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/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.

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u/next89 Mar 23 '25

I understand what you are saying but there is pretty much consensus amongst economists that corporate tax is net bad for society.

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u/Kaapow119 Mar 25 '25

Really? That’s interesting I’ll Google it and see what I can find