I think they should do a page-one rewrite on the Senate. Let the Senators represent the money. Let's just do it up front.
Each new and improved Senator will represent 1% of the federal tax revenue. If you want to go complain about Amazon (or the google or whoever), then you would know to contact the Senior Senator of Amazon.
Whoops.
I forgot that Amazon don't pay no stinkin' taxes. No Senator for you!
In 2019, Amazon paid $162 million in income taxes, plus $9 Billion in Sales and Use taxes, and $2.4 Billion in payroll and customs taxes.
I'm pretty sure all of those are more in taxes than you personally paid to the tax collectors...
Amazon's net income in 2019 was about $14 BIllion. $162 Million is an absurdly low amount of tax to pay on that level of earnings.
Sales taxes are paid for by the consumer. Amazon doesn't get credit for following the law in charging the consumer for those. Also, those are not federal taxes, but state and local, so not part of this discussion.
If you want to get into the incidence of tax collection, corporate income tax is also paid completely by employees, customers, and shareholders (in that order of where the tax incidence falls). It's not any different. Corporations are just pass-through entities. Real people are always who ends up paying whatever taxes are levied on them.
Not powerful enough to heckle? (Score:5, Insightful)
Really? She thinks Amazon (or anyone else) should be so terrified of her Senatorial power they dare not heckle?
This isn’t someone with a strong commitment to free speech. Or, indeed, to the democratic idea that elected officials serve rather than reign.
Re: (Score:2)
I think they should do a page-one rewrite on the Senate. Let the Senators represent the money. Let's just do it up front.
Each new and improved Senator will represent 1% of the federal tax revenue. If you want to go complain about Amazon (or the google or whoever), then you would know to contact the Senior Senator of Amazon.
Whoops.
I forgot that Amazon don't pay no stinkin' taxes. No Senator for you!
Re: (Score:3)
In 2019, Amazon paid $162 million in income taxes, plus $9 Billion in Sales and Use taxes, and $2.4 Billion in payroll and customs taxes.
I'm pretty sure all of those are more in taxes than you personally paid to the tax collectors...
Re: (Score:2)
In 2019, Amazon paid $162 million in income taxes, plus $9 Billion in Sales and Use taxes, and $2.4 Billion in payroll and customs taxes.
I'm pretty sure all of those are more in taxes than you personally paid to the tax collectors...
Amazon's net income in 2019 was about $14 BIllion. $162 Million is an absurdly low amount of tax to pay on that level of earnings. Sales taxes are paid for by the consumer. Amazon doesn't get credit for following the law in charging the consumer for those. Also, those are not federal taxes, but state and local, so not part of this discussion.
Re: (Score:2)
Moving the goalposts much?
Amazon literally paid those to tax collectors.
If you want to get into the incidence of tax collection, corporate income tax is also paid completely by employees, customers, and shareholders (in that order of where the tax incidence falls). It's not any different. Corporations are just pass-through entities. Real people are always who ends up paying whatever taxes are levied on them.
Re:Not powerful enough to heckle? (Score:1)
Corporations are just pass-through entities. Real people are always who ends up paying whatever taxes are levied on them.
Maintain the balance of power by drowning them in the paperwork.