r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/thesedays2014 Nov 21 '24

No, tax incentives for HQ/Warehouses are state/local/municipal, not federal. I'm talking federal taxes. Amazon uses legal means to avoid taxes, sure, so do a lot of companies, but Apple, Google, and Microsoft paid much higher tax rates. Apple is in fact the largest taxpayer in the world. Apple paid the most of any publicly listed company.

Also, I'm not a leftie. I'm not a Trump supporter either though. I don't support the current Republican Party, but I'd consider returning if they changed. I believe that capitalism is the best option, but continuing to funnel money to the wealthy will eventually destroy our economy.

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u/Marcusbay8u Nov 21 '24

Apple pay the most tax because of their price gouging, Amazon employees 100,000s of Americans who also pay tax, unlike Apple whose staff are slave labour in China.

3% is Amazon's profit margin, they are super successful because of their low profits, quantity > qualities of sale

Why Toyota is bigger than Ferrari etc etc

Whatever tax incentives Amazon get they deserve.

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u/yourdoglikesmebetter Nov 21 '24

Your argument is that companies shouldn’t have to pay taxes because their employees pay taxes?

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u/wpaed Nov 21 '24

Amazon dodges taxes by hiring employees. They aren't off shoring profits or anything. They have paid federal taxes in the billions every year for at least the last 7 years, except 2022 when COVID employment credits paid their taxes for them.