4 ms·
net tax rate is meaningless in this context. Besides the fact that they're doing what each one of us do (take deductions following the law), it completely ignor
by Domenic_S 4y ago
net tax rate is meaningless in this context. Besides the fact that they're doing what each one of us do (take deductions following the law), it completely ignores all the other tax they pay - like payroll tax on a massive employee base and so forth.
To imply Amazon (or any corp) are floating by with a total tax load of ~1% is either profoundly disingenuous or profoundly naïve.
- Retric 4y agoSaying companies pay payroll tax is like saying they pay sales tax when you buy something from them. It’s sort of true and sort of false.
- BeetleB 4y agoIt sounds like you don't understand the basics of payroll tax. The SS tax that gets deducted from your paycheck is only half the amount. Employers are required to pay the other half. If you're self-employed, you pay both halves, and that is one of the penalties of being treated as self employed.