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Amazon

  • Offline StroudCrowd1
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#1
02-14-2019, 01:38 PM (This post was last modified: 02-14-2019, 01:39 PM by StroudCrowd1.)

Amazon managed to pay $0 in federal taxes for 2nd straight year in a row and also pulled its HQ2 from NY.

I need to hire one of their CPA's.
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  • Offline TJBender
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#2
02-14-2019, 01:43 PM

(02-14-2019, 01:38 PM)StroudCrowd1 Wrote: Amazon managed to pay $0 in federal taxes for 2nd straight year in a row and also pulled its HQ2 from NY.

I need to hire one of their CPA's.

SC1 complaining about corporate income taxes being unfair?

Somebody slap me. I'm on a bad trip.
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  • Offline StroudCrowd1
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#3
02-14-2019, 01:45 PM

(02-14-2019, 01:43 PM)TJBender Wrote:
(02-14-2019, 01:38 PM)StroudCrowd1 Wrote: Amazon managed to pay $0 in federal taxes for 2nd straight year in a row and also pulled its HQ2 from NY.

I need to hire one of their CPA's.

SC1 complaining about corporate income taxes being unfair?

Somebody slap me. I'm on a bad trip.

I am all for tax loopholes, but come on.
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  • Offline Cleatwood
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#4
02-14-2019, 02:00 PM

(02-14-2019, 01:43 PM)TJBender Wrote:
(02-14-2019, 01:38 PM)StroudCrowd1 Wrote: Amazon managed to pay $0 in federal taxes for 2nd straight year in a row and also pulled its HQ2 from NY.

I need to hire one of their CPA's.

SC1 complaining about corporate income taxes being unfair?

Somebody slap me. I'm on a bad trip.
Duh. Only Donald is allowed to use the loopholes!
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  • Offline B2hibry
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#5
02-14-2019, 02:04 PM

(02-14-2019, 01:38 PM)StroudCrowd1 Wrote: Amazon managed to pay $0 in federal taxes for 2nd straight year in a row and also pulled its HQ2 from NY.

I need to hire one of their CPA's.

Actually, they have paid zero to very, very little since their inception. They love Research and Development exemptions and stock compensation deductions.
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  • Offline HandsomeRob86
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#6
02-14-2019, 02:08 PM

Amazon is a monopoly, and not in retail, I mean in their web hosting services. They need to be broken up.


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  • Offline Cleatwood
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#7
02-14-2019, 02:09 PM

(02-14-2019, 02:08 PM)HandsomeRob86 Wrote: Amazon is a monopoly, and not in retail, I mean in their web hosting services. They need to be broken up.
They're about to buy the rights to NFL Sunday Ticket so get ready.
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  • Offline StroudCrowd1
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#8
02-14-2019, 02:15 PM

(02-14-2019, 02:00 PM)Cleatwood Wrote:
(02-14-2019, 01:43 PM)TJBender Wrote: SC1 complaining about corporate income taxes being unfair?

Somebody slap me. I'm on a bad trip.
Duh. Only Donald is allowed to use the loopholes!

(02-14-2019, 02:09 PM)Cleatwood Wrote:
(02-14-2019, 02:08 PM)HandsomeRob86 Wrote: Amazon is a monopoly, and not in retail, I mean in their web hosting services. They need to be broken up.
They're about to buy the rights to NFL Sunday Ticket so get ready.

Is NFL ST really that popular anymore? Every person I know watches redzone.
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#9
02-14-2019, 02:30 PM

(02-14-2019, 02:00 PM)Cleatwood Wrote:
(02-14-2019, 01:43 PM)TJBender Wrote: SC1 complaining about corporate income taxes being unfair?

Somebody slap me. I'm on a bad trip.
Duh. Only Donald is allowed to use the loopholes!

The double standard here is ridiculous!
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  • Offline StroudCrowd1
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#10
02-14-2019, 02:32 PM

(02-14-2019, 02:30 PM)TheO-LineMatters Wrote:
(02-14-2019, 02:00 PM)Cleatwood Wrote: Duh. Only Donald is allowed to use the loopholes!

The double standard here is ridiculous!

A leftist talking about double standards. That is grand.
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#11
02-14-2019, 02:32 PM

(02-14-2019, 02:30 PM)TheO-LineMatters Wrote:
(02-14-2019, 02:00 PM)Cleatwood Wrote: Duh. Only Donald is allowed to use the loopholes!

The double standard here is ridiculous!

Paying 30% instead of 50-60% is a loophole.

Paying zero is big old F U to the American people.
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  • Offline TJBender
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#12
02-14-2019, 02:44 PM

(02-14-2019, 02:32 PM)StroudCrowd1 Wrote:
(02-14-2019, 02:30 PM)TheO-LineMatters Wrote: The double standard here is ridiculous!

A leftist talking about double standards. That is grand.

A Trumpist complaining about a leftist complaining about a Trumpist complaining about a double standard. Are we to the proper level of inception here? You guys get the hell out of whatever acid trip I have to be on right now. That's the only way this thread makes sense.
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  • Offline StroudCrowd1
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#13
02-14-2019, 02:45 PM

(02-14-2019, 02:44 PM)TJBender Wrote:
(02-14-2019, 02:32 PM)StroudCrowd1 Wrote: A leftist talking about double standards. That is grand.

A Trumpist complaining about a leftist complaining about a Trumpist complaining about a double standard. Are we to the proper level of inception here? You guys get the hell out of whatever acid trip I have to be on right now. That's the only way this thread makes sense.

TrivialPursuit nailed it above.
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  • Offline Adam2012
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#14
02-14-2019, 03:13 PM

Would you make up your minds! Are you socialists or not?
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  • Offline Kane
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#15
02-14-2019, 03:42 PM

They actually got a tax rebate of 129 million....

essentially giving them a tax rate of -1%

lol

From Fox News:
The world’s largest online retailer, which is worth $795 billion, earned a record $11.2 billion in U.S. profits, according to the company’s U.S. Securities and Exchange Commission (SEC) filing earlier this month,  yet did not pay the 21 percent U.S. corporate tax, thanks to leveraging unspecified tax credits and stock-based compensation deductions.

Unspecified tax credits and stock based compensation deductions.


It isn't about the tax cut, it's about them avoiding it altogether.
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  • Offline copycat
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#16
02-14-2019, 03:52 PM

(02-14-2019, 02:44 PM)TJBender Wrote:
(02-14-2019, 02:32 PM)StroudCrowd1 Wrote: A leftist talking about double standards. That is grand.

A Trumpist complaining about a leftist complaining about a Trumpist complaining about a double standard. Are we to the proper level of inception here? You guys get the hell out of whatever acid trip I have to be on right now. That's the only way this thread makes sense.

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  • Offline flsprtsgod
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#17
02-14-2019, 04:08 PM

Corporations don't pay taxes.
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  • Offline The Drifter
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#18
02-14-2019, 04:10 PM

(02-14-2019, 04:08 PM)flsprtsgod Wrote: Corporations don't pay taxes.

They pass that cost on to the consumer........
Instead of a sign that says "Do Not Disturb" I need one that says "Already Disturbed Proceed With Caution."
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  • Offline mikesez
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#19
02-14-2019, 04:55 PM (This post was last modified: 02-14-2019, 04:57 PM by mikesez.)

(02-14-2019, 04:10 PM)The Drifter Wrote:
(02-14-2019, 04:08 PM)flsprtsgod Wrote: Corporations don't pay taxes.

They pass that cost on to the consumer........

The corporation charges the highest price they feel that the consumer is willing to pay regardless of taxes.
If all of the corporations have the same marginal tax, and all the buyers of stock have the same marginal expectations of all corporations, and the market is perfectly competitive, then yes, the cost of a new tax will be passed directly to the consumer.
If any one of those things is false, the cost of the new tax is not passed on, or it could even be amplified.

They are false here. Wall St doesn't expect to receive a dividend from Amazon.  They don't even expect Amazon to buy shares back. They do expect these things from many of Amazon's competitors.

Amazon is extremely unusual.
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#20
02-14-2019, 05:11 PM

(02-14-2019, 02:32 PM)TrivialPursuit Wrote:
(02-14-2019, 02:30 PM)TheO-LineMatters Wrote: The double standard here is ridiculous!

Paying 30% instead of 50-60% is a loophole.

Paying zero is big old F U to the American people.

Geez, I can't believe some of you people blame Amazon for paying no taxes.  

Amazon has a fiduciary responsibility to their shareholders to maximize their profits, and that includes minimizing their taxes.  They're simply following the law.   You think they should just voluntarily pay more taxes than they're supposed to?  

If you don't like it, tell your congressperson to change the tax laws.   Amazon is carrying out their fiduciary responsibility to their shareholders.
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