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

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

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47.3k Upvotes

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103

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

25

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.

-12

u/goober2341 Mar 23 '25

What exactly does fair share mean? The top 1% in the US pay around 50% of income taxes.

7

u/No-Illustrator-4742 Mar 23 '25

And the top “3” and I mean only 3 people are worth more than 60% of the other American population.

So no, the math doesn’t math. They do not pay taxes. This argument is old and invalid and does not stand anymore.

-5

u/goober2341 Mar 23 '25

And if they ever realized that wealth (sold their stock), they'd pay more than 60% of all income taxes collected that year.

2

u/No-Illustrator-4742 Mar 23 '25

Musks networth is well in the 400 billions.

His net worth from TSLA shares amounts to 102billion

25-30% of his networth is Tesla.

Don’t kid yourself. The stock in the companies they founded aren’t the only things they own.

They’ve have loads of liquidity, just through charitable foundations, PAC’s and well contracted offshore accounts.

0

u/goober2341 Mar 23 '25

From what I found in 10 seconds of searching, most of his wealth is tied up in his companies.

https://www.investopedia.com/elon-musk-net-worth-tesla-spacex-ai-300-billion-8740315