Amazon to pay ZERO taxes again this year

RNG

Forum Staff
Apr 2013
38,719
26,696
La La Land North
Below are the 18 companies that paid no federal income tax from 2008-2015, according to ITEP. Many of them are in the energy sector.
President Donald Trump and the GOP leadership have vowed to reduce U.S. corporate taxes, arguing that the statutory 35 percent rate is far too high. Reminder: Corporations are people. (Thanks, Mittens!)


  1. Pepco Holdings
  2. PG&E Corp.
  3. Wisconsin Energy
  4. NiSource
  5. International Paper
  6. FirstEnergy
  7. Priceline.com
  8. Amos Energy
  9. General Electric
  10. American Electric Power
  11. Ryder System
  12. Duke Energy
  13. NextEra Energy
  14. Xcel Energy
  15. Ameren
  16. CMS Energy
  17. Sempra Energy
  18. Eversource Energy
Interesting. The energy related ones are utility types, mostly electrical energy.

No oil and gas producers there.
 
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Dec 2018
3,947
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New England
Actually your theory is wrong. One, taxes are paid on profits, you know the money left over after they've paid all their other operating expenses ?? Two, there's this thing call COMPETITION, perhaps, being a proponent of the capitalist system, you've heard of it ?? It means company A can't arbitrarily raise their prices to cover the taxes. If they do Company B may very well decide to accept a slightly small profit margin to gain the sale.

Corporations benefit massively from the public trough. How many would be in business if they had to teach every new employee how to read, write, do math and understand even the most basic of science ?? How many would be in business if they had to pay for every road needed to get employees to and from work as well as deliver their good and services to the market ?? An educated population, good infra structure and stable government create an involvement where businesses can succeed. The more educated the population, the better the infrastructure, the greater the success for business.

Receiving the benefits while putting nothing back into the process will eventually lead to our down fall.
Sorry, Bubba', you've got this wrong. Raising prices in response to a tax hike is generally a safe bet as you can trust your competitors have been hit with the same cost increase. It's also an excuse that many customers, while not thrilled to pay more, will understand. And if for some reason you can't raise prices (maybe your competitor is not subject to the same tax rates), then cuts generally need to be made elsewhere, and sometimes that means laying off staff.

To paraphrase what TNV' said, by and large company's don't pay taxes; they collect them.
 
Dec 2018
3,947
1,128
New England
If one is looking for reasons why so many of these companies have no tax liability then one need look no further than the favor-factory in Washington. A credit for this. A deduction for that. It all adds up.

I have said for years the only fair tax is a flat rate applied to all income earned above a subsistence level, regardless of source. No deductions. No credits. No exceptions. In fact, given the cost of tax preparation and validation, you could raise the effective corporate rate and businesses would thank you for it. The cost of tax preparation for corporate America is something like $0.30 for every $1.00 in tax paid. Bring that prep cost down by 50% and increase the tax rate by 15% and everybody (except K Street) wins.
 
Dec 2018
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U.S
What's so amazing about Amazon is that since its beginning in 1994, 24 years ago, it has amassed to a company with revenues of US$232.887 billion for the year 2018.

Amazon (company) - Wikipedia


Jeff Bezos
Born

Jeffrey Preston Jorgensen
January 12, 1964 (age 55)
Albuquerque, New Mexico, U.S.

24 years ago, Mr. Jeff Jorgensen, or Mr. Jeff Bezos, was only 31 years of age.


Bezos was born in Albuquerque, New Mexico, and raised in Houston, Texas. He graduated from Princeton University in 1986 with degrees in electrical engineering and computer science.

Jeff Bezos - Wikipedia


In 1986, Mr. Jorgensen, or Mr. Bezos, would have been 22.



At the time of his birth, his mother was a 17-year-old high school student, and his father was a bike shop owner.[5] After Jacklyn divorced Ted, she married Cuban immigrant Miguel "Mike" Bezos in April 1968.[6] Shortly after the wedding, Mike adopted four-year-old Jorgensen, whose surname was then changed to Bezos.[7] The family moved to Houston, Texas, where Mike worked as an engineer for Exxon after he received a degree from the University of New Mexico.[8] Bezos attended River Oaks Elementary School in Houston from fourth to sixth grade.



The mother remarried at 21 years of age to Mr. Miguel 'Mike' Bezos.


To graduate on time from an Ivy University while coming out from a non traditional family is amazing in of itself also. He must have been a very 'goal' oriented youth without alot of frills and thrills on the side. Experience has taught me that such things are possible but narrow disciplining is needed.

It would be similar to his mother, being a mother at the age of 17, reentering school to get for herself a College Degree. It is possible but narrow disciplining and provisions to those opportunities are needed.


I mean, how easy or difficult is it for a person to open up a 'bike shop' like his father supposedly did? Easy?

Alot of 'receipt' responsibilities.

The land of Opportunities.
 
Last edited:
Nov 2012
41,152
11,840
Lebanon, TN
How much in taxes did Amazon pay in 2016? isn't that the administration that gave you HOPE

How Amazon keeps tax collectors at bay

Now remember the Tariff debate. There was a thread, (I don't remember who started it) Chinese paid no tariffs the consumer pays the taxes. Well Guess what you get stuff Cheaper on Amazon becaue they pay no taxes, you see taxes are included in the cost of the Goods and services..

No Corporation pays taxes the consumer of the corporation pays the taxes 100% of the taxes.

Now remember Bezos is a Chronic Never Trumper democrat.

And look how his Brother Fellow Trumpers come to the Defense of Amazon and Bezos Because he funds the fight against trump.

Is Amazon a ‘no-tax monopoly,’ as Donald Trump said?
 
Nov 2012
41,152
11,840
Lebanon, TN
Below are the 18 companies that paid no federal income tax from 2008-2015, according to ITEP. Many of them are in the energy sector.
President Donald Trump and the GOP leadership have vowed to reduce U.S. corporate taxes, arguing that the statutory 35 percent rate is far too high. Reminder: Corporations are people. (Thanks, Mittens!)


  1. Pepco Holdings
  2. PG&E Corp.
  3. Wisconsin Energy
  4. NiSource
  5. International Paper
  6. FirstEnergy
  7. Priceline.com
  8. Amos Energy
  9. General Electric
  10. American Electric Power
  11. Ryder System
  12. Duke Energy
  13. NextEra Energy
  14. Xcel Energy
  15. Ameren
  16. CMS Energy
  17. Sempra Energy
  18. Eversource Energy
that is 1 year of Bush, 8 years of Obama, and 2 years of Trump. Republican President, Democrat President, and a pragmatist President.

Corporations pay no taxes. Why are you upset now? At least Trump has lowered my Tax burden, where Obama increased it.
 
Nov 2012
11,035
9,250
nirvana
Sorry, Bubba', you've got this wrong. Raising prices in response to a tax hike is generally a safe bet as you can trust your competitors have been hit with the same cost increase. It's also an excuse that many customers, while not thrilled to pay more, will understand. And if for some reason you can't raise prices (maybe your competitor is not subject to the same tax rates), then cuts generally need to be made elsewhere, and sometimes that means laying off staff.

To paraphrase what TNV' said, by and large company's don't pay taxes; they collect them.
They will be collecting a lot more of them soon. But look at the bright side. You and tnv get to yell about how unfair it is for multi billion dollar corporations to have to pay taxes. Life is just so unfair sometimes.
But this shouldn’t be an issue at all if what you say is true, so if the corporate rate is raised back to what it was or even higher, and all of the loopholes are taken away, they will just collect more taxes since they dont pay them anyway right?
 
Dec 2013
33,811
19,362
Beware of watermelons
Below are the 18 companies that paid no federal income tax from 2008-2015, according to ITEP. Many of them are in the energy sector.
President Donald Trump and the GOP leadership have vowed to reduce U.S. corporate taxes, arguing that the statutory 35 percent rate is far too high. Reminder: Corporations are people. (Thanks, Mittens!)


  1. Pepco Holdings
  2. PG&E Corp.
  3. Wisconsin Energy
  4. NiSource
  5. International Paper
  6. FirstEnergy
  7. Priceline.com
  8. Amos Energy
  9. General Electric
  10. American Electric Power
  11. Ryder System
  12. Duke Energy
  13. NextEra Energy
  14. Xcel Energy
  15. Ameren
  16. CMS Energy
  17. Sempra Energy
  18. Eversource Energy
Damn that trump... letting them get away w/o paying taxes all those years.
 
Dec 2018
3,947
1,128
New England
They will be collecting a lot more of them soon. But look at the bright side. You and tnv get to yell about how unfair it is for multi billion dollar corporations to have to pay taxes. Life is just so unfair sometimes.
But this shouldn’t be an issue at all if what you say is true, so if the corporate rate is raised back to what it was or even higher, and all of the loopholes are taken away, they will just collect more taxes since they dont pay them anyway right?
If you’re curious about the kind of tax code I would favor, I suggest you ask because you’re really bad when it comes to guessing what it might be.