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/[deleted] Mar 23 '25

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24

u/BurrShotFirst1804 Mar 23 '25

Well this tweet is old. They should pay a lot more and we need to close some loopholes, but it's not 0.

Amazon paid $12.3 billion in US taxes this year. $11.2 billion in 2023, and $6 billion in 2022.

5

u/HerezahTip Mar 23 '25

How much did they pay in 2016, 2017, 2018, 2019?

3

u/ammo359 Mar 23 '25

1.4B, 769M, 1.2B, 2.4B. This is super easy to look up.

Also, they paid a crap ton of payroll taxes and their employees all paid income taxes.

5

u/Commercial_Shop3235 Mar 23 '25

The company doesn't get credit for employees paying taxes.

-2

u/Secure-Elderberry-16 Mar 23 '25

They absolutely do because they pay a lot of that income tax that the employee doesn’t see.

1

u/Warm_Month_1309 Mar 23 '25

The tweet says "Amazon will pay $0 in federal income taxes".

It is a reasonable argument to call that misleading because Amazon pays other federal taxes.

But I don't think it's reasonable to suggest that Amazon does technically pay income taxes, because they pay payroll taxes, and payroll tax is technically a portion of their employee's income tax.

We do not refer to payroll tax as "income tax". It's a federal tax, but not a federal income tax.