Did Amazon really pay $0 in taxes to the Federal Government?

They actually payed negative income tax if you add in all the government grants.

imagine thinking that lol

So did GE a few years back. If its legal its legal. Why would you care who paid what other than what you paid? You dont get any of what they would have paid. So why care?

Somebodys poor

People ITT that don't understand accounting loss and business growth.
You niggers can name 20 genders and dont even understand the basics of economics.

At the level of Bezos and Zuck, you don't only not pay tax, the taxpayer pays you. Whether it's bezos' multi hundred million dollar glownigger deal or Obama propaganda gibs dumped on you

They reinvested the money. They did pay use or sales tax, they paid payroll taxes, they created thousands of jobs, and many more outside their company that rely on them to sell their products, or deliver their products, or ship their products, etc... they purchase benefits in large pools which helps reduce the cost of insurance for other people. The government is still making an lot of money off them. They can afford the best tax attorneys in the world... of course they are going to figure out every loop hole. If a tax attorney can save you hundreds of millions... you'd shell out millions for the benefit too, wouldn't you?

Same with Netflix and probably many more.

No, there are various federal government taxes and corporate income taxes are just a minor part. Why the US doesn’t abolish corporate income taxes is beyond me. These taxes only burden small businesses while you can legally model them to 0 in large businesses.

Tax receipts from federal corporate income tax are falling below 1% of GDP towards 0.5% of GDP. I say, just replace the whole system with a VAT and be done with. Easy to manage, easy to administer, you can’t fucking manipulate it with tax haven headquarters and small companies aren’t hit by it and would flourish with 0% income tax.

What you want is generally low personal income taxes and some 20% VAT and fund the whole federal, state and local govs with that VAT. It’s not called the fair tax proposal for nothing, it is thr FAIREST system out there and you don’t even need the IRS any more.

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Shit! Who let Ocasio-Cortez in this thread?

should get rid of eyebrows too retard

Yes. Its in the tax code. Loss carry over deduction. If we didn't have it, companies would fold when they had a bad year. Next year, they also might have enough losses from previous years to mitigate any tax they would pay from gains. Its why US companies exist- even when operating at a loss. That translates to: stable worker income, stable goods market, and companies that grow and get better at profit with time. Very important to be able to take a loss, and move on.

Honestly, they should increase the personal, uh, civilian loss deduction from the current amount. I had some stock losses that total several tens of thousands, and I"m still carry for another 7 years or so. Current limit is 3k in personal losses. That includes: investment losses, fire losses, theft losses, natural disaster losses (with some exceptions).

The startling difference in the amounts of available deductions between corporate and personal is an example of how Congress caters to those that donate. Some Congressmen were trying to increase personal loss deductions, but that was shut down by Democrats.

Also, Amazon makes large donations to various things, and that is also deductible. This pisses off the libs and dems, even though Bezos is a lib himself. But libs are only libs when its other peoples' money.

t. accountant.

paper towels. See pic.

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Not so poor I have to work at Amazon, thank fuck.
See wnycstudios.org/story/brown-box

This is pretty much standard operating procedure for any large corporation.

they're investing in automation to eliminate those jobs u stupid fucking shill

how much does bezos pay these amazon shills?

so what, bitch

>sucking up to Amazon this hard
little did this user know ppl like Bezos are the reason behind the surge of SJW's and the West being turned into a 3rd world shithole due to corporate interest

There was some user from Chile a couple months ago who described what it was like to work at an Amazon call centre, the cult-like work-environment, the frequent suicides, the rampant drug and alcohol use, the despair, the absolute horror.
They're opening up new centres in Haiti so they can pay their employees as little as possible.
It's a retail monopoly and needs to be broken up. I think it was in New Jersey where they had to actually INCREASE taxes to pay for how much they were giving Amazon to build a warehouse there.
It's a Boomer dystopian nightmare.
Based Hungary

This lol. I'm in your country getting paid gibs, fucking your women, living in free housing and there isn't a single thing you can do about it because whitey loves it when the Jews don't pay their taxes

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some user shared a story how in Spain their workers went on strike, Amazon in turn turned to the police asking them to put an end to it. Spaniard police not being used to US corporate shenanigans were baffled at the request, they'd agreed to maintain a peace keeping presence but not intervene as Bezos' personal thugs lmao this is your brain on sucking corporate cock

You lying faggots have no shame lol

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Even the left suck corporate cock now. It's quite bizarre. I'm used to the Ayn Rand fanbois holding up the free market as the answer to everything and thinking that endless economic growth will solve all our problems, but when was the last time you heard a leftist talking about globalisation or any environmental issue that wasn't global warming? When was the last time you heard a leftist talking about working conditions?

>they pay far more in taxes
...but not Federal income taxes.
Those they pay zero, which is *way* less than the Peasants pay.

>reinvesting their profits
oh you starry-eyed idealist

If you count every employee, yes. Nobody paid any taxes at all ever. Working for Amazon is a tax free salary.

>If a tax attorney can save you hundreds of millions...
>you'd shell out millions for the benefit too, wouldn't you?
This is not about me, faggot. This is about a multi-billion-dollar
corporation gaming the system. Try to focus.

>Its in the bought and paid-for tax code.
FTFY

Taxes are for poor people.

That is true, but it's more of an indictment of
large corporations than an excuse for Amazon.

That's not true, most people pay 0 federal income tax, many pay -50%

Who allowed Amazon to do that? Amazon themselves?

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so say good-bye to your precious jobs, bitch

While he is “the wealthiest man” all his wealth is tied up in his company. All it would take is enough people to decide he is a disgusting Jew and quit buying his shit and that company just becomes the world’s largest liability. IOW he can go from the top to the “world’s poorest man” overnight. We should do it to him just to produce a little humility in these libtard billionaires.

Do *you* pay zero Federal income tax?
I don't, and I don't know anyone who does.
Where do you get your bullshit information?

Endless economic growth is the only way to keep pace with endless population growth. IMHO which is why tying the economy to a fixed commodity like gold was only helpful up to a point. The money suppply has to match everything else in a growing country. The problem in all human history is once they realize they can create money out of thin air they never stop but go too far. Every. Fucking. Time.

The bottom half pay pretty close to zero. The bottom ten per cent pay negative taxes.

No, they received a rebate.
They over payed and received money back.
Socialists btfo

Bullshit.
I'm in the fucking bottom half, and I don't pay *pretty close to zero*, you moron.

U're mum lmao

Because the people you a referring to as leftists are just social justice obssesed neolibs who have taken over the left wing post Clinton/Blair.

Social Dems like Bernie and Corbyn, and actual commies talk about working conditions all the time.

They also received over 100 million

never forget goy

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I'm a neet so I don't pay income tax, but check it out for yourself, most people with jobs pay no income tax and many pay a negative rate, back when I had a job I got about $10,000 back because of credits that made my federal income tax rate about -25%

As a covert gov subsidiary, they receive instead of paying...and all the reinvestment story is bs to hide the fact they got new supply of military grade spying hardware to incorporate in their system and track "customers" with improved accuracy

>most people with jobs pay no income tax
That is just so much bullshit.
Just where do you think Federal revenue comes from?

90% of the revenue comes from the 1%. Educate yourself or get screwed

>90% of the revenue comes from the 1%
That is a fucking lie, and you are a fucking liar.
Educated or not, a lot of us get screwed, Sherlock.

Only rich people and people without kids pay federal income tax

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Have some kids chump

Having kids is *way* more expensive than taxes, chump.

Good for them. Taxation is theft.

marketwatch.com/story/81-million-americans-wont-pay-any-federal-income-taxes-this-year-heres-why-2018-04-16

it is very true. If you are making less than 30k a year and still paying federal income tax, you are either an idiot or an ignoramus .

taxfoundation.org/top-1-percent-pays-more-taxes-bottom-90-percent

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Not true at all, learn about tax credits, dummy

he doesn't even know about that child tax credits as well as the other programs that literally give you money if you have kids and make under 45k... ohhhh boy

Amazon also gets Subsidy to ship USPS

>I'm a neet
...and you have an opinion about taxation?

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Looks like batboy

Learn about moving out of Mom's basement, dummy.

>literally give you money
>literally

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You mean that half black kid from the coal-burning image, don't you?! Fuck I love this board.

Found the newfag.

you first
by looking up welfare cliffs.
This is just one of many such cases.

yes it is literally. because it is a note o fiat... fucking idiot.

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>Refundable tax credits
>Litteraly
Choose 2

But what you pay get’s averaged in to those who pay $2-3 K in “negative taxes. So on average the bottom half pays nothing. What you do is irrelevant (as always).

Found the luddite.

maybe i can help you.
type into your boomer google machine the following queries.
>what is the welfare cliff
>what is a bank note
>what is a fiat currency
>what is a marginal tax rate

>a note o fiat
fucking idiot

>Endless population growth
Why is it assumed that our population growth will be endless or exponential? It can't continue to be forever and it shouldn't continue to be. The truth is our society and politicians have handed over our ideals and control to global elites on the lie that the economy and money is EVERYTHING and the only thing that matters; our nation has been made slaves the capitalist system that simply used to be our economic tool, not our reason for existing.

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>what is a fucking idiot

do you not know what a bank note is?
look at the next dollar bill in your wallet, if you have one.
you are financially illiterate. I am trying to help you, others won't be so nice.

Pic related demonstrates how our current system encourages the poor to procreate and discourages the lower middle class. And we wonder why we are smothered in feral savages. We should all be shot for our own stupidity.

We don’t have any mechanism to reduce our population at present and we have3 one party of idiots that is hell bent on increasing our numbers of poor illiterates for decades with more than a little help from billionaires in the GOP.

"This note is legal tender for all debts, public and private"
aka, it is backed up by legal literature and is promised to have the value of the bill.

it has the signature of the Secretary of the Treasury to make it official.

it is literally a note.

We decry our history of savagery in our feudal past but it occurs to me the life of a peasant might not be all that bad. The “Lord” owns the land and you farm it for him. He takes half. As opposed to the “freeman” who works his own land but pays half to “The Lord” which is now called The Mayor or The Governor. What the hell is the difference to the peasant? And how free is the “freeman”? Geography is always the reason ideology is only an excuse.

they stopped that after Feinstein and the Clintons got rich off of selling the blue collar working stiffs out to chinese slaves. And, of course, pocketing many millions of dollars for themselves for all that help getting China their favorited status in the WTO. All it took was setting up a corporate-backed caste of SJW priests whose agenda was to spread socjus and white guilt and suddenly wtf liberals love corporations now and Tibet is rightful Chinese clay.

>I am trying to help you
You are of no help, so fuck off.
I am in the bottom third of income, and I pay
Federal income tax; but you and your fellow
morons are trying to convince me that I don't.
How does your attempt at deceit benefit you?

Jeff it’s late, you have a business to run and a divorce to manage.

How else could you expect them prevent competition and lower the average wages of areas they operate in?

Seriously though big companies are effectively subsidized for the sole purpose of ushering in a more globalized single economy those in positions of power see themselves or their children controlling at the end of the day.

you are paying federal taxes because you are not looking enough to ensure that you don't. You don't know where to even begin to do so. I suggest you look into it. Also filing a federal income tax form is not the same as paying the federal income tax, but you likely use something like turbo tax, or have it automatically deducted by your boss through withholding. You can get around this by filing your taxes on your own and making sure you have the expenditures written off as expenses, or having proper deductibles in a vast number categories many of which are easy and capable of being interpreted broadly. I am not being deceitful, I am being truthful. Sometimes the truth hurts and it feels like someone just gave you a black eye. Let it motivate you to not get screwed over anymore. It is your money, you made it, don't let the tax man take more of it than you actually owe.

That's not how tax loss carry forward works. Companies pay at a corporate tax rate, if they don't make any profits they don't pay. Tax carry forward allows them to deduct future taxes based on past year losses. They pay no taxes in the years they lost money, with or without tax carry forward.

I really hope you're not an accountant.

I like to drop this tennis ball from the Empire State Building on to the top of that head

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Also Amazon has been profitable before 2011, and tax carry forward only lasts 7 years. They paid slightly negative taxes because of, according to their AR, certain undisclosed tax credits.

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>I am not being deceitful
...but you're talking about *expenditures* written off as *expenses*,
and having proper *deductibles*, all of which are tax-avoidance deceptions.
I lead a simple life. I have no *expenditures*, no *expenses*,
and no *deductibles* with which to deceive the IRS.

Amazon is a corporation and obtain a massive number of benefits from being treated as such. Incorporation is a privilege invented and supported by the federal and state governments.
Paying $0 in taxes, because they managed to loophole their way out of taxes, while benefiting from all of the benefits of incorporation, is a bastardization of the free market.

>Free market
>Taxes

Choose one

>corporations (a legal entity that cannot exist without government)
>free market (a form of the market that can exist without a government)
No, you pick one faggot.

>what is EBIT?
Fucking retard