Comment by throwaway7783

Comment by throwaway7783 7 days ago

4 replies

I agree Amazon should pay taxes. But this bill is not the way to make such companies pay taxes. It will kill competition and startups along the way. That is the crux of the issue.

Edit: Looks like Amazon did indeed pay 15B+ federal taxes in 2024 (excluding sales tax etc)

floxy 7 days ago

Here are some charts and tables showing Amazon income taxes:

https://www.macrotrends.net/stocks/charts/AMZN/amazon/total-...

  • pj_mukh 7 days ago

    Incidentally, should we really count "income taxes" as something "Amazon pays"? Amazon doesn't pay income taxes. Amazon employees do. The fact that Amazon conducts the transaction via withholding seems irrelevant. It's the employee losing the money.

    • 8note 7 days ago

      i generally think they should be counted to the company as a sales tax. amazon is losing the money, because theyre paying it to the government and not the employee, ao they need to increase the pay accordingly if they want the employee to have a certain amount.