
To: Enlightened1
I’m sure Bezos will echo Gates in saying he should pay more taxes - then do nothing about it.
10
posted on
02/27/2018 9:25:08 AM PST
by
randita
(PLEASE STOP ALL THE WORTHLESS VANITIES!)
To: Enlightened1
What are these things called...
dollars?
Must be made by the same toy company that makes those imaginary debt ceilings.
11
posted on
02/27/2018 9:26:10 AM PST
by
RckyRaCoCo
(Please Pray For My Brother Ken)
Amazon also has a special category and prices for NRA books and is one of the companies that has *not* caved in to the teachers, instructors, students and feminists for gun control.
12
posted on
02/27/2018 9:26:19 AM PST
by
familyop
(President Trump said that we're all important, so let's do something!)
To: aMorePerfectUnion
Not defending Jeff Bezos or his liberalism at at all but how many people does Amazon employ and what do they pay in payroll taxes? Probably a lot.
13
posted on
02/27/2018 9:26:51 AM PST
by
frogjerk
(We are conservatives. Not libertarians, not "fiscal conservatives", not moderates)
To: Enlightened1
The thought that they paid no federal taxes isn’t quite accurate. For each employee they had they paid half of their employment taxes, half of their FICA and half of their Medicaid. And that’s just the tip of the iceberg.
To: Enlightened1
A gazillion companies don’t pay taxes and get perks from the cities they’re in. This practice is WRONG.
15
posted on
02/27/2018 9:40:17 AM PST
by
bgill
(CDC site, "We don't know how people are infected with Ebola.")
If we can’t get across-the-board tax cuts, I’m all for tax cuts wherever they can be enacted.
I know what you’re thinking: that’s not fair etc. Do YOU take every d@mn deduction you can on your taxes? of course you do.
16
posted on
02/27/2018 9:41:23 AM PST
by
ctdonath2
(It's not "white privilege", it's "Puritan work ethic". Behavior begets consequences.)
To: DouglasKC
Exactly.
A corporation is PEOPLE working toward a common business goal. They all get paid.
What’s wrong is taxing their income as a group, AND as individuals. Just a sneaky way for the gov’t to raise individual income taxes by one-off misdirection.
17
posted on
02/27/2018 9:42:51 AM PST
by
ctdonath2
(It's not "white privilege", it's "Puritan work ethic". Behavior begets consequences.)
To: Enlightened1
When I look them up, it says Amazon paid $769 million in taxes on $3.8 billion in income in 2017.
Did something get re-stated?
To: Enlightened1
“Keep in mind they received a $1.46 of tax payer money for every box they ship too. “
I don’t think so but you can explain ...
To: Enlightened1
It’s ironic that before this was a Trump tax cut this forum was pretty much populist about corporate taxes and companies paying 0 taxes. Especially after the 08-09 recession.
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