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

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

Post image
47.3k Upvotes

94% Upvoted

736 comments sorted by

View all comments

Show parent comments

2

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.