Biden slams Amazon for not paying federal taxes in 2018

Biden slams Amazon for not paying federal taxes in 2018

Joe Biden on Thursday took umbrage with Amazon’s $0 federal tax bill in 2018 and said no company making billions in profits should pay a lower tax rate than firefighters and teachers. ’We need to reward work, not just wealth’, Biden said in a tweet. Amazon responded saying in a tweet that it had paid $2.6 billion in corporate taxes since 2016.

Timothy
Timothy
Anubis
Anubis 8 months

Maybe you should have done your job better Joe and prevented businesses like Amazon to get around taxes. It's your fault Joe not Jeff's. He took advantage of the environment YOU and your fucking cronies in government created.

Sloth
Sloth 8 months

It's real simple.. Don't write bad laws and tax code that allow this. I'm all for paying the minimal amount of tax. Amazon did nothing wrong. Given all that... I still think we need a simple tax structure and.... Get this... A responsible government who doesn't waste it's resources. I'm a big fan of fiction.

Robert
Robert 8 months

Biden criticizes Amazon for not owing taxes*

ConcealCarryProtect
ConcealCarryProtect 8 months

In office for 8 years. Does nothing. Out of Office. Complains about something he could habe solved while in office.

R D
R D 8 months

Biden is a kiddie fiddler

Rational ific
Rational ific 8 months

Companies support liberals. -> Liberals tear down companies. -> Liberals lose support.

Havoc44
Havoc44 8 months

does he think he'll win by copying all his competitors?

Trent Packard
Trent Packard 8 months

Shouldn't he be criticizing congress or, you know, his own worthless administration for not making laws that make the kind of loopholes these tycoons take advantage of illegal?

Unity.Nat
Unity.Nat 8 months

You gotta remember that Democrats are gonna lie.

Steven Cline
Steven Cline 8 months

Front runner in the ' tax'em more' party, complains about someone using, what may be, the most complicated tax code on the world, to not pay taxes.

bernit
bernit 8 months

his getting ready for the debates. only doing this so they don't go after him and his corporate friendliness just so he can respond with I'm tuff on Amazon see.

As Told By Anakin Skywalker
As Told By Anakin Skywalker 8 months

was this before or after he stuck his hand up a little girls dress?

T.N. Morgan
T.N. Morgan 8 months

You fuckers run the government. You wrote the tax codes. You put in those loopholes. And now you continue to sit on your asses, not lifting a single finger to fix them. This is on YOU, not Amazon. Fuck off with your empty grandstanding, you useless dickwads.

Michael Tatom
Michael Tatom 8 months

Is he saying that they broke the law? Does he understand how business tax codes work? Is he alive?

dswizzle
dswizzle 8 months

I guess he doesn't understand how tax breaks work.. Amazon has given so much to this country in the forms of jobs and revenue circulation, that our government let them keep more of the money they earned. They've given opportunities to hundreds of thousands of Americans, I think that's enough.

Rocky LeBlanc
Rocky LeBlanc 8 months

Saying Amazon didn't pay taxes is not a true statement. Amazon paid substantial amounts to the IRS and many other entities last year. For 2018, it reported owing $322 million in taxes to US state governments and another $563 million in the rest of the world. Under a separate accounting category, Amazon reported "cash taxes paid" -- or the amount of funds actually paid in taxes -- of $1.2 billion last year and $957 million in 2017. But these numbers are not broken down geographically, so it is not possible to know which government received the cash. As a result of the 2017 Republican tax cuts, which slashed US corporate tax rates to 21 percent from 35 percent, Amazon also calculated it would receive a $789 million benefit. But that is not to say it paid no taxes at all. "Amazon pays all the taxes we are required to pay in the US 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," a spokesman said. "Corporate tax is based on profits, not revenues, and our profits remain modest given retail is a highly competitive, low-margin business and our continued heavy investment." For state taxes, Amazon's tax burden is about 2.9 percent, according to Matt Gardner, a senior fellow ITEP who produced the report on Amazon. "That's certainly bigger than zero," he said.

bernit
bernit 8 months

too late Biden u were vice for 8 years never heard a peep from u. I know ur getting ready for debates against Bernie. he already got u on this issue and mind u he was able to get Amazon to raise wages so u should thank him during the debates if u really care about the Amazon issue.

Barny Fraggles
Barny Fraggles 8 months

The desperate is strong with the Democrats.

david dindu
david dindu 8 months

yet wapo will still kiss bidens ass

Randy Souse-Git
Randy Souse-Git 8 months

👏Biden 👏so 👏BRAVE 👏

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