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After years of avoiding federal taxes, Amazon backs Biden’s corporate tax hike

After years of avoiding federal taxes, Amazon backs Biden’s corporate tax hike

Amazon boss Jeff Bezos said he backs a hike in corporate tax rate as part of an infrastructure upgrade. This comes after Bezos faced criticism from President Joe Biden, Congress and the public. Biden had said Amazon was one of those top companies that ’use various loopholes where they pay not a single solitary penny in federal income tax,’ whereas middle-class families pay over 20% in tax rates.

Simone
Simone
Viviko
Viviko 1 weeks

... I wonder how many here realize they are doing this to hurt their competitors who do not have the same access to resources for avoiding this tax hike like Amazon does... I mean, think about it. They pushed a $15 minimum wage Judy so it would hurt Walmart. Automation is one of Amazon’s strengths. If the $15 minimum wage passes, they’ll just automate away the expenses. Meanwhile, Payroll is one of Walmart’s largest expenses... And, Walmart hires A LOT of minimum wage workers....

Noah PaulOG
Noah PaulOG 1 weeks

One of the most profitable companies in the world, that paid a -1% corporate tax, is fine with raising the rate? 😂

Young Conservative
Young Conservative 1 weeks

When the left pretend they’re the anti corporatists and the corporate interests support their policies lmao

6Million$Mansplainer
6Million$Mansplainer 1 weeks

Of course they are. It may hurt Amazon a little, but it'll hurt the little guys way more.

michael
michael 1 weeks

??? Ok. Should we pressure bezos to punish manchins district if he opposes tax restoration? Let's stop calling them hikes. They are restorations of a very small percentage of taxes corporations used to pay.

Rocky
Rocky 1 weeks

Imagine thinking Amazon won't skirt the new tax laws.🤣😂🤣 That would take some amazingly low level of IQ. Taxes are paid by the workers and the workers only. How can you expect anyone else to pay anything when the workers are the only ones producing? Amazon knows only the little guys will pay these taxes just like the last tax bills.

Robert
Robert 1 weeks

He supports it, because the hike to 28% from 21% would still leave the tax lower, than before the Trump’s Tax cuts, which was 35%. Rinse and repeat.

James Sanford (Retroambassador)
James Sanford (Retroambassador) 6 days

Of course they dont care 28% of 0 is still zero. Doesnt matter what the corprate tax rate is when you pay zero in taxes.

Rational ific
Rational ific 6 days

How much you wanna bet that those loopholes won't be patched even after the tax hike?

Lcifer
Lcifer 1 weeks

Of course he does he already knows he won't pay any more he just wants to choke out all small businesses so he can watch profits rise

Aaron
Aaron 1 weeks

Hamper new competition.

Nickel
Nickel 6 days

I don't pay no stinking taxes either

Diddy
Diddy 1 weeks

A sweetheart deal I'm sure. So tired of these corrupt idiots.

General Tso's White House
General Tso's White House 1 weeks

giant corporation supports squeezing out small businesses. I'm shocked! shocked i tell you!

Patty
Patty 1 weeks

Duh

david dindu
david dindu 1 weeks

Bezos wrote the loophole

krunchyginger
krunchyginger 1 weeks

Bezos looks like an alien.

Nickel
Nickel 1 weeks

Oh yeah you want to go pay some taxes you have so much money you can't even spend it fast enough The Profit just keeps rolling in

Nathan
Nathan 1 weeks

Bezos may have just become the most evil, menical person on earth. If he wants to fund Bidens wasteful trillion dollar paybck, evil Bezos can just paymhis taxes instead of ‘loopholing’ out of them. Hed rather destroy any other business. Im through with Amazon.

James
James 1 weeks

Bezos is no fool - you pay to play. Government isn't so intelligent - you play, you pay.

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After years of avoiding federal taxes, Amazon backs Biden’s corporate tax hike

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