PowerStroker has his place, & that's generally putting things back into perspective, when pipe-dreams run away with themselves from an overdose of TDS...
He may need a "mandatory vacation" that's self inflicted, so as to recharge the batteries from time-to-time.
I am surprised that no-one wants to tax Japan for all the nasty "hot particles" they've given everyone for free. What's Mr.Trump doing over there ?...Collecting a bonus for silencing the disgraceful ethics of the Nuke Industry ?...
"Talk is silver, silence is gold". Talk about glossing over the worlds most horrific industrial accident...Not a word...You could be doing a lot better for your people Mr.Trump.
I find it funny to see Mr.Trump promising to protect all the babies in the US-of-A, when the whole world suffers from the fall-out of the nuclear industry, & he says nothing about it...
-- Edited by Rastus on Monday 18th of February 2019 07:28:18 PM
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
I sense a real lack of interest in having Amazon and other multibillion dollar corporations pay any taxes at all. All while we add more than a trillion dollars ANNUALLY to the national debt.
Pretty sure there was a similar pattern right before the great depression, just not this severe.
-- Edited by PowerStroker on Sunday 17th of February 2019 05:20:55 PM
No you're just too fucking stupid to understand that Amazon pays taxes...
LOTS OF TAXES...
They also invest in the communities around them...
using previous losses to offset a good year is a common practice...
it is not ILLEGAL....
and it also EXPLAINS how a corporation pays over 90% in a single year when the corporate tax rate has not been over 40% in decades...
YOU CAN NOT LOOK at corporations across a two year window and get a real picture...
look at ANY corporations taxes across 10 years and you might understand...
but hey lets pay a moron $174K annually to discuss COW FARTS...
Never said it was illegal. Lots of crimes against humanity are perfectly legal, just watch what the president does to families seeking asylum.
I'm sure they have the best lawyers to figure out all of these loopholes. That plus an army of regular folks like you - happy to fall on your swords and elect people that drill these holes in the tax code means they'll be sitting pretty forever. They really appreciate it, so congrats!
-- Edited by PowerStroker on Tuesday 19th of February 2019 11:37:19 AM
I have used Amazon maybe a few times, I don't understand how they got so big...
The idea that Amazon is paying nothing in taxes will not sit well with many, especially given Jeff Bezos recent love affair and divorce.
But lets take a good look at Bezos and Amazon... Bezos IS a Democrat - even supported many Democrats along with same sex marriage. Bezos owns the Washington Post, a highly partisan news desk that is known to be pro-Democrat. This is a DEMOCRAT who is running Amazon, this is a Democrat who is accepting corporate welfare! It is just par for the course in the world of Democrats! Why is another Democrat knocking Bezos?
Because they don't like to pay taxes...
But they got a $600 million dollar Federal contract with the CIA back in 2014 and it is said that they have all but been written into a new $10 billion dollar contract in 2018!
COULD SOMEONE PLEASE TELL ME WHAT AMAZON DOES!? Thinking that much like Obama and his book sales, Amazon is also using book sales as a front. It does not add up!
How does a bookstore all of a sudden start owning massive server farms? I remember Amazon back in the day, it sucked! Still does!
Is Amazon the Democrats ace in the hole? The bubble to pop to ensure "the sky is falling" in late 2020? Wouldn't put it past them - and honestly what assets do they have?
I guess a $10,600,000,000 government contract would be a pretty big asset. No only are they paying no taxes, their biggest customer is the US Government!
WTF!
So I agree with you 100% PowerStroker! Your liberal corporate welfare DOES dwarf the kind of welfare Democrats enable!
__________________
What is to give light must endure burning -- Viktor Frankl
A Democrat is knocking another Democrat because it's bullshit and I call it like I see it regardless of who is involved.
But technically Besos is just doing what is allowed by law, so as angry as it makes me, the blame really lies with those who wrote the law in this manner.
I'm fully aware that a business should be able to write off investments/expenses etc, which I'm sure they already did, and which I do for my LLC. The $11.2 Billion is not Gross, it's NET PROFIT after writing off expenses. I'm of the opinion that Uncle Sam should be entitled to a cut of any NET PROFIT every year from all companies regardless of size or "contribution to society" for so long as Uncle Sam gets an annual piece of my profit. Some disagree with me, and that's just fine... Bat shit crazy, but it takes all kinds.
I agree... Here we have a company doing almost $12 billion in profit, PAYING NO TAXES and getting nearly $12 billion in government contracts... meanwhile we have a guy like you, working a nine to five and moonlighting businessman making a thousands of a hundredths percent of that and having to pay out nearly $3,500 in taxes!
I can see why you would be pissed! Now it is time to put that blame where it belongs, where does it belong PowerStroker?
__________________
What is to give light must endure burning -- Viktor Frankl
On the people who have spent decades drilling these loopholes in the tax code. There are some Dems in that group btw, and they should be drawn and quartered too.
I paid a lot more than $3500 in taxes by the way, that's just the amount my withholding was short.
It seems people are waking up, especially when SELLC agrees with PowerStroker on an issue...
Let's see what tax incentives both sides offer come 2020....
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
A Democrat is knocking another Democrat because it's bullshit and I call it like I see it regardless of who is involved.
But technically Besos is just doing what is allowed by law, so as angry as it makes me, the blame really lies with those who wrote the law in this manner.
I'm fully aware that a business should be able to write off investments/expenses etc, which I'm sure they already did, and which I do for my LLC. The $11.2 Billion is not Gross, it's NET PROFIT after writing off expenses. I'm of the opinion that Uncle Sam should be entitled to a cut of any NET PROFIT every year from all companies regardless of size or "contribution to society" for so long as Uncle Sam gets an annual piece of my profit. Some disagree with me, and that's just fine... Bat shit crazy, but it takes all kinds.
YES the 11 BILLION is NET...
The offset was from losses in previous years...
Do you really think a corporation should not be able to write off past losses?
Do you TRULY understand what changing that will do to the economy the next time the economy slows down?
You think it is some bullshit LOOPHOLE causing it...it is a VALID offset...
IF you think you hate the BILLIONAIRES right now...remove the ability to write off past losses...
next time the economy slows they will shut down their businesses...wait it out and live off their billions while the common folks STARVE...
Should Amazon not be able to write off losses from previous years LIKE EVERY OTHER CORPORATE ENTITY?
JUST because they had a GOOD year?
THAT is when they use the offsets...it is no different for a left leaning company like AMAZON...
-- Edited by Nuffan on Wednesday 20th of February 2019 07:21:49 AM
Republicans will likely cut taxes even more as soon as they get a chance because it is in their DNA.
The right does not understand that tax cuts NEVER pay for themselves as is often stated by right wing talking heads, and there is a long list of attempts you can look at.
I don't want to shut Amazon down, I just want them to pay at least the same percentage I do on my annual net profit.
Bezos is self made, I'm more worried about those who inherit multibillion dollar companies and then use their wealth to influence the democratic process in a manner negative to those who have actually worked a day in their lives.
The right does not understand that tax cuts NEVER pay for themselves as is often stated by right wing talking heads, and there is a long list of attempts you can look at.
it is not they pay for themselves...it is they lead to higher revenue....
and they do...they did so under Kennedy they did so under Reagan and they will under Trump...we already have gotten the FICA surplus back...
YOU KNOW...the FICA surplus that disappeared in 2015 due to stagnated GDP....
do not kid yourself the GDP is up 2 points...that is certainly going to increase revenues...
Bezos is self made, I'm more worried about those who inherit multibillion dollar companies and then use their wealth to influence the democratic process in a manner negative to those who have actually worked a day in their lives.
Self made?
Eh, you better check your facts... Bezos got a sweetheart loan from his parents to the tune of over a quarter MILLION dollars back in 1993 dollars... Plus all them donors and investors in the early days were more than likely friends of his parents at that time.
In fact, since going public - he has gotten MASSIVE - HUGE infusions of cash!
I guess if that is what you mean by self-made, then you really shouldn't have an issue with Trump's Dad giving him a small million dollar loan when he was coming up, right? And by your own logic and standards of "self-made" you would also have to concede that President Trump himself is also "self-made", right PowerStroker?
__________________
What is to give light must endure burning -- Viktor Frankl
I would have to say that asking citizens to absorb tax cuts for the wealthy, and then now asking the Fed to loan Banks and the 1% at zero percent interest or even worse yet, negative interest rates - so they get PAID to borrow money is beyond crazy!
What kind of shit-hole country is Trump trying to compare the USA to when he makes these bold claims about other nations doing it!?
And Bezos! What a shit-bag that song sings! Disavows his family name, divorces his wife and shacks up with his buddies wife and just recently sold a few billion in stocks.. If ever there was a Zoolander of the business world, Jeff Bezos is it! When this guys company folds it's going to drag the market down pretty hard and to be honest I have NEVER been a fan of Amazon of any of their offerings! I think their site is a cluttered POS and it's almost pedestrian in a digital world. Did I mention Amazon didn't pay any taxes last year?