tasman1 wrote: I am sending 5 cent to help poor Amazon ... here is why
Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018 .... geeee , poor Amazon
While some people have received some surprise tax bills when filing their returns, corporations continue to avoid paying tax — thanks to a cocktail of tax credits, loopholes, and exemptions.
Correct, this is why the poor are expected to pay taxes and not the wealthy, try to mind read who I have in mind other than Amazon (hint: person)
And then you have the IRS going after the poor worker who was off in his/her tax report by $5.25, by seizing the home, bank accounts, land and a couple of organs - Exemptions and credits is a good initiative, even regular tax payers have that - but still have to pay taxes. It would be nice if the wealthy were required to pay minimum taxes even after all credits, exemptions and loopholes applied with those colossal earnings, it's the least they can do to contribute, why is it that always the poor people have to contribute !!! This big corporations have enough money to survive lifetimes, they can "donate" some to the greedy government's pockets
Even lottery winnings re taxable in the US, when already lottery is funded by those who purchase tickets, so essentially lottery is one massive ponzi scheme, and government earns big money on lotteries as it is sort of a hidden tax, and on top of your winnings you have to pay almost 40% !!! At least here in Canada, lottery, casino and contest prizes are non taxable, only the interest on the capital is.
Yet in this country, if you are lucky enough to have a decent job, you will be "donating" more than HALF your earnings to the government!
Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal tax responsibility is 21% (down from 35% in previous years). But with the help of tax breaks, according to corporate filings, Amazon won’t be paying a dime to Uncle Sam despite posting more than $11.2 billion in profits in 2018.
21% LOL here with those earnings you'd pay more than double that, even the poor with earnings in the poverty range have to pay some taxes, I believe the lowest bracket here being 19% But our Prime Minister here is more concerned in legalizing drugs, (a hidden tax), and adding a carbon tax (another hidden tax) than economy, jobs, healthcare and the middle class, crime, poverty, etc.
I urge every good person to help and send few cent to poor Amazon or you can send all you have and die from hunger , We are not important but Amazon and rest of the mafia are
Long live rich , down with poor [[[[[[[ Geeee , what a big shit this world is
My opinion is entirely biased here, I will gladly send my donations to Amazon, no need to send 5 cents I will send it on your behalf and will send $5 in addition, 11 billion might not be enough, they have to be ready for the great depression to come and post apocalyptic WWIII, where that $11 billion will be worth, oh, say only $1 billion