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Yes...while we fight over who gets what tax break for citizens...there are loopholes upon loopholes that allow corps to do such things.
Every time I hear someone mention tax loopholes, this comes to mind :
I just checked my order history and they collected tax on some order but not others. Not sure why.
I think it may depend if it is actually Amazon or if it is a third party selling through Amazon. I believe in 2018 Amazon agreed to collect sales tax in all states.
I believe that's changed. internet sellers who don't collect state tax now need to send you a statement for the state taxes you were supposed to pay, which you are then obligated to report.
I'm not a corporate tax expert, but I know that corporate taxes are very complicated and there's usually an excellent, justifiable reason for the items that commonly get labeled as "loopholes." Carry-over losses are a good example.
That would go a long way towards explaining how book income is so high while actual tax paid is low.
Every state has different laws. So, it's a state-by-state thing.
The allegedly conservative side of this country has basically prioritized what it calls "job creators" over human beings. Those "job creators" are often highly profitable corporations, and the argument goes "well, sure, they aren't paying taxes, but they create jobs and the people they hire pay taxes so that's enough." So we give them whatever they want in order to woo them from other places.
Agree with most of this; often the fact that a company is paying “zero corporate taxes” is a reflection that as a society we’ve chosen craft tax law in a manner to incentivize the core function/activiity of said corporation.
These all sound good.
It always has been, only nobody did it. In the 45 states with sales tax, you're supposed to self-report it as a use tax. Now more states are requiring the retailer to keep those records and report them.
This is different than what Joe is asking about. Regardless of what Amazon pays in federal taxes, it is still your responsibility to pay sales tax on anything you buy online if it is not already charged.
Not sure if it is true or not, but have always heard you only get charged tax if the business has a physical presence in your state.jon_mx said:
Because they're charitable organizations and also because that's part of the separation of church and state I imagine.
This brings up an interesting point. The attention is almost always from the "other" side. Folks that don't go to church want to know why churches don't pay taxes but don't have a problem with an organization they like not paying taxes. Obviously, Amazon and President Trump are often on opposite sides so the Trump supporters are eager to call out Amazon. They are less eager to call out a pro-Trump business doing the same.
Why call out churches and not other nonprofit organization who receive the same federal income tax exemption?
This.........ask the 25,000-35,000 job holders if they care what taxes amazon pays. Policiticians look out for themselves, never the people. Nevermind the foot traffic and residual effect the business would have had. LIC is kind of a dump and a beautification would have gone a long way to revitalizing that area too. I would vote these people out next chance I get.
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