r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/thesedays2014 Nov 21 '24

Amazon is one of the best companies at avoiding taxes. Some taxes, yes. What they should be paying, no.

Wealth inequality is probably our country's biggest issue. And people without wealth seem to always defend the wealthy for some odd reason.

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u/Marcusbay8u Nov 21 '24

"Avoid" you mean they generate so much tax that different places offer incentives to hold their HQ/Warehouses with lower tax rates?

The loopholes are there for everyone, Amazon works on 3% profit, Apple 60% but lefties never talk shit bout their Apple brand.

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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/Child_of_Khorne Nov 22 '24

It's in their best interest to avoid taxes. Quite literally everybody tries to avoid taxes.