Would a Republican please tell me why it is fair these corporations pay $0 taxes?

[Anonymous]

Anonymous wrote:

Anonymous wrote:"Colin Robertson wonders why he pays federal taxes on the $18,000 a year he makes cleaning carpets, while the tech giant Amazon got a tax rebate."

Well, first of all this republican will tell you that Collins pays ZERO in federal taxes, so this is all based on lies. Secondly, why do republicans have to defend the world’s most rich liberal Jeff Bezos for not paying taxes. Take your beef up with him.

No, you Republicans HAVE TO explain and defend these ludicrous tax cuts for the richest and for megacorporations because YOU are the ones who put them there. It's not about Bezos. Can't fault him for taking advantage of what YOU gave him.

You have to read the article to learn that the tax policies that Amazon is taking advantage of pre-dates Trump's tax cut. The largest block - $1B for stock based compensation - was something put in place by Bill Clinton. You think I am kidding:

https://www.vox.com/2014/4/15/5616946/the-law-that-failed-to-curb-ceo-pay-thanks-to-biggest-loophole-ever

[Anonymous]

Well, first of all this republican will tell you that Collins pays ZERO in federal taxes, so this is all based on lies. Secondly, why do republicans have to defend the world’s most rich liberal Jeff Bezos for not paying taxes. Take your beef up with him.

Pretty sure that Bezos pays plenty of taxes on his personal income.

Amazon employs lots and lots of people. Most of those people pay taxes. Tax the corporations more and fewer people will be working and paying taxes. Pretty simple. Amazon also pays rent, buys property on which it pays taxes (unless being given a break by local municipalities, etc.)

[Anonymous]

Anonymous wrote:Because most voters are stupid, and don't understand the tax system. And the Republicans get people riled up about "welfare queens" cheating the system (with thinly veiled racism), while in truth corporate welfare costs orders of magnitude more than our country's social safety net.

10 points for a short and elegant explanation!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"Colin Robertson wonders why he pays federal taxes on the $18,000 a year he makes cleaning carpets, while the tech giant Amazon got a tax rebate."

Well, first of all this republican will tell you that Collins pays ZERO in federal taxes, so this is all based on lies. Secondly, why do republicans have to defend the world’s most rich liberal Jeff Bezos for not paying taxes. Take your beef up with him.

No, you Republicans HAVE TO explain and defend these ludicrous tax cuts for the richest and for megacorporations because YOU are the ones who put them there. It's not about Bezos. Can't fault him for taking advantage of what YOU gave him.

You have to read the article to learn that the tax policies that Amazon is taking advantage of pre-dates Trump's tax cut. The largest block - $1B for stock based compensation - was something put in place by Bill Clinton. You think I am kidding:

https://www.vox.com/2014/4/15/5616946/the-law-that-failed-to-curb-ceo-pay-thanks-to-biggest-loophole-ever

Surprise!!!

Dems hate Trump so much they brains have stopped working.

[Anonymous]

Anonymous wrote:I am not a Republican, but...

It is fair because the tax laws were written and passed in a democratic fashion by representatives elected by the people. Amazon, etc. are free to operate as they please within the law in order to minimize their tax liabilities. As are we as citizens.

If you don't like the current tax code (and there is much about it to dislike), you are free to work to change it. But don't blame Amazon (etc.) for taking advantage of a situation that benefits them.

I agree with you in theory
But in real life majority of representatives and almost all of the senators do what their donors want, not what their constituents voted for.

What we need is a comprehensive campaign finance reform, but obviously, nobody interested in it except for Bernie and handful of his supporters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am not a Republican, but...

It is fair because the tax laws were written and passed in a democratic fashion by representatives elected by the people. Amazon, etc. are free to operate as they please within the law in order to minimize their tax liabilities. As are we as citizens.

If you don't like the current tax code (and there is much about it to dislike), you are free to work to change it. But don't blame Amazon (etc.) for taking advantage of a situation that benefits them.

I agree with you in theory
But in real life majority of representatives and almost all of the senators do what their donors want, not what their constituents voted for.

What we need is a comprehensive campaign finance reform, but obviously, nobody interested in it except for Bernie and handful of his supporters.

Hillary raised most of her money from corporate interests.

Trump didn't.

We can assume you walked the talk and voted Trump in 2016?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am not a Republican, but...

It is fair because the tax laws were written and passed in a democratic fashion by representatives elected by the people. Amazon, etc. are free to operate as they please within the law in order to minimize their tax liabilities. As are we as citizens.

If you don't like the current tax code (and there is much about it to dislike), you are free to work to change it. But don't blame Amazon (etc.) for taking advantage of a situation that benefits them.

I agree with you in theory
But in real life majority of representatives and almost all of the senators do what their donors want, not what their constituents voted for.

What we need is a comprehensive campaign finance reform, but obviously, nobody interested in it except for Bernie and handful of his supporters.

Hillary raised most of her money from corporate interests.

Trump didn't.

We can assume you walked the talk and voted Trump in 2016?[/qoute]
It's more complicated
Can't vote for R presidential candidate unless he/she is pro-choice. So, Trump is out of question.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am not a Republican, but...

It is fair because the tax laws were written and passed in a democratic fashion by representatives elected by the people. Amazon, etc. are free to operate as they please within the law in order to minimize their tax liabilities. As are we as citizens.

If you don't like the current tax code (and there is much about it to dislike), you are free to work to change it. But don't blame Amazon (etc.) for taking advantage of a situation that benefits them.

I agree with you in theory
But in real life majority of representatives and almost all of the senators do what their donors want, not what their constituents voted for.

What we need is a comprehensive campaign finance reform, but obviously, nobody interested in it except for Bernie and handful of his supporters.

I disagree with the above assessment if we are talking about the Amazon situation. Amazon substantially took advantage of the following three methods for not paying federal tax in 2018:

Stock Based Compensation - put in place by Bill Clinton to combat what he felt was excessive CEO compensation in 1992. Certain not intended as a sweet heart deal to any of his contributors.

Incentives for Scientific Research - put in place by the Federal government in 1981 to broadly encourage research and development investments. It's been extended ever since then and is now regarded as more or less permanent. Do Democrats believe it is wrong to encourage research and development?

Incentives for Capital/Infrastructure Development - what businesses pay for durable capital asset cannot be deducted completely in the year it was incurred, but over time through depreciation. Federal tax law allows this deduction to be done faster than normal under certain circumstances. This is not a case where a company gets something for nothing - they spent the money, it's a cost they'll deduct eventually. The tax law just allows them to deduct at an earlier date.

None of the above appear to be the benefit of some nefarious deal.

[Anonymous]

https://mobile.twitter.com/UKLabour/status/1122893805621895168

Dems should take note. Great little video. Still can’t get over the complete and total transformation of the culture and politics of the UK Labour Party that’s occurred over such a short time. In the span of just a few years it’s gone from being a basically neoliberal, pro-austerity to this.

[Anonymous]

Anonymous wrote:

Well, first of all this republican will tell you that Collins pays ZERO in federal taxes, so this is all based on lies. Secondly, why do republicans have to defend the world’s most rich liberal Jeff Bezos for not paying taxes. Take your beef up with him.

Pretty sure that Bezos pays plenty of taxes on his personal income.

Amazon employs lots and lots of people. Most of those people pay taxes. Tax the corporations more and fewer people will be working and paying taxes. Pretty simple. Amazon also pays rent, buys property on which it pays taxes (unless being given a break by local municipalities, etc.)

So why have anyone pay anything?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Well, first of all this republican will tell you that Collins pays ZERO in federal taxes, so this is all based on lies. Secondly, why do republicans have to defend the world’s most rich liberal Jeff Bezos for not paying taxes. Take your beef up with him.

Pretty sure that Bezos pays plenty of taxes on his personal income.

Amazon employs lots and lots of people. Most of those people pay taxes. Tax the corporations more and fewer people will be working and paying taxes. Pretty simple. Amazon also pays rent, buys property on which it pays taxes (unless being given a break by local municipalities, etc.)

So why have anyone pay anything?

Some indeed argue that corporations should have 0 tax, since the money is always taxed when it is actually spent or paid out.

[Anonymous]

No one remember all those huge inversions under Obama?

Sure, feel free to feed the hateful base...but then don't be surprised when large companies simply relocate their headquarters and profits and high-value jobs elsewhere.

The world is complex, folks.

[Anonymous]

Anonymous wrote:No one remember all those huge inversions under Obama?

Sure, feel free to feed the hateful base...but then don't be surprised when large companies simply relocate their headquarters and profits and high-value jobs elsewhere.

The world is complex, folks.

Every country needs to put an end to this BS.

[Anonymous]

It's because their lobbyists bought enough congress people to get their deductions, or worse, credits.

The simple answer is a flat tax. Zero for the first 35K , x% for everybody else. Get rid of all the deductions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Well, first of all this republican will tell you that Collins pays ZERO in federal taxes, so this is all based on lies. Secondly, why do republicans have to defend the world’s most rich liberal Jeff Bezos for not paying taxes. Take your beef up with him.

Pretty sure that Bezos pays plenty of taxes on his personal income.

Amazon employs lots and lots of people. Most of those people pay taxes. Tax the corporations more and fewer people will be working and paying taxes. Pretty simple. Amazon also pays rent, buys property on which it pays taxes (unless being given a break by local municipalities, etc.)

So why have anyone pay anything?

Some indeed argue that corporations should have 0 tax, since the money is always taxed when it is actually spent or paid out.

Wait a minute. The Supreme Court said corporations are people. If I pay, they should pay.