Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits

Forum rules
Keep News and Politics about News and Politics.

Do not post full articles from other websites. Always link back to the source

Discuss things respectfully and take into account that each person has a different opinion.

Remember that this is a place for everyone to enjoy. Don’t try and run people off of the site. If you are upset with someone then utilize the foe feature.

Report when things come up.

Personal attacks are against guidelines however attacks need to be directed at a member on the forum for it to be against guidelines. Lying is not against guidelines, it’s hard for us to prove someone even did lie.

Once a topic is locked we consider the issue handled and no longer respond to new reports on the topic.
Locked Previous topicNext topic
Lemons
Donated
Donated
Princess
Princess
Posts: 11250
Joined: Mon May 21, 2018 11:22 pm

Unread post

For all of you who were so upset that Amazon and Whole Foods are forced to pay $15/hour to their employees, take solace in the fact that they don't pay taxes.

According to Forbes Magazine -
Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00.

According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won’t have to pay a cent in federal taxes for the second year in a row.

This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017 and 2018.

To top it off, Amazon actually reported a $129 million 2018 federal income tax rebate—making its tax rate -1%.
According to Donald Trump -
Donald J. Trump
✔
@realDonaldTrump
I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!
But save your scorn for the working class. OK.
Top
Deleted User 670

Unread post

That's just all kinds of F***ing wrong. Corporate welfare needs to end. It's killing this country.
Top
Billie.jeens
Princess Royal
Princess Royal
Posts: 6372
Joined: Tue Jul 17, 2018 11:38 am

Unread post

In reality Corporations never pay taxes -

People pay taxes .
“Modern journalism is all about deciding which facts the public shouldn’t know because they might reflect badly on Democrats."
Top
Carpy
Regent
Regent
Posts: 4199
Joined: Mon May 21, 2018 5:26 am

Unread post

How many of you enjoy that "free" shipping?
Top
Pjmm
Donated
Donated
Princess
Princess
Posts: 19012
Joined: Mon May 21, 2018 6:31 am

Unread post

I don't want to hear another goddamn word about EIC recipients. If Amazon can reap these benefits then by God the poor can have theirs. I've always said it's the middle class that pays taxes along with the small businessmen. And it's a F***ing disgrace. Amazon should stop its whining.
Top
EarlGrayHot
Regent
Regent
Posts: 3111
Joined: Mon May 21, 2018 10:12 am

Unread post

Stop with the complaining about the Postal service though. The Postal Service made a deal with Amazon-it's not as if they somehow did an end run around the rules or something. According to several source the Postal Service actually makes money on Amazon deliveries. Certainly don't go by the buffoon in the White House -he is clueless about what is going on.
Top
Carpy
Regent
Regent
Posts: 4199
Joined: Mon May 21, 2018 5:26 am

Unread post

EarlGrayHot wrote: ↑Fri Mar 08, 2019 11:22 am Stop with the complaining about the Postal service though. The Postal Service made a deal with Amazon-it's not as if they somehow did an end run around the rules or something. According to several source the Postal Service actually makes money on Amazon deliveries. Certainly don't go by the buffoon in the White House -he is clueless about what is going on.
Where was that mentioned?
Top
Lemons
Donated
Donated
Princess
Princess
Posts: 11250
Joined: Mon May 21, 2018 11:22 pm

Unread post

Carpy wrote: ↑Fri Mar 08, 2019 7:57 am How many of you enjoy that "free" shipping?
You know it’s not free right? It’s added to the price of the item. And people need to shop local as much as they can. And that doesn’t mean nasty Walmart.
Top
Fliptopz4
Countess
Countess
Posts: 406
Joined: Tue Jun 12, 2018 7:26 am

Unread post

pinkbutterfly66 wrote: ↑Thu Mar 07, 2019 7:17 pm That's just all kinds of f*ck wrong. Corporate welfare needs to end. It's killing this country.
This should help!
https://www.forbes.com/sites/stephanied ... 3b141e54d5
Top
Fliptopz4
Countess
Countess
Posts: 406
Joined: Tue Jun 12, 2018 7:26 am

Unread post

Its miss leading to say they pay no taxes, because they do pay,

https://www.forbes.com/sites/stephanied ... 3b141e54d5
Top
Locked Previous topicNext topic

Return to “News & Politics”