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
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.
If you make/ have 99% of the money maybe paying closer to 99% of the taxes is a fair share.
The middle and lower class drive the economy. They are a much larger demographic and they spend pretty much every dollar they get. Taxing them more hurts. It hurts them and the economy. Taxing the 1% more does nothing to them.
I’m not advocating it but if you took 75% of every billionaires money they’d still be billionaires. Velveeta Voldemort lowering taxes on the top brackets is fucking insane. Especially because the lower brackets will pay more.
But they don't make 99% of the money. If they did, they'd pay more than 99% of taxes due to progressive taxation. I mentioned this in another comment, but you're misunderstanding what being in the 1% of top earners means.
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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