Youngcoach123 Posted June 2, 2020 Share Posted June 2, 2020 Saw this on another thread and wanted to get more input. do they or do they not pay taxes? also, don’t they have a gov contract? I could see federal taxes being a wash. any thoughts or input is welcome. Link to comment Share on other sites More sharing options...
Monte1076 Posted June 2, 2020 Share Posted June 2, 2020 The answer seems complicated: https://www.cnbc.com/2019/04/03/why-amazon-paid-no-federal-income-tax.html https://www.forbes.com/sites/stephaniedenning/2019/02/22/why-amazon-pays-no-corporate-taxes/#27298dd954d5 1 Link to comment Share on other sites More sharing options...
BlahBlah Posted June 2, 2020 Share Posted June 2, 2020 I really don't see Amazon fighting this bad image. That speaks volumes. Link to comment Share on other sites More sharing options...
BoyzNdaHood Posted June 2, 2020 Share Posted June 2, 2020 I don't even use Amazon.... ebay for me Link to comment Share on other sites More sharing options...
Youngcoach123 Posted June 2, 2020 Author Share Posted June 2, 2020 1 hour ago, BlahBlah said: I really don't see Amazon fighting this bad image. That speaks volumes. Is it a bad image? How so? i think it’s a worse imagine that everything the sell is from China. Link to comment Share on other sites More sharing options...
BoyzNdaHood Posted June 2, 2020 Share Posted June 2, 2020 And it will continue to be that way til prices drastically get lowered Link to comment Share on other sites More sharing options...
BlahBlah Posted June 2, 2020 Share Posted June 2, 2020 4 minutes ago, Youngcoach123 said: Is it a bad image? How so? i think it’s a worse imagine that everything the sell is from China. Amazon can produce their tax records for 2018, but don't. I see you fighting for them, but not Amazon. Link to comment Share on other sites More sharing options...
Youngcoach123 Posted June 2, 2020 Author Share Posted June 2, 2020 You can’t lower our prices unless you drastically drop regulations, and that won’t work for some industries. You have to tariff the heck out of China and raise there prices to ours. Link to comment Share on other sites More sharing options...
BlahBlah Posted June 2, 2020 Share Posted June 2, 2020 4 minutes ago, JETT said: And it will continue to be that way til prices drastically get lowered It is not just pricing or labor cost. In China they don't care about how much pollution you dump in the water or air. Don't forget Health Insurance and no OSHA over there in China also. 1 Link to comment Share on other sites More sharing options...
BlahBlah Posted June 2, 2020 Share Posted June 2, 2020 1 minute ago, Youngcoach123 said: You can’t lower our prices unless you drastically drop regulations, and that won’t work for some industries. You have to tariff the heck out of China and raise there prices to ours. You have to be specific on what regulations to get rid of. The ones where you can't dump your waste in the water or air ? Link to comment Share on other sites More sharing options...
Youngcoach123 Posted June 2, 2020 Author Share Posted June 2, 2020 Just now, BlahBlah said: You have to be specific on what regulations to get rid of. The ones where you can't dump your waste in the water or air ? Right, or worker protection laws. I don’t think we need to get rid of any of those. But in some industries it’s way more intrusive than that. Link to comment Share on other sites More sharing options...
Youngcoach123 Posted June 2, 2020 Author Share Posted June 2, 2020 2 minutes ago, BlahBlah said: It is not just pricing or labor cost. In China they don't care about how much pollution you dump in the water or air. Don't forget Health Insurance and no OSHA over there in China also. Agreed, we have to take the ability of there’s to make cheap products and under cut Americans by use of tariffs. Link to comment Share on other sites More sharing options...
BlahBlah Posted June 2, 2020 Share Posted June 2, 2020 Just now, Youngcoach123 said: Agreed, we have to take the ability of there’s to make cheap products and under cut Americans by use of tariffs. Ever watch Shark Tank? The panel always wants to the start-up company over seas to make more money. Link to comment Share on other sites More sharing options...
Youngcoach123 Posted June 2, 2020 Author Share Posted June 2, 2020 1 minute ago, BlahBlah said: Ever watch Shark Tank? The panel always wants to the start-up company over seas to make more money. If I started up a company I would do the same. That is the rules set by our gov for citizens to play by. The gov can and should change those rules. 2 Link to comment Share on other sites More sharing options...
threejs Posted June 2, 2020 Share Posted June 2, 2020 If you know how to read an SEC Form 10K, you can find the answer about Amazon and taxes without google's help. Amazon.com has their Annual Report for 2019 on it. The Securities and Exchange Commission (SEC) has a search function as well. Good luck. Link to comment Share on other sites More sharing options...
Coach Rab Posted June 3, 2020 Share Posted June 3, 2020 Check this one out... https://itep.org/60-fortune-500-companies-avoided-all-federal-income-tax-in-2018-under-new-tax-law/ Link to comment Share on other sites More sharing options...
Coach Rab Posted June 3, 2020 Share Posted June 3, 2020 Our government rewards billion dollar companies while taxing the piss out of small business Link to comment Share on other sites More sharing options...
BoyzNdaHood Posted June 3, 2020 Share Posted June 3, 2020 24 minutes ago, MavGrad99 said: Our government rewards billion dollar companies while taxing the out of small business Yep.... rigged system Link to comment Share on other sites More sharing options...
threejs Posted June 3, 2020 Share Posted June 3, 2020 per Amazon 10k - Cash taxes paid (net of refunds)for 2017 was $957 million.... for 2018 was $1.2 billion....for 2019 is was $881 million...page 63 Link to comment Share on other sites More sharing options...
ObiOne Posted June 3, 2020 Share Posted June 3, 2020 16 minutes ago, threejs said: per Amazon 10k - Cash taxes paid (net of refunds)for 2017 was $957 million.... for 2018 was $1.2 billion....for 2019 is was $881 million...page 63 Sounds like they are paying a decent little amount of taxes! Link to comment Share on other sites More sharing options...
Coach Rab Posted June 3, 2020 Share Posted June 3, 2020 51 minutes ago, ObiOne said: Sounds like they are paying a decent little amount of taxes! Yes... and no one really says anything. But if Trump disclosed his, it would be mass hysteria. I know Trump paid little to no taxes... he used the advantages of the system just like these other billionaires. I would like to see him fix some of these holes. I don’t care if Amazon only pays $14m in taxes, it’s more than 0. im telling you guys, we need a straight across the board tax. 7-10% sales tax on everything for the individual and 20% tax on all for profit businesses. Completely trash the IRS. 1 Link to comment Share on other sites More sharing options...
BoyzNdaHood Posted June 3, 2020 Share Posted June 3, 2020 6 minutes ago, MavGrad99 said: Yes... and no one really says anything. But if Trump disclosed his, it would be mass hysteria. I know Trump paid little to no taxes... he used the advantages of the system just like these other billionaires. I would like to see him fix some of these holes. I don’t care if Amazon only pays $14m in taxes, it’s more than 0. im telling you guys, we need a straight across the board tax. 7-10% sales tax on everything for the individual and 20% tax on all for profit businesses. Completely trash the IRS. He's not going to fix these holes, it would mean he'd have to pay in as well and we all know he doesn't.... i recall during the debates he was asked if he'd release his taxes im pretty sure he said yes they were working on it..... still waiting, makes me not want to pay mine... no one is above the law they say hmmmmm..... Link to comment Share on other sites More sharing options...
ObiOne Posted June 3, 2020 Share Posted June 3, 2020 53 minutes ago, MavGrad99 said: Yes... and no one really says anything. But if Trump disclosed his, it would be mass hysteria. I know Trump paid little to no taxes... he used the advantages of the system just like these other billionaires. I would like to see him fix some of these holes. I don’t care if Amazon only pays $14m in taxes, it’s more than 0. im telling you guys, we need a straight across the board tax. 7-10% sales tax on everything for the individual and 20% tax on all for profit businesses. Completely trash the IRS. I wish we could come up with some sort of flat tax and abolish the IRS. Too much lobbying money for that to happen thought. Link to comment Share on other sites More sharing options...
CarthDawg77 Posted June 3, 2020 Share Posted June 3, 2020 16 minutes ago, ObiOne said: I wish we could come up with some sort of flat tax and abolish the IRS. Too much lobbying money for that to happen thought. They NEED to outlaw Lobbying... 1 Link to comment Share on other sites More sharing options...
Coach Rab Posted June 3, 2020 Share Posted June 3, 2020 1 hour ago, ObiOne said: I wish we could come up with some sort of flat tax and abolish the IRS. Too much lobbying money for that to happen thought. We did. No one wanted with $$$ wanted to support Mike Huckabees run for president with the Fair Tax. Link to comment Share on other sites More sharing options...
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