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I agree Amazon should pay taxes. But this bill is not the way to make such companies pay taxes. It will kill competition and startups along the way. That is the
by throwaway7783 1y ago
I agree Amazon should pay taxes. But this bill is not the way to make such companies pay taxes. It will kill competition and startups along the way. That is the crux of the issue.
Edit: Looks like Amazon did indeed pay 15B+ federal taxes in 2024 (excluding sales tax etc)
- floxy 1y agoHere are some charts and tables showing Amazon income taxes: https://www.macrotrends.net/stocks/charts/AMZN/amazon/total-provision-income-taxes https://www.macrotrends.net/stocks/charts/AMZN/amazon/total-...
- pj_mukh 1y agoIncidentally, should we really count "income taxes" as something "Amazon pays"? Amazon doesn't pay income taxes. Amazon employees do. The fact that Amazon conducts the transaction via withholding seems irrelevant. It's the employee losing the money.
- floxy 1y agoYou are confusing income taxes paid by employees with the corporate income tax paid by companies: https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_St...
- 8note 1y agoi generally think they should be counted to the company as a sales tax. amazon is losing the money, because theyre paying it to the government and not the employee, ao they need to increase the pay accordingly if they want the employee to have a certain amount.