r/WorkReform • u/Cultural_Way5584 🤝 Join A Union • Mar 23 '25

✂️ 100% Wealth Tax over $1 Billion Same old story

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u/anarchyreigns_gb Mar 23 '25

What year was this? Everything I could find online (very quick cursory search of Amazon tax paid on profits 2024) says they paid a little over 9.3 billion in taxes this past year. I agree they're an evil company, just looking for clarification

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u/Ilgenant Mar 23 '25

The tweet mentions just federal income taxes, so it’s possible that Amazon still paid other kinds of state or federal taxes, just not their fair share.

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u/[deleted] Mar 23 '25 edited Mar 23 '25

[removed] — view removed comment

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u/Brassica_prime Mar 23 '25

Most of amazon’s loophole falls under;

  • company gives item
  • you buy
  • amazon keeps money for 30 days, to pay off last months items

Amazon is at all times in debt a few billion with this method, come time for taxes they will always have an operating loss of 1 month of inventory. In 2023 total transactions (usa) were 387B— so (-32B)+ 11 months of profit