American capitalism is where the profits are privatized and the risks are socialized, but I'm not even mad at Amazon. AFAIK, they aren't abusing the law to avoid taxes. The current law allows this...
American capitalism is where the profits are privatized and the risks are socialized, but I'm not even mad at Amazon. AFAIK, they aren't abusing the law to avoid taxes. The current law allows this bullshit to happen.
But even though Trump previously blasted Amazon for its limited state taxes—a single presidential tweet caused the company’s shares to fall by 9%—ITEP notes that its non-existent federal tax payment is a result of the Trump Administration’s corporation-friendly tax cuts. The think tank writes that the 2017 Tax Cuts and Jobs Act not only decreased corporate tax rates from 35% to 21%, but it also didn’t close “a slew of tax loopholes that allow profitable companies to routinely avoid paying federal and state income taxes on almost half of their profits.”
Instead, I'm saving my hate for Trump, Congressional Republicans, and the ignorant white trash who keep voting Republican just because they pay lip service to conservative political correctness.
American capitalism is where the profits are privatized and the risks are socialized, but I'm not even mad at Amazon. AFAIK, they aren't abusing the law to avoid taxes. The current law allows this bullshit to happen.
Instead, I'm saving my hate for Trump, Congressional Republicans, and the ignorant white trash who keep voting Republican just because they pay lip service to conservative political correctness.