How Amazon Paid $0 Federal Income Tax in 2018
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Amazon paid $0 in federal income taxes in 2018. On top of that, the company also received a multi-million dollar tax rebate from the federal government. How does the company do it? President Trump's tax cuts, aggressive revenue reinvestment, years of R&D, and employee stock compensation all helped. Does America have a corporate income tax problem?
Amazon is one of the world's most valuable companies, valued at nearly $800 billion, and the e-commerce giant pulled in $232.9 billion in global revenue in 2018.
And yet, Amazon's federal tax bill this year: $0. For the second year in a row.
In fact, Amazon is actually getting a federal tax refund of $129 million this year, due in part to a combination of tax credits and deductions. This is despite the fact that Amazon nearly doubled its taxable income in 2018 to $11.2 billion, from $5.6 billion a year earlier.
In other words, Amazon is basically paying a -1 percent federal income tax rate this year after reportedly paying a federal rate of more than 11 percent between 2011 and 2016, according to The Week.
Sen. Bernie Sanders, I-Vt., who has criticized Amazon in the past for not paying higher federal taxes, took to Twitter to point out that any Amazon Prime member paid more for that program's annual fee ($119) than the company paid in federal taxes. Prime has 100 million subscribers.
"Amazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years," an Amazon spokesperson said in a statement provided to CNBC Make It.
Amazon reported its sizable federal refund in a recent corporate filing for the company's fourth-quarter earnings report. However, Amazon also notes in that filing that it will pay $756 million in total taxes this year, between state and international taxes.
A report this week from the Institute on Taxation and Economic Policy, or ITEP, a nonpartisan and nonprofit tax policy think tank, pointed out the fact that Amazon will not pay federal taxes for the second year in a row. In fact, last year, Amazon received an even larger refund, getting $137 million from the federal government.
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How Amazon Paid $0 Federal Income Tax in 2018
What do you think of the corporate tax rate in America? Should it be higher? Lower?
It should be based on the corporation size.. so that small scale businesses can be survive...
It should be *ZERO*
@@islandbee then people should pay zero.
Yes
The corp. tax rate should be 30% for the highest brackets (millions of dollars a year) and a Value Added Tax should replace sales tax, (tax profit, not sales, the tax should be baked into price). For corporations earning less than $200,000/year in gross revenue should be taxed at a 10% corporate rate.
But the IRS comes after me for an extra hundred bucks I can't prove I paid for a school textbook.
You need more lobbyists in D.C.
Amazon actually has records for all their expenditures that are eligible for credits and exemptions. That would seem to be the key difference. What precisely should the IRS be going after Amazon for? Paying all the taxes they are legally obligated to?
The tax should be on US sales so we don’t care about tax write offs because they are taxed on sales US. If. Companies move it does not matter because when they sell in the us they will be taxed and we know US is the biggest market so they can’t ignore US
Do not claim things you can not prove, simple.
Lmaol I have been there for sure...this comment hit home runs
I did not bribe my teacher. I lobbyed him.
Not defending the rich/govt but it’s not Bribery...it ain’t illegal so it’s Lobbying.
@@youreokayboah2128 its legal bribery buddy
themis pavlitsas
That’s literally what I just said, except it isn’t illegal, so it’s called Lobbying. Jesus you people
How much does that cost? Only $5 in the Philipines!
That's a form of seduction!
Lex luthor is so evil even joker pay his taxes.
😂🤣😂🤣😂🤣
I mean not really Amazon is a business not a person, only people pay taxes and Jeff Bezos 973 million dollars in taxes and not only that. The resources that Amazon would use to pay taxes would hurt poor people because, those resources would be better spent hiring new Amazon employees.
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bullrun, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?
I noticed, a lot of folks are making huge 6figure killings in this downtrend, only just that such technques are mostly successfully executed by folks with indepth mrkt knowledge.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technque to navigate better in these times, so I hired a portfoilo advlsor.
@@Walter_hill_ Impressive can you share more info?
@@Oly_laura Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.
Lobbying is called bribes in third world countries. Its just a fancy name here.
no, a bribe means there is a quid pro quo.
@@hemanthponnada4763 Amazon pays lobbying mon(bribes) and get tax policies that enable them to pay zero federal taxes. Quid pro quo right there
campaing donations are just legalized bribery
Emran Hossain I just uploaded a comedy video 😳😳 with
DOLLS 🤣
People are bullying me for it 😭😭👌
@@ideeyes4054 Only donations by rich fat cats. Grassroot donations are the complete opposite.
They "invest" in politicians. That's the short answer.
Did these employees pay any income taxes? Amazon (AMZN) revealed Thursday that it had 541,900 employees in the third quarter, up from a little more than 300,000 in the same period a year earlier.
Put another way: Amazon has added nearly a quarter million employees to its headcount in a single year.
MR IT409 It’s 11.9 billion dollars in profits, and they got a 129 million dollar rebate. Those jobs were probably going to be created anyway, Amazon has been consistently growing for over a decade. Most of those jobs pay 15 an hour which is better than most but not good enough for not paying income tax. Perhaps if they employed 750k and payed 20 an hour to start, you could make a better case
Which is why we need Democracy Dollars.
@@mrit4099 But did Amazon pay taxes due ? Is the question.
@@regu5987 YES
Worker: Flipping Burgers for minimum wage
*Government* : You need to pay taxes
Amazon: Makes 232.9 billion in revenue.
*Government* : *Your good no need to pay anything*
Son don't be dumb, read a book sometimes. There's a difference between a job and a business
In many countries even in Europe (the nordic ones) made this before USA, in Sweden the people pay to much taxes, but an enterprise in sweden pays 19% tax rate, thats because the companies are always an income to the state even don't pay corporation taxes, they sell products their products have sell-taxes, they pay wages to their workers, the workers of their wages have to pay taxes, and the company pays indirectly taxes for buy another things. If the owner or Shareholders want to draw out the money, have to pay personal taxes that are higuer than corporation taxes, if they reinvest the money the enterprise doesn't pay taxes, but creates jobs and expenses and indirectly they are government incomes.
Oh come on that’s ridiculous. When you’re a worker you have different government duties as opposed to a business owner
@@pranshuanand4560 That leather taste good?
you guys are so dumb. The reason Amazon doesn’t have to be pay in income tax is because Amazon was at a lost for many years. So, the US government isn’t going to tax them until they make profit again.
Amazon: Pays no taxes
Me: I pay taxes on my every single Amazon purchase.
Do you know what federal income tax and sales tax are? what you pay are state sales taxes that amazon pays.
@@RacketTattoo yes. Money that does NOT come out of Amazon's pocket. It comes out of ours.
@@CameronBrownCB if prices rose, we could buy products from competetors.
Everyone has to pay those taxes if Amazon wanted to buy a couple delivery vehicles they would be taxed on the amount of vehicles they bought.
@@isaidno.5650 YES YOU MORON. EVERYCOMPANY DOES THAT.
Welcome to the United States of corporations.
United Corporations of America and their Corporate Congress
Yeah, and that iPhone you're typing this, was made by one. So, no corporation, no commenting on TH-cam.
@@abes.4040 Wanting people to be heard more in politics instead of multinational corporations, doesn't mean they hate businesses doing business, its that they should pay their fair share of taxes and that those loopholes they use should be closed
More people need to realize this.
@@abes.4040 Not sure why this means they, the richest corporation in the world, should pay no taxes while the rest of us do
$ $$$ A trillion dollar company pay $0 in tax no wonder America is broke. I used to have a small business and paid over $30,000 in tax per year. Not fair at all.
Cindy Li looooooooooooool do you think America is broke search about Egypt bruh
@@shicko7870 22 trillion dollars in debt yeah that's broke
@@theshield1613 A dollar bill is debt. Our currency is literally debt. To pay off the debt is to remove all federal reserve notes from circulation and drop everyone's bank account balances to zero.
Trillion dollars pay your taxes...
@Khunta Khan isn't that besides the point? They paid NOTHING in 2018. Just because your carrying out the american dream just like Cindy Li doesn't mean they have a no tax pass. You are literally supporting a monopoly and being a corporate sheep.
i've started studying nursing this year and i've spoken to a bunch of nurses, with all kinds of qualifications, about the type of salary they get and if it feels fair compared to the gruelling and emotionally straining hours they work. They all said that the tax cuts are just brutal, and you're barely left with nothing after paying insurance and other living costs, but they are passionate about their job and that's just how nursing is - long hours, emotional stress and little pay. I feel so angry that these hardworking front-line workers can't feel like they're allowed to complain about tax because it would make them look less passionate and dedicated, while billion dollar corporations can just casually not pay tax
Amazon pays a lot of taxes it pays taxes on its buildings, it pays taxes on its workers, it pays taxes on its fuel, It facilitates collecting sales taxes. On corporate taxes it does not currently pay them because of allowable deductions on expanding and buying new buildings. But the tax code was designed to encourage companies to rapidly expand and employ new workers.
@@davidwalsh6608just like normal citizens who also pay takes on almost everything.
Funny how people complain about amazons taxes but yet they still buy from them.
Exactly! And I can honestly say I have never bought a damn thing on Amazon or anywhere online and I refuse to, it kills jobs.
People have very little choice because Amazon puts local businesses out of business.
Many people have no other choice.
@@michaelhernandez8772 some people don't have a choice
80% of the food crop are cultivated with chemicals that can be harmful to our body
But yet still you eat it right
And you know why.
Because the government had made it sure you have no other option left for you🤷
Poor people : That’s not fair
*Gets rich*
ex poor person : it’s fine
I wouldn’t think it’s fine if I’m rich and those that are struggling are paying a higher tax than I am.
AmanA M trust you would if you’re rich.
10% of the richest American pay 70% of the federal income tax.
So it's not fair, but not in the same sense
@@maten146 how is it not fair?
@@maten146 I'm confused, wouldn't the rich by default be paying most of an income tax? They'd be bringing in the most income in the first place
and they take 50% of my income....
50%? wtf country u live in
@@darukan yep that happens, baby. But I was in Dubai for 10 years and when I got a couple of remote jobs that paid $80k-$120k a year, I paid no tax. The point is where you live and where you work are so important.
@@LettuceBunnies I know, I'm just wondering where the hell this guy is that he pays 50% in taxes
You're dumb, Bezos is smart.
Smart people don't pay taxes/get robbed.
@@darukan Canada you can get taxed 50%; depending on your income level.
0:26 elon musk: hold my rocket
As an economist, I can tell you Amazon is contributing billions of dollars to our economy and in tax revenue to the government. It is too simplistic to simply look at a corporate tax return and say “their not paying enough” Tax them directly in a significant way, and they will move the corporate headquarters to Dubai in a month.
Save your explanation man.... These fools dont understand 1+1=2 and call maths racist..... All they want is to live a rich life with zero work....
@@amanpandey2154 Trying to insult people online, yet you failed to differentiate live and life. Great work mate.
@@ihadtodancetosurvive1824 Trying.... no I am not trying.... I am insulting.... I appreciate the fault pointed out... Let me correct it for you... secondly, nice typical expected reply... come with logic, not language rules..... and as far as language is concerned... since I have used they I should go for 'rich lives' instead of 'a rich life'
Like they can move, lmfao. Don't know why y'all so scared of companies. If they move the us can easily back another company and get it as big or bigger than amazon.
This is the same logic as "if we raise minimum wage then prices will go up too" like prices aren't rising already.
@@vibez2806 Exactly, if they don’t appreciate democracy then a monarchy like UAE would suit them. Tired of idiots thinking that they would ever see Amazon’s so called contributions help the development and progress of society, it’s only going back into the pockets of the rich. The elite are their own tribe and keep their wealth between themselves. Tax Cooperations.
Lobbying is the real destructive tools for most issues.
Call it what it is, legalized corruption.
Bezos is a Democrat. It’s ok
Yeah. Look at what happened with the tobacco giants. Leads to crony capitalism.
YES!
Lobbying is nuetral dude, people do good and bad with it
They lowered corporate tax from 35% to 21% and increased federal employees tax, now families make less due to federal tax increases and corporate make more due to corporate tax decrease.
Big Money in politics is what got americans screwed.
Thomas Borisov fax
Y'all voted.
RedNitro Hacks he makes most of his decisions due to his business because he knows no ones gonna votes for him after 4 years so he’s doing what he can do benefit his company that’s why he lowered interest and tax etc
At least you have a job because of these corps only.
After COVID-19 , they’ll claim the government owe them tax credit. Lol
From all that money he is making from not paying taxes, he should be paying his employees more 😤
Minimum wage in Amazon $15 per hour
Yeran Gamage Hes the richest man in the world lmao him paying his employees 15$ an hour isn’t that mich
Yeran Gamage I work at a amazon facility the work is nonstop definitely worth more than 15$
People are payed based on their value, if 1 million people can do the same thing I can do, my value isn't very high. On the other hand if I'm the only person out of a million people that possesses a certain skill that the company needs, my value will be sky high and my pay will reflect that. Point I'm making is, make yourself valuable and you'll get rewarded, earn the money, stop asking for handouts.
He does. He payes more than other companys for the same skills and work
Its a scam for the poor. A blessing for the rich.
No. its scammed from the poor to keep them poor.
No this is simply a scam and or just theft no other name for it.
then get rich! Jeff Bezos started with nothing!
peter allison great add on very true
GGG GGG ...he had investors and was a Princeton University EE graduate fytb nothing
Yet small business (the back bone of the economy according to politicians) can't use 90% of those breaks and credits that multi-billion dollar multi-national companies take advantage of
Sneh Patel did you not even watch the video?
Sneh Patel Of course they can't! Those small business don't give the politicians hundreds of thousands of dollars.
Amazon is destroying small businesses amazon can’t give us all a job and if it did you think it would pay us well? You think it’s bad with the present big retailers and fast food industry wait for amazon take over which is basically Walmart 2.0 and it’s becoming such a big deal they are trying to implement a basic income to every citizen because having a job will be almost impossible unless you’re a scum bag or allow yourself to be treated like one. It already is like that in a way. However those with connection and in good rich circles will always benefit and defend the system.
raffpants618 small businesses is the backbone of the economy
Then create a bigger business and provide a bigger solution to problems. Stop making excuses.
I’m learning how to do that. I bought the entire Rich Dad Poor Dad book series. There is a way to work around the tax code... you just need a business (any)
You also need an income that's not coming from a W2, so there's that.
I’m no so much upset at Mr. Bezos for winning the game... I’m more upset with our government, particularly the legislative branch, and how this game has been established on the backs of taxpayers...
Taxation is theft. Always payed by the middle income families.
Why not change the legislative branch of government be a regulator or inspector to stop this
When Amazon pays their employees with stock all their doing is shifting the tax burden to the employees.
Lol what?
@@PAS2010D Amazon gives employees their paychecks in the form of stocks maybe not all of them but some of them is enough. When the employee sells it they are paying capital gain or loss, their check might not even be worth what they worked for.
@@Gabriel.4190 that's why you hold that stock until it's time to retire. A cart pusher in my town worked his whole life at walmart. Never moving up in the ranks on the lowest salary. When he retired, he sold his walmart stock. Which had risen tremendously in value over the years. He is an uneducated, low wage worker who retired a millionaire. By no means am I claiming his story to be common place. Getting in on the ground floor doesn't happen for everyone but when you save what you have and don't wash it out everytime you're given shares then you can have a handsome nest egg. Not like amazon is going under anytime soon and if it does start floundering sell out.
Your comment makes no sense whatsoever. The OTE that incorporates stock options is great because as the company revenue grows, so does the employees OTE year over year. Employees have the ability to cash out whenever they want and pay tax.
@@vinny1010 what if Amazon is bubble? Does it make perfect sense now?
Her: so how much do you make?
Me: let's just say I pay more taxes than a large company like Amazon
Edit: wow I didn't expect there to be so many uptight people who can't take a joke. Murphy's law: the best way to get the right answer is by saying the wrong thing and someone will eventually correct you
Amazon pays billions in state taxes, not to mention unemployment and other taxes. Sure federal was 0 but it's a lie to say they don't pay taxes.
JP they pay billions in state taxes. Just not a lot in federal
@@swampdonkey7552 Absolutely and don't forget that the 50% of American people don't pay either Federal Taxes thus they pay the same amount of taxes than Amazon that is to say 0.
Furthermore 70% of all Federal income taxes are paid by the top 10% of earners which make this taxe a very progressive one.
If she asks how much money you make, she's not a keeper.
JP I just uploaded a comedy video 😳😳 with
DOLLS 🤣
People are bullying me for it 😭😭👌
I am pretty conservative and I believe Taxes should be low but this is just plain wrong. When a massive company the size of Amazon is paying NO INCOME TAX then we have a problem.
Why don't you start a massive company and the taxes won't pay
So if I work at Amazon I can get stonk? I saw a sign on the bus that said they were hiring. And they will pay me in stonk?
I’m paying a higher tax % then amazon..
suchasreallife that doesn’t mean anything lmao
You aren't creating any jobs.
why do you compare yourself to a corporation? compare yourself to other people: people who work for Amazon pay as much as you
Human Being that’s the part the Bernie bro’s don’t get.
Amazon sometimes spends all their revenue on expanding their business and thus have zero or even negative earnings. You only pay corporate taxes on earnings. Obviously you must have had positive earnings if you paid taxes. If you are an independent trucker and one year you decide you have to replace your truck with a new one and it costs whole year's income to purchase it, you would have no tax liability that year. That is essentially what Amazon does frequently.
USA the only country where one headline is "Amazon not paying taxes in 11B profit in 2018" and the next headline is "Homelessness growth hits double digit in 2018"
JC4 this is incredibly naive
JCP ignorant*
Let's add more homeless and open the border too. It should be fun in the "West Side".
did you know being poor is a CHOICE ?
@@diegofung95 For the next generation yes.
In less than two hours (in my timezone, as I am typing this), this video will be 2 years old. Geez, 2019 doesn't feel that long ago at all, and yet it's so far away already.
so how much new taxes is NY getting without amazon?
I made 70,000 last year and paid over 9k in federal taxes not even including state taxes and social security but they can make billions and pay no taxes?
The bigger the corporation the smaller the tax bill. They just have too much power.
Evil World We Live In..
How many jobs did you create? Oh yeah...
Erick How would a company be successful without employees?
@@AfjeerOf not paying taxes is an incentive for the employer to innovate and reinvest their earnings. Everyone and everything responds to incentives. Go and ask an economist and a psychologist and they'll both tell you the same. Amazon has not paid taxes per say but their corporate officers have. Their employees have. The people they indirectly affect when doing business have. It's a cycle that has to be started somewhere in order for it to create a domino effect. It's the reason why multiple cities across the nation are begging Amazon to stablish it's second headquarters there and why they provide incentive to many different companies. It just happens that were obsessed with Amazon and everyone keeps talking about that one company while countless different companies in different cities are getting 10+ tax free years for setting up business there. Just like at how Phoenix, Arizona has been growing as a business center. Because of TAX INCENTIVES.
The real question is, will they let Kevin Spacey play Jeff Bezos in the Amazon documentary
Lmfao
@@darellarocho5729
i was just thinking about how they look alike
hehe
@@seif.z Lol
WRONG!
They both love packages big or small.
Its all legal but the tax laws are unfair to the middle class that pay a portion of their income every year in taxes.
"Stupidity is a commodity worth paying for." - The Rich
"Someone has more money than i do so i automatically hate them" - Jeff C
It seems that Andrew Yang is the only politician speaking about this.
Edgar Quezada you forgot about Bernie, he was talking about it since the last election
@@zz-fu9ys And whose plans would cause anyone important economic wise to high tail out of the US. However Yang's VAT is old news to nearly every country the big businesses would flee to has a VAT and combined with the UBI program they, on a macroeconomic level, cancel each other out.
Raising sales, income and creating a wealth tax is just going to cause the same old problems they always do, all the money makers are just going to be very sneaky at best or go to some place that is nicer for them to do business in.
@LAFOLLETTER Brand loyalty combined with consumerism, makes getting money very easy with nearly no issues. Combined with Amazon's many ambitions and you get the business equivalent of a impenetrable stronghold that can be relied upon to make money.
@LAFOLLETTER I meant for the "morons shop at Amazon" not you in particular.
LAFOLLETTER It also depends where you live, where I live, ebay’s selection sucks and isn’t necessarily cheaper than Amazon
STOP CALLING IT LOBBYING!!! It is B R I B E R Y!!
Let's leave it in "legal bribery"
@@Ilegator yes, great way to put it
Not bribing when you bribe the government itself
@@sjakierulez What? Please explain.
Serie26 bribery really only applies to individual government officials, that take money to go against laws/the government illegally. If the entire government is structured to accept bribes then it’s not really bribery nor is it illegal, which is why it’s called lobbying. The term bribery implies illegality or deceit, which is not the case here.
Doesn’t Amazon still have to pay AMT (alternative minimum tax)? If they manage to lower their corporate taxes below the AMT rate?
Federal income tax and corporate tax rate are use interchangeably mostly in the last part of the video. Is that the same thing or not?
Amazon is trying to modernize and automate their business. So the cut they were givin, which is supposed to trickle down to the employees, is instead being invested in technology that will replace them.
And that is the real crux of the issue. I work at Amazon right now and they recently build an automated warehouse near me and the place I work at has had their employment heavily dip and the number of products going through the building doing the same. A building that only a while ago was one of the biggest in the area is now a shadow of it's former self.
This means those cuts definitely wont return back to the people. And with Amazon going fully automated other warehouses will shortly follow suit and possibly buy or rent Amazon machines similar to how many data centers are owned by Amazon. Many don't even know that games like even Fortnite run on Amazon data centers.
Go learn how to repair the automated machines when they break??
Jack Smith they could train some of their employees to be technicians but it would be a small fraction of their workers. No company has ever automated their business and then kept all the employees on salary just in case a piece of equipment breaks.
@@patdeen6648 That's just the natural workings of capitalism. In order to keep up profits they must continually cut labor costs. However the world is finite in size and the workers can not buy back all that we produce which leads to continual economic crisis. Capitalism is the first system to suffer from crisis of over and not under production. The capitalist close plants if the can't make a profit or can make bigger profits elsewhere.
@sploofmonkey That's always been the case with the factory system. Just watch Charlie Chaplin's "Modern Times" which was made in 1936. Alienation comes from the bargain workers make with the capitalists. You go to work do what you are told and in return your allowed to leave go home, sleep and return the next day and do the same thing all over again. Your wage is only meant to keep you alive so you can come back and work the next day. So when you leave your employers property your always left with a sense of having left something behind.
Sounds like they have a great accounting and tax attorney division.
more like lobby bribe division.
The cost of which is probably also tax deductible
Yes but First, It’s the Politicians creat tax loopholes to allow them to do this.
@Southeastern777 A lot of slaves as well..
Y'all know that this loophole is just spending whatever 'profit' they have so that there's no net profit right? Literally any company can do this. Tax is only paid on the profit (revenue-expenses). There is no political party that can remove this 'loophole'.
and people say we tax the rich way too much
US people: We have 28 trillion$ in debt.
Congress: Lets incentivise corporates.🤗🤗
I mean they really should because, corporations don't pay taxes because corporations aren't people only people pay taxes
and Jeff Bezos pays over 973 million dollars in taxes and not only that. The resources that Amazon would use to pay taxes would hurt poor people because, those resources would be better spent hiring new Amazon employees.
And those Amazon employees can work their fair share and use the money that they get from Amazon to pay taxes
You see how that works ?
Only in America, The Richest Man in the world doesn't pay any tax while common man goes to jail for not paying tax on time.
That's exactly right the way it is, I haven't seen common men having the same monumental worldwide impact on revolutionizing e-commerce, he should enjoy his millions, billions and trillions for his achievements & not be bothered by people jealous of his success, who don't succeed in life themselves & try to find someone to blame their misery on
@@driver13g27 If you think people are jealous of a guy whose employees pee in a bottle or wear adult diapers because they can't even get a toilet break then you are truly delusional. Nobody says that about Bill Gates or Elon Musk because they are true revolutionaries changing the world for better whereas the guy you are supporting cares about nothing but amassing wealth.
@@driver13g27 IRS mainly persecuted those that don't report what they make. Not doing your taxes wont get you in jail just big fines
Honey, know the difference between tax avoidance vs tax fraud. In case you didn't know, most libraries are free...please educate yourself.
So you agree the government is the problem, right?
College self: Higher taxes and more programs makes society better
Working self: Lower taxes and less programs makes society better
School self: "I want food, shelter, playstation, car and Jordans for free." No wonder the younger we are the more receptive we are to socialist ideas. When you actually start putting in hard work to make money you realize its value.
The moment they talk "productivity" they immediately offshore.
The rich don't pay taxes, taxes pay the rich
Esharido wrong the rich at the end of the day pay you . You pay the government, they invest for you
Imagine being this stupid
The rich create jobs also. The taxers, i.e. alexandria ocasio, makes you lose jobs.
Exactly. They let the working class pay taxes for them.
@@GameFuMaster Jeff Bezos and Mark Zuckerberg do not create jobs. They replace jobs. 80% of the workload at Amazon, Google, Facebook and Apple is completely automated. They want to get that number up to 100% if they can.
He payed with Hair.
"Bald people sacrifice hair for power." -EroldStory
Doll-hairs
@Erinne Cat that was bad...
@LagiNaLangAko23 😂😂😂😂😂😂😂😂😂
Good Piece
He did it by obsessing over customer experience 😂
It's still work though, he put his company millions of dollars in dead seeing so far into the future of a possibility that most people didn't even imagine
At the time, it took real guts to do what he did
8 years without a PROFIT and Jeff still has hair on his head. Remarkable!!!
😂😂😂
Bezos should see Elon Musk's hair transplant doctor, ASAP.
Because profit is not what he is after; it's the 21st century, market share first and foremost
@@augustinefaithdefender no..... that would be Jared Kushner.
They used a lot of profits for reinvestment for tax write off. :)
Jeff Bezos has the best politicians money can buy.
No accountant can get your tax bill all the way to zero. For that kind of magic you need a politician.
Fact
Amazon doesn't pay $0 dollars in taxes lmao that's ridiculous it's just a figure of speech
Corrupt
Sua sponte ranger.
Ranger Really creative accounting, yes
You know they wanted him to play as the lead character in the Hitman Codename 47 series? He refused.
Elon musk: “hold my beer” 😂
No joke. We all have been told to value green electric, but really so far those tax credits have been a subsidy to Tesla that only upper middle class can afford to take advantage of.
Search criticism of Tesla on Wikipedia
So I paid more federal tax than amazon, that doesn’t sound right...
It does, amazon created more than 100.000 jobs by it self, and more than 4 million jobs because of it, while you created 0.
@@NikolaHD So basically large corporations shouldn't pay taxes at all because they provide jobs.. Yeah that makes no sense considering they NEED the employees to function at all.
do you also employ 600k people?
Yup
Yes, Amazon who employed thousands of peoples paid 0 Federal tax then somone whos a couch potato watching netflix. Are you suprised?
Now , Let's talk about CNBC Tax Return's ...
CNBC left the chat :
are you making some indictment based on some investigation whit evidence and proof, or are you youst beliving some bulshit you heard on fox or www.theconspirationist.lol ?
@@michelesoldati6030 Surprisingly, they actually pay a lot of taxes. Over $3 billion. www.forbes.com/pictures/mef45kghl/13-comcast/#669998a35eff
@@yaj1v only because they had to make this video 😉😉
@jocaguz18 it's a pretty terrible joke then
Look up the "incidence of Tax"
It's an idea in Economics that says that the corporations tax will be partly passed on to consumers via higher prices.
The real problem is govt spending. If they stop wasting your money there would not be much tax at all.
I did the math, if you watched this entire video, amazon made $8.45M in this 12 minute video just off prime subscriptions.
Good for them. I get what I want at a good price. The government needs to go on a diet anyways.
why is amazon making money a bad thing?
@@alex3016 Wealth envy. Amazon finally making money is a great thing. Eventually, the executives and the Corporation will contribute to the tax coffers. Amazon is only doing what is legal according to our tax laws passed by our noble leadership. Is the $hit getting deep yet ?
You are not taking into account the costs. This is not gross profit, it's just addition.
Your math is off.
Amazon made $14B from Prime in 2018. That's $323k over 12 minutes if averaged out over the year.
TRUMP 2020
get that VAT!!! #securethebag #YANGGANG
@SSJaye "Not Left. Not Right. Forward!"
He’s got my vote
@SSJaye You'll see
He has no chance of becoming president.
Plus they started now to hold customer refunds for weeks after receiving the returns. AKA they are using customer funds for raising working capital.
Wow the image of the stock is for 2019. I can only image what it is for 2020!
Wait, did those New Yorkers blame Amazon for not paying tax legally instead of blaming their own law makers?
I would gladly agree that Amazon is out to make money. Would you claim they are doing so unlawfully? Would protesting against a company have a better chance at changing towards a positive outcome than changing your own lawmakers to those who are more in line with what you agree with? If you have people in power who are easily influenced by power and money, then the fault lies with those who put the people into power, not the corporations who are looking out for themselves. You are making it sound like there is something wrong with wanting to make money. I don't know, you just sounded like someone who are angry that they voted for the wrong people.
@@LouwNieuwoudt Lets compare what you are saying to other examples. Is it illegal to make a "mistake" that kills people? Generally, yes. GM admitted in federal court to killing 13 people with faulty ignitions, no one was prosecuted. Banks doing both consumer lending AND investments was illegal, they lobbied to change that, then immediately caused the housing crisis. Was it illegal for VW to purposefully build systems to defeat environmental testing? How many executives were prosecuted? Finally, HSBC was caught knowingly laundering money for Hezbollah, Al Qaeda, and the Sinaloa Cartel and not a single person was prosecuted...they just paid a fine.
So I counter your argument of "Would you claim they are doing so unlawfully?" with "Does it matter?", because US history is FULL of cases of corporations breaking the law, sometimes doing some downright horrendous things, and the leaders of said companies literally never get prosecuted.
@@jameswood5832 It matters what is legal and what is illegal, and that is a point which I'm trying to make. I'm not saying you should like massive corporations getting away with "X", I'm saying make it illegal to do so. "The people" are now protesting something they do not agree with, whereas that should not have to be necessary in the first place. While it's great that these 'infomentries' shed light on these issues, picketing against each and every corporation that takes advantage of the system is illogical. Make it illegal so they stop doing so in the first place.
@@LouwNieuwoudt that was their first line of attack. However, you must know by now that New York is a liberal state. It's sent to Washington lawmakers who can't wait to change the law.
@@LouwNieuwoudt ". Make it illegal so they stop doing so in the first place."
Like how things being illegal stopped all of the examples I listed? The problem is, the system itself is broken. Changing a few specific rules inside of a system cannot fix a fundamentally broken system.
Blows my mind that people keep voting for politicians who give tax breaks to their rich friends while shaking the rest of us by our ankles. Talk about voting against your own best interests
Andrew Yang sent me here. #yanggang2020
Zak Jackson had to like that hashtag hahahaha
But hang on! Donald Trump isn't a politician!
So was built the USA. It is in its core. People who rent real estate to others and own business almost don't pay any taxes. Because they are doing the most important job in the country - providing roofs and jobs. Employees are exchangeable any day, any hour, any second of any century. Entrepreneurs are not.
foxnews
Have financial education which you can't have in schools to get to this guys level.
Legally they only have to pay 20% in the UK but they still avoid paying it, only paying 0.1% last year
Andrew Yang is the only candidate that solves this problem properly
No - on Jimmy dore he was taken to task for not breaking up firms.
Minimum wage workers miscalculate their taxes by 2 cents: irs threatens to sue
Amazon pays zero taxes: rewarded with 129M rebate
It isn't a miscalculation, every article i've read about this is very very careful(to prevent being sued for slander) to explicitly say every single thing amazon is doing here is perfectly legal. Also the IRS rounds to whole dollar amounts, nobody gets threatened by the IRS over 2 cents.
Apparently getting $129 million rebates means they not only paid their taxes, they paid $125 extra dollars over the course of the year. They over-paid by $125 million.
Its totally differant lol. There are legitment ways to avoid taxes
MFulmer456 Amazon has paid $160,000,000,000 in taxes since 2011.
hzuiel just because it’s legal does not make it right I remember a president saying a immoral unjust law was ment to be broken
General Public: I PAY MORE TAX THAN JEFF BEZOS
Math Teacher: All positive value is greater than ZERO
how much was distributed to shareholders
To add to that, The jobs they create don't pay enough to even make rent.
is that amazons fault, though, or should there be a higher minimum wage?
@@BrentBMX It's a systemic problem. Corporate Greed has been put before the employee. A lot of these super super successful corporations record billions in profits and the low income worker can't afford rent. This lower class is growing exponentially every year. Soon enough something will balance out when people stop buying b cause the cost of living is just too high.
I agree with you
Amazon actually pays pretty well.
Compared to other companies, Amazon pays pretty good
Two classes in this Country, the Rich, and you. And that's just how they like it.
You pay, they don't, You break the Law, you go to jail, they get all the charges dropped.
the rich, the middle class, the freeloaders. amazon doesn't pay federal taxes, who pays for welfare?
Tell that to Elizabeth Holmes. That b!tch is going to jail.
True
True.
Jeff Bezos provides more money for government services than the entire state of Wyoming. That's not Amazon, Bezos himself.
Andrew Yang has the solution for this with his VAT Tax.
Why is amazon paying no taxes a problem
SpaceTime Gaming Nothing illegal about it. But I am against cronyism. I would rather there be some sort of flat tax. I don’t like it when they pass laws with loopholes
@@MrLogicAndReason but their investment and stock based compensation and losses from previous years is the reason they pay 0 in taxes i would rather let them pay 0 and create jobs rather then pay x and create no jobs
SpaceTime Gaming I’m not sure how I feel about the stock based compensation. But regardless , many of these companies are investing in automation/AI which replaces Jobs. I would rather they get a deduction for each job they create and (like Yang) id rather discuss getting rid of the payroll tax to make it less costly to hire people.
We still have to pay extra for VAT and Amazon still don't pay income tax.
Andrew yang about to put the stop to this
Andrew who? Lol
jollygamerguy give him a try. be open.
It's called tax evasion, and worse, it's legal.
no its being smart and following what the government said they can do lol
@@coreyxm1 It's called tax evasion and it's legal. Pay careful attention.
@@michaeljavert4635 They still pay more in taxes than you. PaY cAReFuL aTtEnTioN. Don't complain the government knows how important they are in the country and gives them loopholes.
They still have to pay other taxes right? Other than federal income tax
Thumbs up if you came here to read all the Andrew Yang comments
It G Ma , Lol yes.. Here!
Who?
Pixel World a presidential candidate
I hope yang makes them pay.
How are regular folk paying so much, yet the ones that make the most pay little to nothing. It’s sickening.
Welcome to the land of the "free".
Yang is a moron. Amazon is responsible for billions in tax revenue.
Correct me if I am wrong, and I often am, but the last time I checked, the top 1% of earners pay close to, if not more than, half of all taxes which then likely get distributed amongst the bottom 1% of earners and pretty much every person who is not in the highest earning tax bracket.
@white kid that's what they said in 2016 for Trump lol
Its call the U.S. tax code..Completely legal thanks to Congress...Both parties passed it and know what it is..Now they act surprised and both blame the other party..
They didn’t pay on federal income tax but they paid 2.6 billion in corporate tax and 3.4 billion in the 3 years prior to 2018
I'm not disagreeing with you or saying you're wrong but I would like to point out the absolute majority of people think that federal income tax is the ONLY tax involved since most people are W-2 employees and only do taxes on their income. People don't do their own research. So they assume if they pay no federal income tax, that Amazon gets to keep every penny they collect.
0:38 Don't give him such crazy ideas, he might just do it. :P
I love how we still think the trickle down theory works.
@@thelvadam5269 I think it will be a good thing that we automate everything. Because if we don't have money how are we going to by the products we make.
It's that type of thinking that props up the anti American communists and punishes Americans. The poorest are hit the hardest, the smart companies just move to a land that is open for business.
Thel 'Vadam - So what's your proposal, raise taxes on everyone and stand against everything the USA truly stands for, including all our rights, all our freedom, our equality,and freedom under our law?
It clearly does. Your life expectancy is higher than ever and you have access to devices that were unimaginable just two decades ago. At costs exponentially lower than previously as well. Stop buying the government propaganda.
The real evil is the Federal Reserve, not corporations. Corporations just have the power to defend themselves against the evil that is central banking and big government.
It's not being hoarded at the top, it's being circulated. The top just knows how to circulate money in a way that will increase their returns. On the way to those returns the money passed through countless hands though. @@thelvadam5269
This phenomenon is global . Even in India here, large corporation don't pay or pay minimal taxes.
jeff bezos and elon musk watching this from from their bathtub and laughing on the poor people comments .
Government angry at Amazon for not paying taxes
Also Government: debt go brrrr
i wonder where they got this video idea? probably Andrew Yang - has been talking about this for a long time.
if you want to hold Amazon accountable - vote Yang 2020!!!
get that VAT!!! #securethebag #YANGGANG
@@Natech108 Maybe. How does this really end up increasing the taxes Amazon pays? It seems like from this video that they didn't so much as hide their income, but simply reinvest their profits in ways that allowed them to then write that off their taxes.
@@charlesearp6133 The Vat isn't meant to increase Amazon taxes. Yang has a separate goal to restructure tax policies that will not allow as much tax credit
Andrew Yang wants to fix this. #yanggang
LOL that clown is not even in the picture anymore. Forget about him. If you want to create socialist society, start with yourself. Donate all your money and wealth. Asking your employee to stop paying you.
Yang gang
@HerooftheNexus 1992 YOU know all these tax dollars that these progressives are going for?DID you ever think that over the past 30 years the Democrats and the Republicans have basically Dismantled the IRS into a skeleton.A free for ALL FOR companies, millionaires, billionaires, if Warren or Sanders gets elected they'll probably sign a presidential order to grow the IRS 10x The size it is now!! that means all you people are going to be audited.. but President Trump did me a favor. the new tax law You can't deduct a nickel until you meet the $25,000 deductible.. basically keeps me honest!! but what abut My employer? more than half of his money is Paid to him in cash.this guy is making a crapload of money he's going to have a crap load of problems going back years.. when the IRS takes inventory? It's going to get ugly.. and kind of funny..
@HerooftheNexus 1992 Conservatives are terrible and isn't a philosophy that helps regular/poor people. The only thing conservatives have is "lower taxes" but even then you also want to lower taxes for the rich. The last thing we need is a conservative. We need a progressive.
Math
So Amazon paid 0 income tax because: 1. It made previous losses carried forward, 2. The tax system incentivises productive investment, and 3. their executive compensation structure moves taxes from corporate tax to personal income tax.
I don’t see a problem here…
And billions of dollars in R&D spending that's helping everyone!
that thumbnail though lol
So good to see Andrew Yang's name popping up everywhere! #YANGGANG2020
Red Falcon Just give me a minute, cause I’m gonna debunk these myths one by one. Firstly, he is not a communist, in fact a strong capitalist, he just wants corporations who have more money then they can ever use, to give to everyone. It’s not just to deadbeats a drug addicts.
Red Falcon He believes that capitalism is a great system, but in the US needs some more balance. Monopolies and corporate interests are secretly controlling our live and hindering our freedoms. Many People like trump claim to want freedom, but just want money from the monopolies. If we want ecenomic and social freedom, we can’t have monopolies running our country, and that’s what UBI and VAT fight for
Red Falcon There are 4 ways that America is going to make the money. First is a Value added tax, I don’t understand exactly how VAT works, so I encourage you to look on his website and go to the page about VAT, the basic idea is to help raise money from corporations and items to give back to the people. Secondly, enforcing the corporate tax, making sure all large companies pay that 20%. Thirdly, current aid programs. These programs will mostly be taken away, as they are very flawed and overly expensive, in exchange for the more expensive and cheaper UBI. Finally, Corporate tax, taxing all wealth over 50 million 2% per year, and 1 billion 3% per year.
@Red Falcon yes I suppose America has been destroyed by social welfare policies such as Social Security and Medicare eh
Yang Gang
It's OK we get free 2-day shipping
Free 2 day shipping is not free..
HA!!
I get free same day shipping
You're paying for it in prime subscription
@@ducrogers302 you will pay more without prime?
The system isn't broken. This ìś the system. Go and weep.
I remember 25 years ago one of my co workers with overtime made $50,000. But a big chunk of that goes to taxes. For I wasn't married had no dependents etc so I also paid a lot in both state and federal tax. California has high state taxes.
For the same reason the gig companies have yet to turn a profit on paper. Creative accounting.
"Every day americans can have more say in this country than the richest man in the world"
LULULULULULULULULULUL
We vote with our money
We like amazon, we give them money, we vote for them to be the biggest
Putin is the richest man in the world
"Every day Americans" wanted jobs and economic growth in their city and country. Then a fringe group of radicals said "No, GTFO of there Amazon". Now those jobs will go somewhere else...
You get what you ask for.
Roshan it is much more than that. In most cases, Amazon is the only viable option nowadays. I remember when Walmart came on the scene back in the day and they forced many stores and businesses out of town - or worse, to close down completely because of their super low prices. That allowed Walmart to grow and expand to the point that in most cities, you can’t even go a couple miles without seeing a Walmart. I was visiting the Fort Walton Beach are a few weeks ago and I passed three Walmarts in less than 20 minutes. I HATE going to Walmart. Their prices are generally lower than Publix, but their service is typically trash because they’re understaffed. Unfortunately, Walmart is the only viable option for me at times because of the distance I’d have to travel to shop at Publix, Trader Joe’s, and etc.
@@atlien1988 they're a sam's club next to a neighborhood walmart with a regular walmart close by and a super walmart in medium range and a walmart warehouse far where I live. I miss the grass fields where I live
Maybe people should look into Andrew Yang and after watching this video be able to believe the things he is proposing. YANGGANG
Yang gang!
YangGang.
Yang gang
Yang gang
Aye YANGGANG
Libertarians: if I support this, maybe he give me moneys
Lagging indicators can be misleading if patience isn't cultivated.
Tax reduction played a minor role. Amazon would hide their money in Ireland instead of US and pay zero.
Exactly, it has nothing to do with the tax rate. They were exploiting the same loopholes when it was at 35%.
SouthwestMAGA what are you talking about ?? Biggest trading partner of Ireland is Europe or USA where rules for corporate taxes are the same . Loop
Even if they don’t pay taxes 90% the world trades with us , this country don’t need more taxes it needs less federal government
Air Crash it’s called a double Irish/Dutch sandwich
All big companies require big countries with NUKE to back them up. Otherwise, they would be like a big PIE and every countries would get in and divide them to piece.
The reason Amazon get this big simply because of US's military and US's trade route. The same way Alibaba get so big because of China's government.
Companies depend on countries for trade route and protection, simple as that.
@@TechExploresNYC Maybe because Ireland isn't a poor Middle Eastern country or Venezuela???
Its a new gilded age and you aren't a part of it.
Chris Reay Precisely.
Chris Reay rubbish
Winning bigly.
I get products at my door for a low price within two days.
@@georgenaratadam3803 damn you must be Jeff Bezos