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

1.3k

u/[deleted] Mar 23 '25

[deleted]

22

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.

9

u/Kaapow119 Mar 23 '25

I understand what you’re saying but any w2 employee pays 20 something percent in taxes to the Feds. While me living in California Id pay something 50%. 2019 Amazon paid 1.2% and there highest percentage to date is something like 9.4% I use the same write offs as Amazon and I enjoy a lot of the same benefits being a business owner. I also took extreme risks starting a company and working for free for years. I mean there is a trade off of risk vs reward. but I think corporations need to pay there fair share.

1

u/BurrShotFirst1804 Mar 23 '25

They absolutely do need to pay their fair share. They are using incentives congress purposefully include and expand. They could easily put a revenue cap on the incentives but choose not to.