Nice! As I said earlier, I don't think a higher corp tax rate will hurt amzn as much as the low growth dividend paying companies. Amazon has also been advocating for higher minimum wage (as they pay above min wage already). Laws that hurt their competition more are seen as a win.
Aren't 95 percent of businesses pass through? That's why we have marginal income tax rates for them. If it doesn't hurt companies like Apple or Amazon then good. We get more tax revenue and it doesn't hurt these companies.
based on current earnings, it would hurt apple more than amazon; but good businesses will adapt and restructure accordingly. there's a reason amazon reported very little taxable income for many years - the tax structure incentivized them to pursue growth over taxable income/profit. I think higher corp taxes will push amazon to going back to pursuing growth, which isn't a bad thing for the company or the economy. it's the weaker businesses that will be harder hit by increased corp tax.
Weaker as in smaller? Again, the vast majority (95%) are paying marginal rates from income tax and not corporate taxes.
Weaker as in weaker margins, operating leverage, moat etc. Everyone including billion dollar giants are "smaller' compared to these 2 hehe. Amazon isn't trying to take out mom and pop shops, they are fighting with wmt etc.
Bezos supports higher tax rates when his company pays no corporate taxes. You don’t get to be the richest man on the planet by being stupid I guess.
In the 1950s, an era were we saw the largest expansion of the middle class and equity gained by the middle class in American history, 33% of our tax revenue cake from corporate taxes. Today it's down to 6 percent. It was 9 percent before the 2017 tax bill was passed. The American brain was been conditioned over decades of corporate lobbying and media brainwashing that this **** is acceptable. I'm for Amazon and all billion dollar corporations to pay their corporate taxes and ingrain legislative measures to remove loopholes for them to avoid paying them. It's obvious then saving on taxes doesn't "create jobs" or "increase wages". The trickle down theory has had it's case study for the past 40 years and it has been an epic disaster.
Or maybe he's so smart he's supporting it do people who are against raising the rates can point to Bezos and say "look leftists, your mortal enemy is agreeing with you".
I think circumstances have changed with internationalization, competition and a race to the bottom. Yellen has been pushing to standardize corp tax rate internationally; hard to do but that's a good idea.
