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Reply to "Would a Republican please tell me why it is fair these corporations pay $0 taxes?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]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.[/quote] 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. :-([/quote] 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. [/quote]
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