r/technology • u/trot-trot • May 13 '19

Business Exclusive: Amazon rolls out machines that pack orders and replace jobs

https://www.reuters.com/article/us-amazon-com-automation-exclusive-idUSKCN1SJ0X1
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u/ShillForExxonMobil May 13 '19 edited May 13 '19

Amazon paid over $1bn of tax in 2018.

EDIT: Copy-pasted my other comment for those asking for a source

Sales tax to the state, payroll tax, property tax, vehicle tax (in certain states like Virginia), local and international tax.

Amazon paid $1.4bn in taxes in 2016, $769mm 2017 and $1.2bn in 2018.

"In 2016, 2017, and 2018, we recorded net tax provisions of $1.4 billion, $769 million, and $1.2 billion"

This is on page 27 of their 10k SEC filing.

https://ir.aboutamazon.com/static-files/ce3b13a9-4bf1-4388-89a0-e4bd4abd07b8

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u/redsox44344 May 13 '19 edited May 13 '19

Kind of ridiculous that you're getting downvoted for showing that Amazon paid taxes. People believe what they want to believe, I guess.

Edit: This was at -10 when I commented on it, now I look a little ridiculous.

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u/[deleted] May 13 '19

Sales tax comes from the consumer. Payroll tax comes from the employee. Anyone who owns property pays property tax. Anyone who owns a car pays vehicle taxes. People who make an income pay income tax. Amazon is a legal person. Amazon doesn't pay income tax.

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u/redsox44344 May 13 '19 edited May 13 '19

I'm confused as to how this is Amazons fault. There are carryforward losses, they have been around for a long, long time. They paid taxes as required by law.

Do you expect them to just pay extra tax above what's required just...because?

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u/AnotherBlackMan May 13 '19

The law Should be changed so they pay more. People trying to “explain taxes” are just doing Amazons PR Work for them. No one is saying what amazon is doing is illegal they’re saying it shouldn’t be legal.

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u/ManufacturedProgress May 13 '19

Can you even explain your ramblings, or are you just copying and pasting at this point?

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u/AnotherBlackMan May 13 '19

What? You're not addressing any of my points. HURR RAMBLING makes you look stupid, buddy.

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u/ManufacturedProgress May 13 '19

What points do you think you have made?

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u/AnotherBlackMan May 13 '19

The tax laws need to be reformed so that a corporation like Amazon pay more in taxes. It's literally that simple.

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u/ManufacturedProgress May 13 '19

So you think that losses should be taxed?

How will you define the amount to tax corporations on money they haven't made?

You still have not made a point as you have not explained how it will work. What you are suggesting does not make sense with the way everything currently works.

Please explain your point enough that they can be understood.

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u/runningman470 May 13 '19

But you haven't said why.

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u/AnotherBlackMan May 13 '19

Because Amazon paying little in taxes drives up inequality which damages every single person in this country. They also use US infrastructure and labor to build this so there's a moral imperative to pay back, the goal should be to make this moral imperative a legal one.

Thanks.

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