Tell HN: Help restore the tax deduction for software dev in the US (Section 174)

Re:Tell HN: Help restore the tax deduction for software dev ... by throwaway7783 on Monday June 09, 2025 @03:28PM (#44228380)

I agree Amazon should pay taxes. But this bill is not the way to make such companies pay taxes. It will kill competition and startups along the way. That is the crux of the issue.

Edit: Looks like Amazon did indeed pay 15B+ federal taxes in 2024 (excluding sales tax etc)

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Re:Tell HN: Help restore the tax deduction for software dev ... by floxy on Monday June 09, 2025 @06:58PM (#44230523)

Here are some charts and tables showing Amazon income taxes:

https://www.macrotrends.net/stocks/charts/AMZN/amazon/total-...

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Re:Tell HN: Help restore the tax deduction for software dev ... by pj_mukh on Monday June 09, 2025 @08:13PM (#44231101)

Incidentally, should we really count "income taxes" as something "Amazon pays"? Amazon doesn't pay income taxes. Amazon employees do. The fact that Amazon conducts the transaction via withholding seems irrelevant. It's the employee losing the money.

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Re:Tell HN: Help restore the tax deduction for software dev ... by floxy on Monday June 09, 2025 @08:42PM (#44231284)

You are confusing income taxes paid by employees with the corporate income tax paid by companies:

https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_St...

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Re:Tell HN: Help restore the tax deduction for software dev ... by 8note on Monday June 09, 2025 @09:31PM (#44231571)

i generally think they should be counted to the company as a sales tax. amazon is losing the money, because theyre paying it to the government and not the employee, ao they need to increase the pay accordingly if they want the employee to have a certain amount.

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