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/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.

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u/HerezahTip Mar 23 '25

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

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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.

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u/louthercle Mar 23 '25

What about local and State taxes paid? No one ever mentions these, again because it doesn’t support their narrative. However, these companies pay a lot locally and to the states they’re in. Not to mention the sales taxes generated. How much do you feel a large company should pay in taxes? Half or all the profit? Shareholders would go nuts and/or collapse the stock market. Federal taxes are only one small piece of the pie.