Shekel Cuckery

[Speaker to Animals]

Now, I am not really a huge fan of directly taxing corporations, but as long as we do have such a thing, it's quite ridiculous that Amazon is paying zero federal taxes for a second year in a row.

According to a report from the Institute on Taxation and Economic Policy (ITEP), Amazon (AMZN) will pay nothing in federal income taxes for the second year in a row.

Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal tax responsibility is 21% (down from 35% in previous years). But with the help of tax breaks, Amazon won’t be paying a dime to Uncle Sam despite posting more than $11 billion in profits in 2018.

How is that possible?

“It’s hard to know exactly what they’re doing,” said Steve Wamhoff, ITEP’s Director of Federal Tax Policy. “In their public documents they don’t lay out their tax strategy. So it’s unclear exactly which breaks [the company is taking advantage of]. They vaguely say tax credits. One could think of many different ways a corporation could do this, like the depreciation breaks which were expanded under TCJA.”

https://finance.yahoo.com/news/amazon-t ... 37770.html


That's "socialism" for the wealthy in a nutshell. Subsidized labor via welfare for working adults who are not paid enough to live above poverty. Tax subsidies to build headquarters and campuses around the country. Tax breaks from state and local governments to "bring jobs" that don't really seem to actually be jobs for locals anyway unless they are the minimum wage kind.

5.6 billion in profits last fiscal year. Exactly $0.00 in taxes. Lots of subsidies, though!

[SuburbanFarmer]

Welcome to the Merchant State. Enjoy your choices and freedom, citizen.

[nmoore63]

Corporate income tax rate should be 0%.

[Speaker to Animals]

Corporate income tax rate should be 0%.

And I agree with that. But as long as we even have a corporate income tax, this is unacceptable. Did Moore Furniture have to pay income tax? Probably. Why shouldn't Amazon?

[nmoore63]

Corporate income tax rate should be 0%.

And I agree with that. But as long as we even have a corporate income tax, this is unacceptable. Did Moore Furniture have to pay income tax? Probably. Why shouldn't Amazon?

Government shouldn’t be allowed to selectively exempt taxation.

Should violate equal protection and privileges and immunities clause.

Seems to me Amazon is being granted a privilege not extended to Moore furniture and as such is a constitutional violation.

[Speaker to Animals]

Corporate income tax rate should be 0%.

And I agree with that. But as long as we even have a corporate income tax, this is unacceptable. Did Moore Furniture have to pay income tax? Probably. Why shouldn't Amazon?

Government shouldn’t be allowed to selectively exempt taxation.

Should violate equal protection and privileges and immunities clause.

Seems to me Amazon is being granted a privilege not extended to Moore furniture and as such is a constitutional violation.

I agree. But they have more money to lobby for special exemptions.

[SuburbanFarmer]

Corporate income tax rate should be 0%.

And I agree with that. But as long as we even have a corporate income tax, this is unacceptable. Did Moore Furniture have to pay income tax? Probably. Why shouldn't Amazon?

Government shouldn’t be allowed to selectively exempt taxation.

Should violate equal protection and privileges and immunities clause.

Seems to me Amazon is being granted a privilege not extended to Moore furniture and as such is a constitutional violation.

The law has nothing to do with it.

[nmoore63]

And I agree with that. But as long as we even have a corporate income tax, this is unacceptable. Did Moore Furniture have to pay income tax? Probably. Why shouldn't Amazon?

Government shouldn’t be allowed to selectively exempt taxation.

Should violate equal protection and privileges and immunities clause.

Seems to me Amazon is being granted a privilege not extended to Moore furniture and as such is a constitutional violation.

The law has nothing to do with it.

The Law has everything to do with government action.

[SuburbanFarmer]

Government shouldn’t be allowed to selectively exempt taxation.

Should violate equal protection and privileges and immunities clause.

Seems to me Amazon is being granted a privilege not extended to Moore furniture and as such is a constitutional violation.

The law has nothing to do with it.

The Law has everything to do with government action.

You’re so silly.

[nmoore63]

The law has nothing to do with it.

The Law has everything to do with government action.

You’re so silly.

Perhaps what’s silly is the idea that equality is an inherit quality of the Law.