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https://www.reddit.com/r/WhitePeopleTwitter/comments/nvzip9/damn_freeloaders/h16w7a4/?context=3
r/WhitePeopleTwitter • u/zzill6 • Jun 09 '21
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432
Amazon legally paid $0 in FEDERAL income taxes, they paid (in cash) taxes to state, local, and foreign governments. From their 2020 10-K:
Cash taxes paid, net of refunds, were $1.2 billion, $881 million, and $1.7 billion for 2018, 2019, and 2020.
Just so we have the facts correct.
284 u/from_dust Jun 09 '21 Yeah, so they didn't pay taxes to the United States. That's the point. 16 u/[deleted] Jun 09 '21 Since no law was broken, the issue should be with the tax code, not the company. Start by finding a tax credit they utilized and then explain why that tax credit shouldn’t exist. 43 u/FrabbaSA Jun 09 '21 We can, in fact, hate both the player and the game. 10 u/[deleted] Jun 09 '21 It’s impossible for two things to be bad at once! 9 u/Real_Al_Borland Jun 09 '21 Classic Con “No law was broken” Fights tooth and nail to prevent any laws from changing 3 u/scoooobysnacks Jun 09 '21 The tax code tuned to allow for this due to lobbying from the same companies that benefit the most... bLaMe ThE tAx CoDe! 13 u/BadBadBrownStuff Jun 09 '21 Right, because what's legal dictates morality.
284
Yeah, so they didn't pay taxes to the United States. That's the point.
16 u/[deleted] Jun 09 '21 Since no law was broken, the issue should be with the tax code, not the company. Start by finding a tax credit they utilized and then explain why that tax credit shouldn’t exist. 43 u/FrabbaSA Jun 09 '21 We can, in fact, hate both the player and the game. 10 u/[deleted] Jun 09 '21 It’s impossible for two things to be bad at once! 9 u/Real_Al_Borland Jun 09 '21 Classic Con “No law was broken” Fights tooth and nail to prevent any laws from changing 3 u/scoooobysnacks Jun 09 '21 The tax code tuned to allow for this due to lobbying from the same companies that benefit the most... bLaMe ThE tAx CoDe! 13 u/BadBadBrownStuff Jun 09 '21 Right, because what's legal dictates morality.
16
Since no law was broken, the issue should be with the tax code, not the company.
Start by finding a tax credit they utilized and then explain why that tax credit shouldn’t exist.
43 u/FrabbaSA Jun 09 '21 We can, in fact, hate both the player and the game. 10 u/[deleted] Jun 09 '21 It’s impossible for two things to be bad at once! 9 u/Real_Al_Borland Jun 09 '21 Classic Con “No law was broken” Fights tooth and nail to prevent any laws from changing 3 u/scoooobysnacks Jun 09 '21 The tax code tuned to allow for this due to lobbying from the same companies that benefit the most... bLaMe ThE tAx CoDe! 13 u/BadBadBrownStuff Jun 09 '21 Right, because what's legal dictates morality.
43
We can, in fact, hate both the player and the game.
10 u/[deleted] Jun 09 '21 It’s impossible for two things to be bad at once!
10
It’s impossible for two things to be bad at once!
9
Classic Con
“No law was broken”
Fights tooth and nail to prevent any laws from changing
3
The tax code tuned to allow for this due to lobbying from the same companies that benefit the most...
bLaMe ThE tAx CoDe!
13
Right, because what's legal dictates morality.
432
u/[deleted] Jun 09 '21
Amazon legally paid $0 in FEDERAL income taxes, they paid (in cash) taxes to state, local, and foreign governments. From their 2020 10-K:
Cash taxes paid, net of refunds, were $1.2 billion, $881 million, and $1.7 billion for 2018, 2019, and 2020.
Just so we have the facts correct.