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Amazon admit they don't pay taxes

Discussion in 'BBS Hangout: Debate & Discussion' started by Senator, Mar 26, 2021.

  1. tinman

    tinman 999999999
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    Prime Members stand with Jeff
    @Os Trigonum
     
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  2. tinman

    tinman 999999999
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    The best make it to the top
    And lots of people hate the best

    There’s a reason Hakeem destroyed everyone in a one on one defense and teams had to double and triple team him.
    Then they started playing illegal defense and the refs wouldn’t call it.

    but Dream won cause Dream ruled cause he was the best big man is his time and probably all time

    Jeff Bezos is the Hakeem Olajuwon of winning

    check that mans wallet
    That’s what successfully business people do they are unstoppable

    like a dream shake or getting those protein shakes delivered free and next day at your door
     
  3. saitou

    saitou J Only Fan

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    From the tweet, these are the discussion topics I see. 1 and 2, are spilt milk and social media/political theatre. 3. is the most interesting. Do you guys agree with video warren's flat tax?

    1. Does amazon pay its fair share of taxes?
    Warren: no they take advantage of loop holes
    Amazon: yes, we qualify for the tax benefits that senators put in. Feel free to change them.
    Clausing: Amazon isn't doing anything unique.

    2. If we are unhappy with the outcomes of the tax laws who should we blame? The corps for following tax laws or Legislators for writing the tax laws? Corps for lobbying legislators, or Legislators for taking lobbyist $ and voting the way they do?

    3. If we are unhappy with current tax laws and want evil amazon to pay more, is a flat tax without loopholes better? Warren proposed a flat tax (sounding strangely libertarian), and says it would have collected more taxes if applied to Amazon in 2020. The problem is if such a tax was in place in 2020 Amazon and other growth companies would have reported less taxable income by spending more on growth, which is how shareholders value their shares. More likely it's the dividend paying companies that need to have profits to distribute dividends that will shoulder a higher tax burden. By removing tax benefits, corps also revert to pre-benefit practices e.g. less focus on EVs or whatever pet cause Legislators have and felt the need to add credits for in the past.

    If the goal is just to collect more corporate taxes from Amazon, I think you have to tax corporate revenue, but this will impact companies with lower margins like walmart even more, and will have likely have unintended consequences that people won't like (higher consumer prices, less focus on growth and more on cost cutting/profits will likely lead to retrenchment), there would also be a lot of bankruptcies of weaker companies.
     
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  4. Senator

    Senator Member

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    Marketsmith
    I'm sure other finance sites like Finviz will have the info
    But yahoo finance is not an accurate source
     
  5. Senator

    Senator Member

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    Who. Cares.

    Pay your fair share and eliminate loopholes all around.

    Otherwise it's the middle class who get squeezed, all while thinking they have a chance of being the next billionaire Elon Musk like that loser tinman. It's a fantasy.

    Just cut out loopholes and alot of social issues are solved. It really is that simple.
     
  6. saitou

    saitou J Only Fan

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    Did you even watch the video you posted? Warren contradicts your figures. By a lot. Finviz as well.

    https://finviz.com/quote.ashx?t=AMZN
     
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  7. Amiga

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    Bezos is an exceptional businessman and he himself understood "you didn't build that".

    "If you go back to when I started Amazon, all of the heavy-lifting infrastructure to support Amazon was already in place. We did not have to invent a remote payment system. It was already there. It was called the credit card," he said.

    "We did not have to invent transportation - there was this thing called the postal service," he continued. "If we had had to deploy last-mile, it would've cost hundreds of billions of dollars."

    Jeff Bezos' Space Plan: Building Infrastructure For The Next Generation (forbes.com)


    Legally compliant doesn't mean "fair share". Amazon needs to do what's best for Amazon, legally of course. That's capitalism but that doesn't mean Amazon paid their fair share. I don't know what's a fair share and I'm sure that's different for each of us, but I do know that politicians depend on donors leading to a system that's more crony Capitalism than true Capitalism.


    ps. Bezos has always been a very interesting person to me. I recall a story of him still driving a Honda Accord when he was already a Billionaire with his desk made out of an old wooden door. A frugal lifestyle? A frugal business.
     
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  8. London'sBurning

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  9. Buck Turgidson

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    Nope, not all of us.
     
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  10. dmoneybangbang

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    You ain’t wrong.... but let’s be clear you are hiding from the issue.
     
  11. dmoneybangbang

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    But Dream pays his taxes and asks for another.

    Bezos is Charles Barkley.

    99ers should feel bad for picking Barkley over Dream.
     
  12. saitou

    saitou J Only Fan

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    no hiding, i think i've already put in too much effort into a thread where the OP doesn't even watch the content he spams. y don't u state what the issue is that i'm hiding from, and what you think is the solution.
     
  13. tinman

    tinman 999999999
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    The politicians made deals with large corporations to get tax breaks in order to create jobs

    so it's hypocritical that they want to go after the ones who the most successful

    as a whole, the politicians are against all businesses, small and large .

    nobody trusts these politicians, they trust the corporations.
     
  14. peleincubus

    peleincubus Member

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  15. tinman

    tinman 999999999
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    [​IMG]
     
  16. dmoneybangbang

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    Bezos = Barkley.

    Corporations = David Stern.

    You 99ers miss the 90s brand of bball that much?
     
  17. tinman

    tinman 999999999
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    Didn't every politician beg Amazon to come to their city?

    Amazon=Dream
    Government=Knicks

     
  18. peleincubus

    peleincubus Member

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  19. KingCheetah

    KingCheetah Atomic Playboy
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  20. Amiga

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    A message from Jeff Bezos (aboutamazon.com)

    "We support the Biden Administration’s focus on making bold investments in American infrastructure. Both Democrats and Republicans have supported infrastructure in the past, and it’s the right time to work together to make this happen. We recognize this investment will require concessions from all sides—both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate). We look forward to Congress and the Administration coming together to find the right, balanced solution that maintains or enhances U.S. competitiveness."

    - Jeff Bezos, founder and CEO, Amazon
     
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