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That figure comes from the taxes paid by the people they employ
by hessproject 8y ago
That figure comes from the taxes paid by the people they employ
- Loughla 8y agoThat tastes bad to me. That's not amazon paying tax, that's just employees. That makes the statement in that letter seem disingenuous. Am I overthinking this?
- hessproject 8y agoJust pointing out the number they're referring to For the record I'm an LIC resident and generally opposed to Amazon under the proposed plan
- lenticular 8y agoNo, you're not. This also conveniently ignores the additional costs to services.
- chimeracoder 8y ago> That tastes bad to me. That's not amazon paying tax, that's just employees. The entity that is charged the tax has nothing to do with who's actually paying the tax (in the real sense - the person who bears the burden of the tax). A sales tax that's added to a point-of-sales bill versus a sales tax that's invisible to the consumer and charged to the supplier has the exact same economic impact on both of them. For example, FICA taxes are nominally paid 50% by the employer and 50% by the employee, but over 90% of the actual tax incidence falls on the employee. Even if we changed the law so that 100% of FICA taxes were paid for by the employer, employees' after-tax wages would be the same.