Amazon in Its Prime: Doubles Profits, Pays $0 in Federal Income Taxes

Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by tantalor on Wednesday February 13, 2019 @02:43PM (#19156162)

> wealthier individuals can employ corporations more effectively

I think onlyrealcuzzo suggested that problem would be fixed by "properly tax money as it LEAVES companies"

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by tivert on Wednesday February 13, 2019 @02:48PM (#19156231)

> I think onlyrealcuzzo suggested that problem would be fixed by "properly tax money as it LEAVES companies"

What if the money never leaves, but instead is spent by the corporation to benefit the individual?

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by drcharris on Wednesday February 13, 2019 @03:08PM (#19156455)

Then it's probably regarded as a 'constructive dividend' by the IRS and is liable to tax.

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by tantalor on Wednesday February 13, 2019 @03:02PM (#19156393)

That type of behavior falls into category of either "income" or "embezzlement".

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