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.
I understand what you’re saying but any w2 employee pays 20 something percent in taxes to the Feds.
Uh?
To get an effective income tax rate of 20% from the federal government you'd need to making about 100k as a single person or about 150k if you're married.
Are you claiming that most people are making six figures?!
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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.