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I don't know how a company could avoid all taxes. They say that Amazon does, but that's only the corporate income tax, surely they are paying billions in payro
by LanceH 1mo ago
I don't know how a company could avoid all taxes. They say that Amazon does, but that's only the corporate income tax, surely they are paying billions in payroll, property, energy, and other taxes.
- aaomidi 1mo agoProperty is an easy one: Don’t tax us and we’ll bring jobs to your area.
- culi 1mo agoGood Jobs First has tracked $11b in public subsidies to Amazon so far https://goodjobsfirst.org/amazon-tracker/ https://goodjobsfirst.org/amazon-tracker/ You have to take that into account and look at the NET of what we've paid Amazon vs what they've paid us
- LanceH 1mo agoStop throwing subsidies. Easy fix without a wealth tax. There are a plethora of taxes that companies pay, but a tax on existence is just awful in so many ways. Make zero dollars this year? You lose a percent of the company -- congrats. There is a middle ground: Make using the securities of the company as collateral a taxable event. If it's good enough to back a loan, it's wealth, realized.
- M95D 1mo agoAll the examples you gave are cost cutting targets that any competent manager will do their best (worst) to minimize, except properties. Those appreciate over time a lot more than taxes are worth.