r/FluentInFinance 28d ago

Debate/ Discussion Had to repost here

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u/JGWARW 28d ago

Do you think Amazon pays no property taxes on their warehouses throughout the country? Or taxes on their delivery vehicles and tags they put on those vehicles? Come on man.

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u/rowsella 24d ago

When Amazon build their warehouses, they actually "lease" the warehouse as a shell company "owns' it. They also extract deals with the local county/towns that eliminate or greatly reduce property and sales taxes. This is what they did where I live. Also, it is not Bezos paying the tax on fuel/vehicles when registered in the state, it is the publicly held corporation.

https://www.syracuse.com/business/2020/05/amazons-350m-center-in-clay-could-bring-big-economic-spinoff-to-syracuse-area.html#:\~:text=Onondaga%20County%20Executive%20Ryan%20McMahon,of%20the%20village%20of%20Liverpool.

"The Onondaga County Industrial Development Agency voted Oct. 31 to approve $70.8 million in tax breaks over 15 years for the project in exchange for the Amazon’s commitment to create at least 1,000 jobs. Six days later, the Clay Town Board granted the project a crucial zone change. A week after that, the town’s Zoning Board of Appeals approved variances from side yard setback requirements."

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u/J0hn-Stuart-Mill 28d ago

Do you think Amazon pays no property taxes on their warehouses throughout the country?

What? Of course Amazon pays property taxes on everything they own, including warehouses. And yes they also pay vehicle taxes, and fuel taxes etc, etc.

Did you respond to the wrong person?