Coach Tuesday Posted February 17, 2019 Share Posted February 17, 2019 http://fortune.com/2019/02/14/amazon-doesnt-pay-federal-taxes-2019/ I know many of you would rather focus with bloodthirsty zeal on hoards of so-called rapists coming over the border to find white women, but I thought I'd post an actual, real problem that the demagogues don't want us to focus on. What do we think about it? Amazon's tax strategies most surely are fully legal - and is that a problem? I'm surprised (I guess, actually I'm not surprised) that the "drain the swamp" crowd isn't more focused on this kind of issue. I'm not sure where I fall on it - I cannot stand progressive politics that chase businesses out of communities that need them (see, e.g.., Amazon in Long Island City and Buffalo from 1980-2015), but it also seems galling that tax laws (and loopholes) allow the biggest earners (corporate and individual) to shirk the obligations the rest of us face. Thoughts? Link to comment Share on other sites More sharing options...
Nanker Posted February 17, 2019 Share Posted February 17, 2019 Can we see Amazon’s tax returns? I wonder what write offs they’re taking. The depreciation on their warehouses must be considerable. How is their A Prime revenue accounted for? I’m going to get a copy of their AR and have a look-see. 1 Link to comment Share on other sites More sharing options...
Coach Tuesday Posted February 17, 2019 Author Share Posted February 17, 2019 10 minutes ago, Nanker said: Can we see Amazon’s tax returns? I wonder what write offs they’re taking. The depreciation on their warehouses must be considerable. How is their A Prime revenue accounted for? I’m going to get a copy of their AR and have a look-see. They also had like a decade plus of unprofitability (despite huge revenue), so they may have engaged in a strategy designed to carry the losses forward? Curious to hear what you find. Link to comment Share on other sites More sharing options...
Teddy KGB Posted February 17, 2019 Share Posted February 17, 2019 Hey look it’s coach calling everyone racist again. 2 1 Link to comment Share on other sites More sharing options...
BringBackOrton Posted February 17, 2019 Share Posted February 17, 2019 “I want to hear your thoughts and arguments in good faith, you racist deplorable pieces of *****” Buddy, this is why no one likes you here. You’re gator-premium. 1 Link to comment Share on other sites More sharing options...
bilzfancy Posted February 17, 2019 Share Posted February 17, 2019 So you don't think rapists and murderers are crossing the border? Some of the stupidity on here never ceases to amaze me. Link to comment Share on other sites More sharing options...
Q-baby! Posted February 17, 2019 Share Posted February 17, 2019 Oh look.....all the Trumptards have come out to attack again. Get back in you holes losers! Answer the question jerks! Link to comment Share on other sites More sharing options...
meazza Posted February 17, 2019 Share Posted February 17, 2019 1 hour ago, BigMcD said: Oh look.....all the Trumptards have come out to attack again. Get back in you holes losers! Answer the question jerks! How’s snc Lavalin doing ? Link to comment Share on other sites More sharing options...
Coach Tuesday Posted February 17, 2019 Author Share Posted February 17, 2019 2 hours ago, Teddy KGB said: Hey look it’s coach calling everyone racist again. How about you answer the question Ryan? I know it’s not a Tyrod thread but still... Link to comment Share on other sites More sharing options...
Deranged Rhino Posted February 17, 2019 Share Posted February 17, 2019 11 minutes ago, Coach Tuesday said: How about you answer the question Ryan? I know it’s not a Tyrod thread but still... Hey, remember when you promised to read the FISC opinion memo months and months ago so you could learn what the Trump/Russia story was all about? That was neat. Did you ever read it? Or were you too busy worried about the Russians stealing the election? 2 1 Link to comment Share on other sites More sharing options...
GG Posted February 17, 2019 Share Posted February 17, 2019 Gee, I wonder if chicken ***** @Coach Tuesday will return to argue his points after the usual drive-by's. Such as detailing the exact portions of the tax code that Amazon is apparently skirting. I'll wait. Or better yet, we can set a new rule on PPP. If a poster starts more than two drive-by threads, they're be banned from this forum, since we're not allowed to ridicule them on the main site. 3 1 Link to comment Share on other sites More sharing options...
4merper4mer Posted February 17, 2019 Share Posted February 17, 2019 2 hours ago, Coach Tuesday said: They also had like a decade plus of unprofitability (despite huge revenue), so they may have engaged in a strategy designed to carry the losses forward? Curious to hear what you find. I'm sure this is part of it, and frankly consider it legitimate. I don't know if is all of it. How much did Amazon add to sales tax coffers I wonder. Credits for past losses will someday run out and it sure looks like Amazon will be making a lot of money moving forward so patience will net a good sum. Now back to bloodthirsty zeal..... 1 Link to comment Share on other sites More sharing options...
sherpa Posted February 17, 2019 Share Posted February 17, 2019 Amazon is a publicly traded company. Its financial statements are a matter of public record, and are available. By the way, Amazon has never been an income company, at least to date. It has always been about accumulating market share over profit, so tax payments are what they are. 2 Link to comment Share on other sites More sharing options...
The_Dude Posted February 17, 2019 Share Posted February 17, 2019 (edited) 3 hours ago, Coach Tuesday said: http://fortune.com/2019/02/14/amazon-doesnt-pay-federal-taxes-2019/ I know many of you would rather focus with bloodthirsty zeal on hoards of so-called rapists coming over the border to find white women, but I thought I'd post an actual, real problem that the demagogues don't want us to focus on. What do we think about it? Amazon's tax strategies most surely are fully legal - and is that a problem? I'm surprised (I guess, actually I'm not surprised) that the "drain the swamp" crowd isn't more focused on this kind of issue. I'm not sure where I fall on it - I cannot stand progressive politics that chase businesses out of communities that need them (see, e.g.., Amazon in Long Island City and Buffalo from 1980-2015), but it also seems galling that tax laws (and loopholes) allow the biggest earners (corporate and individual) to shirk the obligations the rest of us face. Thoughts? I think you’re a jackass. Edited February 17, 2019 by The_Dude Link to comment Share on other sites More sharing options...
IDBillzFan Posted February 17, 2019 Share Posted February 17, 2019 8 minutes ago, GG said: Or better yet, we can set a new rule on PPP. If a poster starts more than two drive-by threads, they're be banned from this forum, since we're not allowed to ridicule them on the main site. I like this idea a lot. You have to wonder how much @Coach Tuesday would whine if people jumped into the football side of the board and started a thread like "Kaepernick Sucks At Football And Only Took A Knee Because He Knew He Was Getting Canned!" with a link to Kaep's stats...and then disappear for the rest of the thread. Surely he would see the value in that kind of idiocy. 1 Link to comment Share on other sites More sharing options...
unbillievable Posted February 17, 2019 Share Posted February 17, 2019 The memo has been sent to the MSM: Amazon is now public enemy #1 for embarrassing Democrats. 4 Link to comment Share on other sites More sharing options...
KD in CA Posted February 17, 2019 Share Posted February 17, 2019 3 hours ago, Coach Tuesday said: They also had like a decade plus of unprofitability (despite huge revenue), so they may have engaged in a strategy designed to carry the losses forward? Curious to hear what you find. Tax loss carryovers requires about as much strategy as running a QB sneak on 4th and inches. By the way, individuals can do that too. Every year or so we need the media to stir up the idiots about some tax story they don’t understand. Remember all the outrage from idiots because Goodell made $30m at a ‘non-profit’? 3 minutes ago, unbillievable said: The memo has been sent to the MSM: Amazon is now public enemy #1 for embarrassing Democrats. Exactly Link to comment Share on other sites More sharing options...
The_Dude Posted February 17, 2019 Share Posted February 17, 2019 4 minutes ago, unbillievable said: The memo has been sent to the MSM: Amazon is now public enemy #1 for embarrassing Democrats. I am FINE with the Democrats making one of the largest, most powerful companies hate them. Link to comment Share on other sites More sharing options...
GG Posted February 17, 2019 Share Posted February 17, 2019 5 minutes ago, 4merper4mer said: I'm sure this is part of it, and frankly consider it legitimate. I don't know if is all of it. How much did Amazon add to sales tax coffers I wonder. Credits for past losses will someday run out and it sure looks like Amazon will be making a lot of money moving forward so patience will net a good sum. Now back to bloodthirsty zeal..... Yeah, those pesky US tax laws that allow companies to carry forward accumulated net losses for up to ten years, including the R&D tax credit signed into law by the Golden Child.. Here's some back of the envelope data on real taxes paid - In total, Amazon paid over $1 billion in income taxes sales tax in 2018. It has an estimated 350,000 us employees for which is paid over $750 million in payroll taxes. It's roughly $125 billion in US sales generate over $3 billion in local sales taxes. It's 3rd party merchants generate about $140 billion in annual sales which probably delivers another $5 billion in annual taxes. And those are just income and payroll taxes. But, yeah, Amazon is a net taker. F'ng morons. 4 Link to comment Share on other sites More sharing options...
KD in CA Posted February 17, 2019 Share Posted February 17, 2019 2 hours ago, BigMcD said: Oh look.....all the Trumptards have come out to attack again. Get back in you holes losers! Answer the question jerks! Go read their financials moron, the ‘question’ is fully answered there. Link to comment Share on other sites More sharing options...
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