Q-baby! Posted February 17, 2019 Share Posted February 17, 2019 9 minutes ago, KD in CA said: Go read their financials moron, the ‘question’ is fully answered there. Sure, right after I read Trumps. Link to comment Share on other sites More sharing options...
keepthefaith Posted February 17, 2019 Share Posted February 17, 2019 (edited) 4 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? It's a fair question as to what specifically are the offsets (deductions) that reduce their obligation. Another fair question would by why any media reporting on this wouldn't do a bit of research first and also report the answer to the obvious question rather than simply parroting a critical Bernie Sanders statement. Says a lot about Bernie, the media and many others that have weighed in with lazy and biased reporting and rhetoric. Edited February 17, 2019 by keepthefaith Link to comment Share on other sites More sharing options...
Foxx Posted February 17, 2019 Share Posted February 17, 2019 4 minutes ago, BigMcD said: Sure, right after I read Trumps. like you would understand either one. 2 Link to comment Share on other sites More sharing options...
Q-baby! Posted February 17, 2019 Share Posted February 17, 2019 13 minutes ago, Foxx said: like you would understand either one. I guess we will never know.....because of that lying sack of *****. Link to comment Share on other sites More sharing options...
Nanker Posted February 17, 2019 Share Posted February 17, 2019 44 minutes ago, The_Dude said: I am FINE with the Democrats making one of the largest, most powerful companies hate them. Not for nothing, but a lot of Republicans are a bit put-off by this as well. Amazon's done nothing "wrong" or illegal though. 20 minutes ago, keepthefaith said: It's a fair question as to what specifically are the offsets (deductions) that reduce their obligation. Another fair question would by why any media reporting on this wouldn't do a bit of research first and also report the answer to the obvious question rather than simply parroting a critical Bernie Sanders statement. Says a lot about Bernie, the media and many others that have weighed in with lazy and biased reporting and rhetoric. The Federal tax brackets were lowered on corporations - ALL corporations. Amazon is especially crafty WRT income taxes. They didn't collect any state sales taxes until (IIRC) 2017. There's the repatriation of offshore gains that factor in as a one time non-recurring issue. They've spent billions in building and supplying massive warehouses all over the country - and world, and those assets can be depreciated. One really LARGE kicker though is the bonuses given out to management. Those are all write-offs and total in the billions (IIRC). That's where a lot of their profits got stashed. Though, to be fair the bonus payees have to pay taxes on those monies/stocks (at least eventually). Uncle Sam always gets his money. That's why you have to take RMDs from your qualified plans in the year you turn 70 1/2. It's why you can't buy an insurance policy with qualified money - that would evade taxation on the principle. Link to comment Share on other sites More sharing options...
row_33 Posted February 17, 2019 Share Posted February 17, 2019 Government tax policy can be driven by incentives to key industries that are deemed worthy of deals for the purposes of job creation, industries that are too big to fail, the arts and cultures, education and others Link to comment Share on other sites More sharing options...
KD in CA Posted February 17, 2019 Share Posted February 17, 2019 1 hour ago, BigMcD said: Sure, right after I read Trumps. Too ***** stupid to even understand what public companies are required to report and where to find it. Thanks for being such a great example of the level of intelligence of the average moron who knows nothing beyond what they are told by cable news and clickbait web blogs. Link to comment Share on other sites More sharing options...
B-Man Posted February 17, 2019 Share Posted February 17, 2019 5 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? Thoughts? My thought is, that anyone who starts a thread with these lines does not deserve a straight answer . 2 Link to comment Share on other sites More sharing options...
BringBackOrton Posted February 17, 2019 Share Posted February 17, 2019 1 hour ago, GG said: 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. Kamala Harris didn’t tell @Coach Tuesday about this, so he had no idea. Go easy on him. 3 1 Link to comment Share on other sites More sharing options...
Q-baby! Posted February 17, 2019 Share Posted February 17, 2019 9 minutes ago, KD in CA said: Too ***** stupid to even understand what public companies are required to report and where to find it. Thanks for being such a great example of the level of intelligence of the average moron who knows nothing beyond what they are told by cable news and clickbait web blogs. You’re right, I should just listen to you Trumptards for my info. No fake news there! Link to comment Share on other sites More sharing options...
sherpa Posted February 17, 2019 Share Posted February 17, 2019 6 minutes ago, BigMcD said: You’re right, I should just listen to you Trumptards for my info. No fake news there! Do you realize the ridiculousness of this post? It has been made apparent to you: -> in this thread: ->more than once: ->in case you didn't already know, that the financial disclosures of publicly traded companies are a matter of public record. Easily obtainable. You then suggest that someone has suggested that you should get your information from a group you don't like? Do you need to be hit over the head with a bat? Tax law is codified and easily obtainable. Financial statements of publicly traded companies are easily obtained. The "mystery" is in the ignorance of those who refuse to obtain the information. 1 1 Link to comment Share on other sites More sharing options...
Deranged Rhino Posted February 17, 2019 Share Posted February 17, 2019 18 minutes ago, B-Man said: My thought is, that anyone who starts a thread with these lines does not deserve a straight answer Especially when said poster has a history of irrationality and intellectual cowardice. 1 Link to comment Share on other sites More sharing options...
Koko78 Posted February 17, 2019 Share Posted February 17, 2019 So... Coach Dumbass ran away again? Link to comment Share on other sites More sharing options...
IDBillzFan Posted February 17, 2019 Share Posted February 17, 2019 I am outraged! I am furious! They have awakened a sleeping giant and I will stop using Amazon services, and I'll organize others to stop using Amazon services, and they we'll get @Coach Tuesday to get us Occupy Amazon posters, and we'll march, and we'll yell and we'll... 2 hours ago, GG said: 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. Wait. What? Oh, okay everyone. False alarm caused by our inability to understand something other than a headline. Rabble, rabble, rabble! 1 Link to comment Share on other sites More sharing options...
Q-baby! Posted February 17, 2019 Share Posted February 17, 2019 56 minutes ago, sherpa said: Do you realize the ridiculousness of this post? It has been made apparent to you: -> in this thread: ->more than once: ->in case you didn't already know, that the financial disclosures of publicly traded companies are a matter of public record. Easily obtainable. You then suggest that someone has suggested that you should get your information from a group you don't like? Do you need to be hit over the head with a bat? Tax law is codified and easily obtainable. Financial statements of publicly traded companies are easily obtained. The "mystery" is in the ignorance of those who refuse to obtain the information. I don't care about Amazon......I was commenting on a bunch of d-bags attacking someone for asking a question, without answering the question. So, ***** off asshat! How bout dat! Link to comment Share on other sites More sharing options...
Koko78 Posted February 17, 2019 Share Posted February 17, 2019 (edited) 54 minutes ago, LABillzFan said: I am outraged! I am furious! They have awakened a sleeping giant and I will stop using Amazon services, and I'll organize others to stop using Amazon services, and they we'll get @Coach Tuesday to get us Occupy Amazon posters, and we'll march, and we'll yell and we'll... Wait. What? Oh, okay everyone. False alarm caused by our inability to understand something other than a headline. Rabble, rabble, rabble! How dare you rabble, like some sort of rabble-rouser! Edited February 17, 2019 by Koko78 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: You’re right, I should just listen to you Trumptards for my info. No fake news there! Love the brilliance here....can’t even fathom the concept of learning or understanding something on his own. Troll on, ######. 1 Link to comment Share on other sites More sharing options...
3rdnlng Posted February 17, 2019 Share Posted February 17, 2019 1 hour ago, BigMcD said: I don't care about Amazon......I was commenting on a bunch of d-bags attacking someone for asking a question, without answering the question. So, ***** off asshat! How bout dat! Awwww, did your Comfort Moose run away or something? The OP is a known idiot who started a topic by insulting board members and asking us to provide him with information that was freely available online. Link to comment Share on other sites More sharing options...
sherpa Posted February 17, 2019 Share Posted February 17, 2019 1 hour ago, BigMcD said: I don't care about Amazon......I was commenting on a bunch of d-bags attacking someone for asking a question, without answering the question. So, ***** off asshat! How bout dat! Are you for real? Do you think someone wouldn't have checked? You quoted and were commenting on a post by KD in CA that clearly stated "public companies are required to report and where to find it." You were "commenting" on that. 1 Link to comment Share on other sites More sharing options...
Nanker Posted February 17, 2019 Share Posted February 17, 2019 Amazon’s 2018 Annual Report Amazon’s current Proxy Statement From AR page 75, executive compensation is contained in the Proxy Statement. That data begins on PS page 11. Now you know. Everything you need to know about Amazon’s finances is contained in these documents. Enjoy the read Coach. 1 Link to comment Share on other sites More sharing options...
Recommended Posts