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

Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by komali2 on Wednesday February 13, 2019 @02:51PM (#19156259)

If I knew the answer to that, I would also be paying 0 in tax.

I'm allowed to be upset at the fact that it's possible, without knowing how they do it.

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by umanwizard on Wednesday February 13, 2019 @03:10PM (#19156473)

So, given that you admit to not understanding the details of Amazon's accounting practices, how can you be so sure that what they're doing is wrong or bad?

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by komali2 on Wednesday February 13, 2019 @04:12PM (#19157057)

We're in the thread I started, where I lauded them for taking advantage of tax loopholes to not pay any tax. So, I'd be interested in why you believe I think what Amazon is doing is wrong.

What I don't like is that companies are allowed to do this at all - I support more government sponsored measures such as universal healthcare and education, far greater investment in sciences, etc, and I believe corporations paying higher tax rates is a fantastic way to pay for these things.

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by kyleblarson on Wednesday February 13, 2019 @03:00PM (#19156378)

Well approximately 45% of Americans pay no federal income tax.

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Re:Amazon in Its Prime: Doubles Profits, Pays $0 in Federal ... by ashelmire on Wednesday February 13, 2019 @03:24PM (#19156596)

The 45% that are disabled, retired, unemployed, or who make barely enough to live? Who cares that they pay nothing. How many citizens have $10B in annual income and pay nothing in taxes? The effective tax rate for the top 1% of citizens is about 30%... what do you think it is for the top 1% of corporations?

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