Amazon's less-than-zero tax rate is unacceptable

**signalmankenneth** · 06-23-2019, 06:02 PM

Damn, I paid more federal taxes than Amazon?!!

(CNN)Vice President Joe Biden is right to join the chorus of other leading Democratic presidential candidates, such as Sens. Elizabeth Warren and

in criticizing the fact that Amazon paid no federal income taxes in 2018. Amazon, a company whose market capitalization or value has been flirting with the $1 trillion mark for some time now, had $233 billion in revenues in 2018, showed $11 billion in pure profit before taxes, and actually got a tax refund of $129 million, on account of tax losses and credits brought forward from prior years.

Nice work, if you can get it. Amazon has gotten it.

So, what is Amazon's tax rate? According to The Week, it was at 11.4% from 2011 to 2016, which was apparently too much for owner Jeff Bezos's tastes -- Amazon's 2018 income tax rate plummeted to -1%. That's a minus sign in front of the 1, signaling a negative tax rate.

https://www.cnn.com/2019/06/23/opini...ery/index.html

**Sailor** · 06-23-2019, 06:13 PM

Damn those companies for paying legitimate taxes based on laws and codes passed by Senators like Biden,Warren and all the other assholes in Congress. How fucking stupid are you Ken? Seriously, how fucking gullible are you other than being an obvious dumb fuck Democrat.

**StoneByStone** · 06-23-2019, 06:15 PM

Originally Posted by Sailor

Damn those companies for paying legitimate taxes based on laws and codes passed by Senators like Biden,Warren and all the other assholes in Congress. How fucking stupid are you Ken? Seriously, how fucking gullible are you other than being an obvious dumb fuck Democrat.

The worst thing about our two party system is that when both parties fuck us over, we have NPC cucks on both sides pointing at the other side.

**tsuke** · 06-23-2019, 07:31 PM

its pretty simple. if you want amazon to pay taxes then make it so that you cant defer losses. All of your losses can only count on the fiscal year you incurred them. But of course no one will do this as this means no one will start a business anymore as it can take years before you are profitable.