Even if that was true, which it isn't. Amazon employees pay taxes on salaries earned which if they had no jobs would more than likely be a burden on taxpayers instead! Besides, if Amazon, or any other corporation hasn't paid tax, it means they didn't make a profit in the financial year. But apart from that, shareholders in Amazon and any other large corporation's shareholders also pay tax on dividends received.
In 2017, Amazon paid close to $1 billion in income tax. In 2018, the amount jumped to $1.18 billion, accounting for local, state, and international taxes. Amazon pays plenty in terms of payroll taxes and also state and local taxes. Nor should you forget the taxes paid by Amazon's employees on their wages.Feb 22, 2019
It's a leftists strategy to point the finger at corporations such as Amazon to show the inequality of capitalism.
Could you please provide a link to substantiate that claim. Exactly which taxes are you referring to, because Amazon paid 0, as in zero, zilch, in federal taxes in 2018.
https://finance.yahoo.com/news/amazon-taxes-zero-180337770.html
While some people have received some surprise tax bills when filing their returns, corporations continue to avoid paying tax — thanks to a cocktail of tax credits, loopholes, and exemptions.
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, according to corporate filings, Amazon won’t be paying a dime to Uncle Sam despite posting more than $11.2 billion in profits in 2018.
Declining tax revenue has only widened deficits, as national debt has ballooned up and over $22 trillion.
So, Angelo, even if your claim is correct that Amazon mysteriously paid 1.8 billion in "income tax", that's a much lower tax rate than many middle class Americans pay. Plus, corporations like Amazon, who pay little or no federal taxes, are adding to the national debt. I know you don't live in the US, but in the past American conservatives actually claimed to care about the debt and deficit. Why do you think it's okay for a very large corporation like Amazon not to have to pay any federal taxes? Do you think it's right for the middle class to pay a higher percentage of federal taxes than a huge, successful corporation? Just asking.
Please don't make claims without backing them up with evidence because we have no idea if you're making up shit or telling the truth.
And spare me the claim about the payroll tax. The payroll tax is more like an employee benefit, since it's supposed to be used to support Social Security. Very few companies have private pensions anymore, so it's very important that companies help pay for the SS retirement benefits for their employees.
