3 ms·
Actually FB pays a lot of tax, last year $6B on $24B profits. Amazon never makes money so doesn't pay tax. Google is good at not paying.
by x87678r 6y ago
Actually FB pays a lot of tax, last year $6B on $24B profits. Amazon never makes money so doesn't pay tax. Google is good at not paying.
- bhupy 6y agoIt's also misleading to look purely at the taxes paid on corporate profits. That's not the only way that corporations are taxed. In 2019 Amazon paid $2.4b in federal payroll taxes and customs duties and $1.6b in state and local taxes. So they actually handed to federal and state tax authorities over $4b of their $13.9b reported pre tax revenue, while also collecting $9b in sales taxes on their behalf. Also, Amazon as a corporation is largely just comprised of its executives and employees and shareholders, and they all pay taxes on their income and realized capital gains (if any).