Trump vs. Jeff "AmaGOAT" Bezos

mr.bigglesworth said:
I have no problem with taxing assets only when realizing gains, but the ability to write-off millions or billions in losses for years on end has got to stop. A few hundred thousand for the small business owner is one thing. But corporations like Amazon who run a deficit as a business and tax strategy is going way too fucking far.
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So what’s the point of starting a business if you can’t carry over losses to future profitable years? It’s not like they’re going to avoid taxes forever.
 
Tiny said:
And when they close down all the brick and morter shops...these will be the only jobs left. That or delivery and well, let's be honest...those will be automated.
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This is why it's important to support candidates for office who have a sense for what's to come. Sadly this means playing party politics and voting mostly Democrat because no Republican gives a fuck about the peasant jobs that will disappear.
 
http://www.politifact.com/truth-o-m...ump/amazon-no-tax-monopoly-donald-trump-said/

Trump is wrong to say Amazon is not subject to tax.

Like other businesses, Amazon pays taxes on corporate income, property, payroll and unemployment insurance, said Joseph Henchman, the executive vice president of the business-backed Tax Foundation. Amazon has also recently changed its policy on state sales tax, he added.

According to regulatory filings, Amazon paid a combined total of $412 million in federal, state, local and foreign taxes last year. In 2015 it paid $273 million in combined taxes, and $177 million the previous year.
 
mr.bigglesworth said:
I have no problem with taxing assets only when realizing gains, but the ability to write-off millions or billions in losses for years on end has got to stop. A few hundred thousand for the small business owner is one thing. But corporations like Amazon who run a deficit as a business and tax strategy is going way too fucking far.
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Why?

The point of corporations is to provide products, services and employment. It's not to collect tax revenue.

The reason corporate income taxes exist is to prevent corporations from hoarding cash and keeping it out of the economy

If a company is operating at a loss or not paying tax it's because it's investing it's earnings (growing which expands employment) or it's granting cash exercises to employees.

Individuals are meant to fund the government based on their labor or capital. The problem is we tax passive income at a much lower rate than labor.

People just like to cry about corporations because it's easy
 
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mr.bigglesworth said:
This is why it's important to support candidates for office who have a sense for what's to come. Sadly this means playing party politics and voting mostly Democrat because no Republican gives a fuck about the peasant jobs that will disappear.
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Democrats don't either. Obama just replaced all the manufacturing jobs with fast food/part time no benefits shit.

We are fucked.
 
Revolver said:
So what’s the point of starting a business if you can’t carry over losses to future profitable years? It’s not like they’re going to avoid taxes forever.
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I don't have a problem if we're talking 6 figures or low 7 figures, but if a business relies on 9 and 10 figure deficits to run their business they shouldn't get any help from uncle sam
 
Trump tweeted, "Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed."

Amazon isn’t causing the United States Postal Service to lose a fortune. In fact, it’s contributing to its biggest growth sector, package delivery. Deals like the one with Amazon brought in $7 billion in fiscal year 2017.

While we don’t know the deal USPS crafted with Amazon, we know it’s not losing money. A 2006 law codified profitability into law, and an independent regulatory commission that reviews their deals annually gave it a green light on March 29.

That said, it’s possible that the Postal Service could be charging Amazon more for package delivery and therefore get a better deal. That still doesn’t mean USPS is losing a fortune.

We rate this claim False.

http://www.politifact.com/truth-o-m...mp-usps-postal-service-amazon-losing-fortune/
 
MiniCraque said:
Yes. "Just" the president. Such a minimal differentiation, right?
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When it comes to billionaires playing the system, yeah it is. Plenty of powerful billionaires aren't the President, and have plenty of control. Are you saying that you're totally cool with them scheming their way through the tax system?

"Fuck over everyone. Just don't become President, and I won't care!"

ROFL.
 
I love amazon. The less I have to be around human beings the better.
 
HereticBD said:
When it comes to billionaires playing the system, yeah it is. Plenty of powerful billionaires aren't the President, and have plenty of control. Are you saying that you're totally cool with them scheming their way through the tax system?

"Fuck over everyone. Just don't become President, and I won't care!"

ROFL.
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Some Billionaires backed a candidate that wanted to tax passive income more aggressively.

Trump actually signed a tax bill that was a personal windfall for himself.

You can't both sides this when the guy literally passed the legislation himself.

Well you can but you just look like a buffoon
 
SSgt Dickweed said:
Amazon Prime is more popular than Donald Trump

In threatening Amazon, Donald Trump is taking on a truly massive challenge: Jeff Bezos’s company is indisputably more popular than the US president.

About 63 million Americans voted for Trump in 2016. Depending on whose estimate you take, the number of American households—which can include one or more individuals—that subscribe to Amazon Prime could be nearly 50% higher than his voter total, between 60 million and 90 million.

Look closer at that data and Trump’s gambit looks even riskier. The US Census Bureau estimates there were 227 million voting-age Americans in 2016, meaning Trump won the support of only about 28% of those old enough to vote.

The bureau estimates there are 117.8 million households in the US, with 2.64 people per household. That means that, at the lowest estimate for Amazon subscribers, 158.4 million people had access to a Prime subscription in 2017 (though not all of those are eligible voters). If the higher estimate is accurate, 76% of American households subscribe to Prime.

Consider that Prime households actively pay around $99 per year to Amazon, while Trump voters merely had go out and cast a ballot, and the tech giant wins the popularity contest hands down.

https://qz.com/1243760/most-us-hous...on-prime-most-americans-didnt-vote-for-trump/
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[<diva4}

Dumbest Trump diss yet.
 
HereticBD said:
When it comes to billionaires playing the system, yeah it is. Plenty of powerful billionaires aren't the President, and have plenty of control. Are you saying that you're totally cool with them scheming their way through the tax system?

"Fuck over everyone. Just don't become President, and I won't care!"

ROFL.
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Again, this is where you're being deliberately obtuse. Nobody is excusing Bezos for doing anything. Yes, the way billionaires navigate the tax system is fucked up. Trump, however, is held to a different standard than the others (a fact you seem to be unable to reconcile with) because he aspires for things they don't.
 
Pretty much everything Trump says about Amazon is a lie. Bezos being a real billionaire must really be a burr in his boot, he's been focused on it for a while, and no one close to him has the gumption to call him out.
 
Makani said:
Pretty much everything Trump says about Amazon is a lie. Bezos being a real billionaire must really be a burr in his boot, he's been focused on it for a while, and no one close to him has the gumption to call him out.
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It's amazing how those of us who don't have Trump's dick in our asses, we are the communists, while the MAGA crowd supports a president who, through twitter, gave a corporation a huge financial cost over personal issues with it's founder and his ownership of a paper that checks his lies.

It's amazing how Unamerican the patriot crowd really is.
 
Bernie Sanders is going after them too. Why anyone would support this company is beyond me.

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Seriously, we’ve got Congress slashing corporate taxes, business cash overwhelming elections and the Federal Communications Commission poised to turn control of the internet over to a few private companies. Now a single company is viewed as such a shiny prize that some seem ready to wave the white flag on the whole “for the people, by the people” experiment.


https://www.seattletimes.com/business/amazon/this-city-hall-brought-to-you-by-amazon/
 
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