How do you feel about........
jd50ae
Posts: 7,900 ✭✭✭✭✭
Say, for starters.
Amazon not paying any fed taxes (if it is true) and putting so many stores out of business?
Amazon not paying any fed taxes (if it is true) and putting so many stores out of business?
0
Comments
https://itep.org/amazon-inc-paid-zero-in-federal-taxes-in-2017-gets-789-million-windfall-from-new-tax-law/
If it's done legally......I'm sure they're just the tip of the iceberg....
I know, You're a big dog and I'm on the list.
Let's eat, GrandMa. / Let's eat GrandMa. -- Punctuation saves lives
It'll be fine once the swelling goes down.
Imagine that you can deduct every purchase you make, every loss, every promotion and every business related travel expense.
But what those news places don't tell you is that those corporations also pay a tax per employee. And that is not a deduction and is separate from income tax. Which is 6.2% of every employees earnings.
So if you have 10,000 employees and they make 75k each equalling 750 mil, pays 46 mil in payroll tax to the feds in addition to what you pay the employees.
Money can't buy happiness, but it can buy cigars and that's close enough.
Like @IndustMech said, taxes on corporations just get passed on to us as customers, which is why I say taxes on corporations are wicked and just another way for the greedy govt to feel it's gluttony.