I Have a Question

why did EVERYONE HERE
pay Less taxes than

Amazon, a trillion dollar company

they got 129 million BACK
no taxes at all.

thoughts?

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Mamapolo2016 · F

Because - at least part of the reason - the government(s) Federal, state and local, offer incentives to companies for new jobs, among other things, often as tax deductions.

Blame the writers of the tax code.

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Mamapolo2016 · F

@SatyrService All I know is what I read about Amazon & taxes recently.

Of course there are offerings to attract and keep businesses - until we drive them away.

Amazon was planning to hire 25,000 employees at that New York facility. That's a lot of tax money and income pouring into the economy, which is presumably what tax money is for - unless you want to use taxes to bludgeon corporations into leaving the US, so we won't have jobs, the employees' taxes OR the corporation's taxes. There is always someplace else they can go.

SatyrService · M

@Mamapolo2016 Jobs?? you mean the millions of jobs that have been sent overseas the last 20 years? where they offer them Tax Intensives and or 3rd world labor rates
that is not good for us either.
why not just pay the tax they are supposed to?
you and I have to.

here, look at this chart of negative taxes.

Mamapolo2016 · F

@SatyrService I don't know about you, but I can't hire 25,000 people.

HoraceGreenley · 61-69, M

From what I've read thus far, it appears that Amazon is still applying tax loss carry-forwards from many years of losing money. Amazon has only become profitable relatively recently. For yours it operated at a loss. Those losses can be used to offset future profits.

SW-User

@HoraceGreenley exactly correct..
They still have hundreds of millions of dollars in deferred tax assets they can use to offset future tax liabilities.

UserNameSW · 46-50, M

Simple. They hire lobbyist to ensure the government makes law policy in their favour

SatyrService · M

@UserNameSW 👍️

HoraceGreenley · 61-69, M

Good Luck unraveling the tax code

SW-User

Thats because they shift some revenue off shore legally and also because they've racked up hundreds of millions of dollars in tax write offs from past losses wich they use to offset taxes owed..

tenente · 36-40, M

@SteelHands summed it up nicely

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