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Political Discussion
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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Going back to the original question, I guess it's simply a matter of whether you consider tax-loss carry forwards fair or not. In years past, Amazon lost a lot of money. That would be like you having a negative income for the year. They basically get to net those losses against today's profits. Is that fair? I think so, but I suppose you can argue against it. [/quote] Why should taxpayers subsidize their losses? Poor people don't get tax breaks for going into debt- they get 30% APR credit card rates. [/quote] Oh Lordy. Poor people making less than $30k in "profits"/ income pay zero taxes -- in fact the government pays THEM!! You may want to take a basic business course :-)[/quote] They may benefit from the social safety net because that's part of the compact the US has with its citizens. We subsidize those who are in poverty. But no one has explained why we're subsidizing profitable corporations with billions in revenue.[/quote] Simple. First, a good number of them are not profitable. But if you want to close them, heck, do so and China and Russia will love to welcome them. Second, they create dozens of thousands of jobs and billions in customer value. More than any political party would create in a thousand years of hard work. But heck, close them like funny AOC just did with Amazon in NY and see what happens...[/quote] Low wage jobs with no health coverage and no pensions or 401k plans don't serve anyone well.[/quote] Then get a skill that pays more. [/quote] Do you recommend robots for low wage jobs, or how will that work get done if everyone decides to get "skills that pay more" and avoid those jobs?[/quote]
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