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jodymarie aimee

(3,975 posts) Sat Feb 16, 2019, 09:56 AM Feb 2019

Amazon will pay $0 in federal income taxes on $11.2 billion in profit..AOC asks WHY [View all]

Alexandria Ocasio-Cortez Retweeted FORTUNE

Amazon is paying $0 in taxes on $11+ billion in profit.

$0 for schools.
$0 for firefighters.
$0 for infrastructure.
$0 for research and healthcare.

Why should corporations that contribute nothing to the pot be in a position to take billions from the public?

@FortuneMagazine

Amazon will pay $0 in federal income taxes on $11.2 billion in profit.

92 replies

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Amazon will pay $0 in federal income taxes on $11.2 billion in profit..AOC asks WHY [View all] jodymarie aimee Feb 2019 OP

K&R... spanone Feb 2019 #1

Zephyr Teachout explains in this CNN article: Dennis Donovan Feb 2019 #2

According to the Institute on Taxation and Economic Policy riverine Feb 2019 #3

There are so many things wrong with this TexasBushwhacker Feb 2019 #13

The tax code should be changed. Blue_true Feb 2019 #55

really don't understand how this can be justified RussBLib Feb 2019 #42

Not to defend Amazon, but there is a simple explanation bhikkhu Feb 2019 #43

THIS KentuckyWoman Feb 2019 #45

Your last point on how people are taxed relative to corporations is spot on. Blue_true Feb 2019 #58

And this is fair, because even a company that isn't profitable TexasBushwhacker Feb 2019 #63

That may work. radius777 Feb 2019 #83

I've got a large pitch fork. panader0 Feb 2019 #4

I don't blame Amazon. I blame those who enacted the tax laws that made this possible. onenote Feb 2019 #5

notice AOC does not use the word blame, does she? jodymarie aimee Feb 2019 #6

Lawmakers set up the tax code like that because gtar100 Feb 2019 #11

So lawmakers are incapable of resisting? onenote Feb 2019 #24

Depends on their values, no? gtar100 Feb 2019 #25

agreed onenote Feb 2019 #26

If they resist, there is a big price to pay. It is an incesstrous system and always has been. Blue_true Feb 2019 #60

i don't see a conflict in thinking both policy and amazon is wrong. Kurt V. Feb 2019 #12

And Horizens Feb 2019 #21

How did _she_ do that? It's not even in her district. JHB Feb 2019 #30

Headlines Horizens Feb 2019 #35

She seems to think that the $3B deal given to Amazon would be for her district.... Honeycombe8 Feb 2019 #86

Her bringing it to the attention of taxpayers marybourg Feb 2019 #31

Only people who don't read the news didn't know that. Honeycombe8 Feb 2019 #87

That is a very good question DeminPennswoods Feb 2019 #7

Please ... Horizens Feb 2019 #36

Au contraire DeminPennswoods Feb 2019 #84

The answe is clear: the Republican Party! Adrahil Feb 2019 #8

The whole 25,000 jobs thing seems to be a debatable issue.. pangaia Feb 2019 #22

I think that's a fair assessment! NT Adrahil Feb 2019 #27

I lived in Dallas for years...it's a great thing for a big business to move or open there.... Honeycombe8 Feb 2019 #88

Whether or not this is a "loss" to NYC remains to be seen. gtar100 Feb 2019 #23

What's your solution? Adrahil Feb 2019 #28

More direct support for small businesses and gtar100 Feb 2019 #37

Taxation is certainly a reasonable approach... Adrahil Feb 2019 #46

Same can be said for Walmart, Costco, Target and other big retailers gtar100 Feb 2019 #50

Small businesses have crap return policies radius777 Feb 2019 #82

And many prefer big gas-guzzling SUVs and pickup trucks to haul air. gtar100 Feb 2019 #92

NYC has some of the top universities and medical institutions in the world. Blue_true Feb 2019 #62

Exactly so. comradebillyboy Feb 2019 #33

Um... foxconn? The Truth Is Here Feb 2019 #64

I think NYC of all places is the least needng of Amazon. Regardless of that... In It to Win It Feb 2019 #80

I don't believe Amazon is totally innocent. Some of those profits are greasing Congress... PeeJ52 Feb 2019 #9

As long as ANY of these near-monopolies have unfair advantage DemocracyMouse Feb 2019 #20

I'm all for the tax proposals... Adrahil Feb 2019 #47

As long as America keeps building roads to strip malls favoring big biz instead of towns DemocracyMouse Feb 2019 #48

So your plan is to revert to some vision Adrahil Feb 2019 #49

You prefer monopolies? Good luck with that. DemocracyMouse Feb 2019 #81

Gee...I bet a lot of us could make $11+ billion in profit and not pay a dime in taxes... SWBTATTReg Feb 2019 #10

I thought AMT was around too, and it should be n/t TexasBushwhacker Feb 2019 #14

I always worried about it kicking in when I did my taxes w/ my relatively tiny amount of... SWBTATTReg Feb 2019 #17

Corporate AMT has been repealed beginning in 2018 D_Master81 Feb 2019 #16

Thanks for clarifying. By limiting net oper. losses, you mean e.g., ... SWBTATTReg Feb 2019 #19

As someone who prepares tax returns D_Master81 Feb 2019 #15

Was it Reagan or Bush I that took away automobile Blue_true Feb 2019 #65

They are such job creators, they need NY to give them $3 billion IronLionZion Feb 2019 #18

Or spread it around 300 plus startups. Blue_true Feb 2019 #67

I keep seeing that Amazon would get back from the city and the state a portion Autumn Feb 2019 #29

This message was self-deleted by its author Hassin Bin Sober Feb 2019 #40

I think Amazon should behave like most educational institutions. LAS14 Feb 2019 #32

This message was self-deleted by its author Apollyonus Feb 2019 #53

Tell me again why I have to pay taxes? bdtrppr6 Feb 2019 #34

Thank you, AOC, for stating plainly/succinctly enough to make people think more about tax policy. JudyM Feb 2019 #38

Too bad just enough self-identified progressives refused to vote for the Democratic nominee in 2016 still_one Feb 2019 #39

And their warehouse workers are treated like robots. Garrett78 Feb 2019 #41

I am sorry for any job loss in NY marlakay Feb 2019 #44

Nashville is happy Amazon is coming redstateblues Feb 2019 #77

I wish someone would answer that question fescuerescue Feb 2019 #51

Maybe instead of asking Amazon, AOC can walk down to McCarthy's office and corner him. Blue_true Feb 2019 #52

There is an extremely simple solution to cure tax avoidance.. at140 Feb 2019 #54

What if they are losing money? Apollyonus Feb 2019 #57

Tons of corporations went bankrupt just during last 50 years at140 Feb 2019 #61

You are missing the point Apollyonus Feb 2019 #66

Every small start-out deserves 3 years grace period at140 Feb 2019 #73

You make some good points. Blue_true Feb 2019 #71

The "Deep enough pockets" effect. Blue_true Feb 2019 #69

+1 n/t Apollyonus Feb 2019 #70

If the product/service has demand in the market place at140 Feb 2019 #72

There is demand for software, demand for good shampoo, demand for good toothpaste. Blue_true Feb 2019 #74

Business is not that simple. Blue_true Feb 2019 #68

IRS gives tax credit to INDIVIDUALS for at140 Feb 2019 #76

The way that any business works makes taxing gross revenue problematic. Blue_true Feb 2019 #78

No. The answer is to lessen or remove some of the deductions. Honeycombe8 Feb 2019 #85

May be, but it still makes it complicated because at140 Feb 2019 #89

It is probably because Apollyonus Feb 2019 #56

this because they are subsidized scarytomcat Feb 2019 #59

I think Amazon started up in 1993, 1994 or 1996. Blue_true Feb 2019 #75

yes ... and dump has also been carrying his bankruptcy and business loses forward scarytomcat Feb 2019 #90

I like the idea of a wealth tax. Blue_true Feb 2019 #91

Wanna confuse the RWers? In It to Win It Feb 2019 #79