Taxes

Joe Biden Said Amazon Doesn't Pay Enough Taxes. Amazon Wasn't Having It.

The Democratic presidential hopeful tweeted that the company pays "a lower tax rate than firefighters and teachers."

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In the wake of reports that Amazon paid no federal taxes last year, Democratic presidential hopeful Joe Biden took to Twitter yesterday to complain about the tech behemoth's tax bill:

Amazon wasn't having it. "We've paid $2.6B in corporate taxes since 2016," it tweeted back. "We pay every penny we owe. Congress designed tax laws to encourage companies to reinvest in the American economy. We have. $200B in investments since 2011 & 300K US jobs. Assume VP Biden's complaint is w/ the tax code, not Amazon."

First things first: Amazon does indeed pay taxes. In 2018, it shelled out $1.18 billion in local, state, and international income levies.

Federal corporate taxes are a different story, since Congress specifically devised them with a set of deductions meant to incentivize investment, create jobs, and spur economic growth. And Amazon does all that. In 2017, for instance, it invested $22.6 billion in research and development—the highest of any company that year. That huge number is just one such deduction included in the tax code, which explains how Amazon skirted federal taxes even with an impressive $11 billion in profits.

It's misleading for Biden to lament that these numbers indicate that the tax code is rewarding wealth instead of work. Research and development are work, after all. If Amazon were getting a tax break for letting money gather interest in the bank, his complaint might make sense, but that's not what's going on here.

This isn't the first time a company has faced ire for its tax history. In response to a barrage of headlines about Netflix paying $0 in taxes, for example, the streaming service pointed out that it had shelled out $131 million in cash levies in 2018. Those taxes were international, which the U.S. credits.

And in May 2019, Delta CEO Ed Bastian defended the airline's tax filings on the Corner Office podcast:

We're following the tax code. Delta, as you recall, lost a lot of money. We lost almost $20 billion post-9/11. We went through some very difficult economies over the last 20 years. And so, what we're doing is we're able to offset the losses of those years against the profits of today. We have probably only have about another year or so left in those losses, and then at that point then we should start being a cash taxpayer once again. But, you know, these are hard-earned losses, I would say, that we utilize, and our people had real pain attached to them. I am proud that we've got the best profit-sharing plan in corporate America for our employees. They get 15% of the profits of the company; $1.3 billion we paid last year, so yeah, I think we're doing our share.

You could make a reasonable case that it's better to tax companies at a consistent rate than to try to encourage or discourage different sorts of behavior via the tax code. But it seems inappropriate to condemn companies for taking advantage of the incentives enshrined in the law. And you shouldn't say a company isn't paying any taxes when its tax bill is actually more than a billion.

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  1. I strongly suspect that Creepy Joe takes every fucking tax deduction he’s allowed by law.

    1. I thought the same thing. I figure it is true for a significant plurality of politicians as well.

    2. Well, he is a ‘fingertip politician’ (cringes).

      1. His deductions touch all the bases.

    3. Just look at all the billionaire Dumbocrats looking down their noses at companies who made their money by selling things people want, instead of the crooked way they got rich. Dumbocrats are nothing more than high-level crooks

      1. Bill Gates is crooked?
        Nobody REALLY wants Windows or Office?
        I”M SELLING MY MICROSOFT STOCK ON MONDAY!

    4. IIRC Joe was at the bottom of the senate with respect to income and wealth.

      Either he sucks at graft or he is really good at it.

    5. Why have journalists not figured this out: Every time a politician says that some company paid “Zero” or something other than “their fair share” in taxes–ask that politician if the company did so illegally. “Do you have some evidence that Company X filed false tax returns–and if so, are you prosecuting them?”

      “If not, what is your part in passing the tax laws that the company used? Just a complainer, or are you part of the system that made the rules?”

    6. Of course he does. But that’s different…he’s a Democrat and they have the moral high ground. Just ask them.

      1. No different than Republicans on that!
        Because, still true that Left – Right = Zero

  2. LOL right after an article blowing Joe because he once said something positive about free trade. Ignore the fact that he takes his policy positions from people who want to spend 90 trillion dollars on non-citizens, trains and eliminating cow farts.

    Keep equating Trump and Biden and you’ll be learning to code shortly

    1. It’s pretty sad isn’t it. Literally within a few hours of each other, both articles.

    2. You’re aware of course that Trump has already added more new 8-year debt than Obama did AFTER 8 years. (Obama actual vs CBO 2024 debt forecast

      Trump is also the first President to ever increase the deficit over 40% … in a single year … with a “booming” economy!

      Let’s recall, Obama inherited the 2nd worst recession since WWII. but handed Trump the longest recovery … ever .. for an incoming President

      Democrats borrow trillions to pay for free stuff.
      Republicans and libertarians borrow trillions to pay for free tax cuts.

  3. “You could make a reasonable case that it’s better to tax companies at a consistent rate than to try to encourage or discourage different sorts of behavior via the tax code.”

    You could make a reasonable case that any government that taxes wealth creation is either evil or insane.

    Why do you hate the poor, Joe?

    1. The statement you quote is fucking backwards!
      If investment was treated like paper clips. there would be a LARGER “loophole” It’s not a loophole, capital investment is DEPRECIATED over time. If factory machinery is creating revenues for 18 years, then the COST is spread over 18 years, to match the revenue it generated. High School bookkeeping. Instant writeoffs would show MUCH lower taxes (or higher tax losses), from the larger deductions.

      That’s on shareholder reports. On tax returns it’s written off over 8 years … because ALL our trade competitors are at FIVE years!
      So dummies compare the taxes to the higher profits on the shareholder reports and scream loophole.

      (Buy paper clips and you get your full tax deduction that year. Fill a factory with new machinery, then wait 18 years to get your own money back. IT’S THE TAX CODE THAT DESTROYED ALL THOSE JOBS, NOT IMPORTS AND IMMIGRANTS.) .

      If you’d like more detail, I posted a simple version of the full story below.
      https://reason.com/2019/06/14/joe-biden-said-amazon-doesnt-pay-enough-taxes-amazon-wasnt-having-it/#comment-7818685

      1. Who in the hell are you addressing this word salad at?

        1. The cloud that had the temerity to bully him by crossing his airspace.

        2. I think this is Hihn sneaking back here. It sounds like him. Note the caps locks.

          1. And second now he’ll bust out “theFOURTHreich” like we don’t know that is him too

        3. Anyone with a functioning brain.

          1. So that disqualifies you Hihn.

            1. I’m not the one who denies that depreciation exists.

              1. Nor did you deny that you are Hihn.

                1. You assholes would say I was lying.
                  Bully somebody else

                  1. You lie constantly, Dumbfuck Hihnsano

          2. Fuck off Hihn.

              1. I’ve already shut you down multiple times, Dumbfuck Hihnsano. Maybe if you weren’t such an idiot, you wouldn’t get owned like Kunta Kinte so often.

                1. (My boldface and ridicule are in response to aggression, by someone who BRAGS of being a thug — proudly — in public — as he stalks me down the page.)

                  You cannot shut me down, thug.

                  I’ve already shut you down multiple times,

                  1) Only a thug (authoritarian) would even try. (DUH)
                  2) And only — God knows what — would brag about being a thug. (DOUBLE-DUH).
                  3) And if you’d EVER shut me down, who the f*ck are you replying to now? (sneer) (Strike three. You’re out!)

                  And no, bellowing cannot change reality. But keep trying. I LOVE enraging you, and exposing authoritarians for many decades. 🙂

                  1. Dumbfuck Hihnsano having his bold-faced bitch fit again.

                    1. I must shout for those who cannot hear.
                      Louder for those who refuse to.,

                      And no, bellowing cannot change reality. But keep trying. I LOVE enraging you, and exposing authoritarians for many decades. ????

                      I set the hoop. He jumped through it, again

                      You cannot shut me down, thug.

                      I’ve already shut you down multiple times

                      IF I’VE BEEN SHUT DOWN, WHO THE FUCK ARE YOU REPLYING TO

                    2. Fuck off, Hihn.

                    3. Fuck off, Hihn.

                      Make me, loser
                      ANOTHER failure to shut me down. This one FAILS over a dozen times PER PAGE!!!

                    4. Dumbfuck Hihnsano has to shout because his downtown cheeseboard is filled with the same gibberish.

      2. Instant writeoffs would show MUCH lower taxes (or higher tax losses), from the larger deductions”

        We do have very nearly instant writeoffs. It’s called accelerated depreciation, or MACRS, and it’s already part of the tax code. If you’re depreciating over 18 years on your financial statements, you’re probably depreciating over 3 years on your tax return.

        1. Damned squirrels…where did the “preview” button go in the new comments? Kind of helpful for people like me who refuse to learn proper html and end up posting in all italics

        2. MACRS is limited to $1,000,000 per year, which does nothing for the major manufacturers destroyed by Democrats in 1986

        3. If you’re depreciating over 18 years on your financial statements, you’re probably depreciating over 3 years on your tax return.

          False. Plus it’s limited to $1,000,000, which cannot restore our industrial base. And has nothing to do with what you replied to … which describes accelerated depreciation., as why it’s WRONG to say that acs is some loophole, when all our competitors as even more accelerated. THAT is precisely the fuckup that progressives used to destroy our industrial base.

      3. Fuck off Hihn.

        1. Sorry, this is not your safe space, snowflake.
          And I note you have nothing of substance on the topic.

          1. Fuck off, Hihn

            1. BOOGA BOOGA
              (sneer)

              1. Fuck off, Hihn.

    2. Business don’t pay taxes so much as they collect taxes.

      In economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare. Economists distinguish between the entities who ultimately bear the tax burden and those on whom tax is initially imposed.

      https://en.wikipedia.org/wiki/Tax_incidence

  4. So why isn’t the take “Firefighters and Teachers pay too much in tax” Joe?

    Why is it ALWAYS MORE TAX with you?

    1. Its always the same thing. If you asked firefighters and teachers they wouldn’t say ‘lower my taxes’ – they’d say ‘raise that other guys’.

      Whenever the playing field is unlevel, the party at a disadvantage never wants their disadvantages removed, they only want their competitors likewise hobbled.

      1. Whenever the playing field is unlevel, the party at a disadvantage never wants their disadvantages removed, they only want their competitors likewise hobbled.

        Add in the fact that the vast majority of people, regardless of party affiliation, agree with the following statement:

        “I pay too much in taxes. People who earn more than me should pay more in taxes than they currently do.”

  5. They can some how see that tariffs are taxes the companies will not absorb but pass to the consumers… But somehow companies will just absorb these taxes and nothing will be passed to the consumer.. I kind of think they are just obsessed with power and don’t really care about the economy.

    1. I kind of think they are just obsessed with power and don’t really care about the economy.

      I might question your sanity if you only “kind of” think that.

      1. I admit the possibility that at least some of them have serving the people in mind when doing this.

        Yes, believe it or not I am an opyist on this, and probably naively so.

        1. at least some of them have serving the people in mind

          “IT’S A COOKBOOK!!”

            1. The Rigellians abducted the Simpsons from their backyard and said they were taking them to Rigel 4 for a feast. The aliens treated the Simpsons very well, providing them with all the entertainment that Rigellian technology had to offer and with sumptuous meals prepared and served by their cook, Serak the Preparer. While the rest of the family enjoyed the food and entertainment, Lisa began doubting the aliens’ motives, particularly when Serak told Homer that Marge was “quite a dish” and when Kang said that the Simpsons would be the guests of honor at the feast (which elicited chuckling from all of the aliens).

              Now suspicious, Lisa snuck away and snooped around while the aliens weighed Bart and Homer (and congratulated Homer for his having gained weight). Lisa soon ended up outside the kitchen. She peeked in and saw Serak working at the stove, adding spices to a pot, saying “This will give the humans the perfect flavor” and licking his lips. When Serak left the kitchen, Lisa went in, found the cookbook and read the title on the cover: How to Cook Humans.

              Lisa then confronted the aliens, accusing them of planning to eat the Simpsons and showing the book as proof of her claim, which shocked both the family and the aliens. Kang blew a little dust off the cover, showing the title to be How to Cook for Humans, to the family’s relief. Still suspicious, Lisa blew more dust off the cover and the title then appeared to be How to Cook Forty Humans, shocking the family again. Kang, however, blew off the last of the dust, revealing the book’s real (and finally undisputed) title to be How to Cook for Forty Humans.

              Matt Groening wanted the book’s true title to be How to Cook for Forty Humans and Then Eat Them, but he was outvoted.[3]

            2. Serak the Preparer

    2. “They can some how see that tariffs are taxes the companies will not absorb but pass to the consumers”

      Based on the non existent inflationary signal?

      1. “Consumers anticipated an average long-term inflation rate of just 2.2%, the lowest rate the surveys have recorded since the question was introduced forty years ago,” the survey’s chief economist, Richard Curtin, said in a statement.

        1. Why am I the only one who provides links to sources?
          Your source is bat-shit crazy. Inflation was over 10% for much of the late 70s and early 80s, which is within his 40 years. 13.5% was the high and only 10 years were at or below 2.2%, so somebody flunked elementary arithmetic.
          https://www.minneapolisfed.org/community/financial-and-economic-education/cpi-calculator-information/consumer-price-index-1800

          But of what use are facts — when inflation spirals don’t exist anyhow? And 1/3 of his 40 years apparently never happened. And why was the mortgage rate on my first house 11.5%?

          1. Fuck off, Hihn

            1. Why am I the only one who provides links to sources?
              Your source is bat-shit crazy. Inflation was over 10% for much of the late 70s and early 80s, which is within his 40 years. 13.5% was the high and only 10 years were at or below 2.2%, so somebody flunked elementary arithmetic.
              https://www.minneapolisfed.org/community/financial-and-economic-education/cpi-calculator-information/consumer-price-index-1800

              Sevo
              June.15.2019 at 9:52 am
              Fuck off, Hihn

              THAT is why! I DELIGHT in tormenting right-wing bullies and stalkers.
              As proven here, NOTHING enrages them more than PROVING they’re either lying, stupid or brainwashed puppets. 🙂 🙂 🙂

              1. Fuck off, Hihn.

                1. If we knew Russia was preparing to attack us and Sevo was our President, how would he defend out great nation.

                  Place a phone call overseas.
                  Shout into the mouthpiece,
                  “FUCK OFF PUTIN!”

                  For anyone who hasn’t yet figured out what he is.
                  A pussy .. with an attitude, and a loud meow.

                  1. Nothing you barfed there was accurate, Dumbfuck Hihnsano.

                  2. Fuck off, Hihn.

                    1. pees pants laughing@

                      …how would (Sevo) defend out great nation?
                      Place a phone call overseas. “FUCK OFF PUTIN!”

                      Fuck off, Hihn.

                      (walks away laughing)

          2. Nothing you’re shrieking about refutes what he wrote, Dumbfuck Hihnsano.

          3. Way to prove you don’t undestand economic indicators…

            1. Has anyone noticed that NOTHING pisses off our thuggish blowhards more than
              1) Proving them wrong
              2) By linking to ABSOLUTE proof

              What kind of people think assaults and thuggery are a sane response to reality? Or that facts can be changed (or denied) by bellowing and rage? AND THAT ELEMENTARY MATH (DIVISION) CONFUSES THEM!

              https://reason.com/2019/06/14/joe-biden-said-amazon-doesnt-pay-enough-taxes-amazon-wasnt-having-it/#comment-7819262

              Posted in response to multiple aggression by serial stalkers of the authoritarian right. Absolute proof, yet again, that Left – Right = Zero

              1. Dumbfuck Hihnsano links to his own stupidity again.

              2. Fuck off, Hihn.

  6. Assume VP Biden’s complaint is w/ the tax code, not Amazon.

    Don’t give Creepy Joe any ideas, lest he use the tax code against Amazon.

    1. Justice demands that we fix blame upon the people who follow the laws, not the legislature that makes them

      1. That’s right–government can do no wrong. Or government is to blame for all wrongs. I forget which day it is.

  7. This is what Reason’s “Free” Market looks like.

    Companies like amazon play accounting shell games with corporate IP and licensing to push income to tax havens, while the plebes have taxes withheld from every paycheck.

    1. Plebes could start companies and purposely work at a loss to avoid taxes. But then they wouldnt be plebes

      1. #LearnToCode

      1. Hihn?

    2. So are you in favor of reducing the plebes taxes or just stick to Amazon? Because I can get behind one of those and it ain’t the one that gets the government more money.

      Plus all this corporations don’t pay taxes is utter bs. They pay tons of taxes just not always corporate income taxes, I’d venture that Amazon’s portion of FICA payments is far greater then the total taxes of any one fire fighter. Joe Biden is a lying sack of shit on this.

      1. Now now. Amazon is globalist, therefore buybuy is all about using any means necessary to tear them down, while at the same time bitching about taxes.

        1. Pedo Jeffy, you should commit suicide. Your impertinence is unacceptable from a little shitbag, such as yourself.

          1. What is with your obsession with death, Shiteater??

            You want all persons who don’t subscribe to your version of morality dead.

            You’re fucked up

          2. Trumpsters PROUD to be bellowing bullies.
            Just like their orange God.

            Pedo Jeffy, you should commit suicide. Your impertnence is unacceptable from a little shitbag, such as yourself.

            Remember those bullies back in school?
            THIS is what they became.

            Why is it IMPERTINENT to disagree with the authoritarian “mind?”
            Ask any Jew.

            It ain’t just Berkeley students shouting down and censoring.
            Left – Right = Zero

            1. NolanLibertarian – Sock = Hihn

                1. Dumbfuck Hihnsano thinks linking to his own stupidity is kicking ass.

                  1. Linking to proof does that.

                    1. Dumbfuck Hihnsano confirms that he proved his stupidity.

                    2. Fuck off, Hihn.

      2. I don’t want to “stick” it to Amazon.

        But the tax code is entirely tilted toward corporations and away from labor.

        Also, tilted toward the wealthy.

        1. But the tax code is entirely tilted toward corporations and away from labor.

          (snort) The ONLY country that
          1) Double taxes corporate profits. If Warren Buffett was Canadian his tax on dividends would me ….. NOTHING! Shareholders are the owners, so THEIR assets pay the corporate income tax. That’s like a worker paying the withholding taxes from his paycheck, then taxed AGAIN they cash or deposit it. Sucker.

          2) The ONLY country that REFUSES to index capital gains for inflation … which is WHY there is no tax on the profits of a home sale for (mostly) middle class, homes. Mooch.

          3) World’s longest tax write-off on new investments in JOBS- CREATING factory equipment — how long it takes to get your pwn money back,. THIS is why we lost so many well-paid union jobs when DEMOCRATS repealed the tax incentive of their own KENNEDY … with the same corporate IGNORANCE as buybuy.

          4) Most corporate stock is owned by EMPLOYEE PENSION plans … roughly $100 TRILLION the last , I checked. ALSO Democrats. You THINK they’re tax exempt … but THEY pay most of the corporate income tax..

          Clarify: Tribal Republicans are just as easily and totally manipulated by the political elites, which is why a growing majority has and loyalty to either party (loyalty means swallowing bullshit from their own tribe. Puppets on a string,

        2. “But the tax code is entirely tilted toward corporations and away from labor.”

          Total bullshit from an idiot.
          Businesses collect tax money from the customers and deliver it to the government; they *pay* no taxes.
          You’ve just proven yourself an ignoramus.

          1. Actually, he’s correct. Really.
            Business gain revenue by selling products and services with
            No employees
            No factories or office space
            Thus no factory or office equipment
            No utilities (No need for heating,cooling, lighting or phones)
            And …. NO ADVERTISING.

            Consumers must search and discover them.

            Oh yeah, the taxes pay themselves, magically.

    3. Right. Reason obviously believes that current tax laws are ideal.

      1. Read it again, Slick

    4. This is a perfect example of why democrats should never have access to any business tax returns, such as Trump’s. They are too fucking stupid to understand things like asset depreciation or carry forward losses. They always advertise this shit in single year increments when that is not how business taxes work. Takes a special kind of stupid to keep falling for this crap.

      1. You mean the tax returns that PROVE Trump got a 20% tax cut …ONLY FOR THE RICH …. but campaigned to getting on a 37.5% tax cut … only for HIS TYPE of rich … a billionaire in the 25% tax bracket.

        THOSE tax returns
        🙂

        1. Fuck off, Hihn

  8. The continuing ignorance of our tax code, by the libertarian and conservative establishments, is WHY progressives have been kicking our ass for decades.

    Progressives are even worse, but NEVER CHALLENGED.
    And Binion gets it 1000% backwards. Corporations get NO incentives for investment, and this version is worse that the progs. They get PUNISHED.

    Short version. Investment is treated differently on tax returns and shareholder reports. Factory equipment is the clearest example, and manufacturing is the worst victim.

    For shareholder profits, that investment is written off over “useful life” — say 18 years — so the cost is matched to the revenues over the life of the equipment..

    For tax returns, it’s written off over 8 years (described later)
    A hypothetical investment of $180. Profits otherwise of $1000
    For shareholders, 180/18 = a $10 deduction = $990 profit
    For taxes, 180/8 = $22.50 deduction = $977.50 profit.
    CORPORATE LOOPHOLE screams Biden, and Reason here.

    Why the faster write-off>. BECAUSE ALL OUR TRADE COMPETITORS HAVE USED FIVE YEARS SINCE FUCKING WWII! We had bombed them all into rubble, so THEY switched from New Deal type tax policy to pro-investment. We needed no rebuilding so stuck with FDR’s rates. 15 years later, when JFK took office, we had crashed from the only industrial base on earth to “among the lowest” (JFK SOT U)

    Hence, his tax cuts included an incentive that covered only about 1/3 the disparity. It was enough to launch the postwar boom, but only 10 years, By Reagan (1980) our industrial base was back to the floor. Reagan added a much larger incentive, and launched THE largest postwar recovery.

    Here’s the point, In 1986, Democrats repealed BOTH Kennedy’s and Reagan’s, putting us back to the immediate postwar debacle. “Closing loopholes.” THAT is how Democrats destroyed our industrial base … and WHY Trump’s tax cuts are FAILING to create the jobs he promised. Unemployment is down because people are STILL giving up, abandoning the labor force — now WORSE than what Obama left.

    P.S. The braindead libertarian (and conservative) establishments are also blowing it on tax fairness. The rich ALREADY subsidize roughly half the ENTIRE tax burden for the core middle class! And THAT began in …. 1986! .

    Liberty abandoned … by the fiscal conservative Clown Car.
    (SNEARING at “lefties” and “proggies” — how’s that been workin’ for us?)

    1. Why not just go back to “Hihn” Hihn?

      1. Some posts are still too long but this version is coherent and has said things I agree with… At least that’s how it’s going today

        1. Cool, but that really doesn’t have anything to do with my question.

          1. Your life is THAT barren???
            Pity you.

            1. To have a discussion on here like you are doing?

              It’s weird how often you can’t seem to even be coherent.

            2. Said the guy whose life is so empty that his only social refuge is an internet message board that’s banned his original account and multiple sockpuppets for being Captain HihnSpamo.

              1. Why does he link to his own comments in the same thread? It’s such a codgery old douchbag spammy thing to do.

                I seriously think on days like today, his meds are the issue. The weird paranoia, lack of coherence, and stridence make it look like a med issue.

                1. It’s classic Hihnfaggot.

                  1. Well yeah, I just wonder why he doesn’t realize it makes him look like an idiot fossil who doesn’t understand how forums work.

                    Then again, he does way more egregious shit so…

                2. Probably because he is a codgery old douchebag.

                  1. The Authoritarian Right seems … upset.

                  2. Codgery old douchebag.

                    I hope they remember me that way someday.

                3. Why does he link to his own comments in the same thread

                  For additional detail and links
                  If I typed it twice, you’d bitch about that to.

                  1. More like for redundant lunacy.

                    1. Ummm, that’s why I use a link instead, And THAT caused a hissy fit, too!

                      Thanks for PROVING, you’ll assault me whichever I do.
                      Stalking me is the ONLY reason you even login.

                    2. Fuck off, Hihn.

                    3. The challenge:

                      (SNEARING at “lefties” and “proggies” — how’s that been workin’ for us?)

                      The cowardly responses:
                      Count ’em. This is how the Authoritarian Right exercises The Divine Right of Thuggery ,… for all of human existence
                      *killing all infidels
                      *burning books
                      *burning witches
                      *censoring books
                      *censoring movies
                      *censoring TV
                      *apposing fundamental rights of (sarc) niggers, faggots and more
                      *McCarthyism
                      *Marching and killing in Charlottesville +

                      And now, cyber-McCarthyism … still arrogantly self-righteous … for the “Greater Good” (as defined by their masters)

                    4. Linking to your own stupidity just proves you’re stupid, Dumbfuck Hihnsano.

                    5. Stupider than fantasizing links that do not exist?

                    6. Dumbfuck Hihnsano confirms his shitposts are a fantasy.

          2. Cool, but that really doesn’t have anything to do with my question.

            (sigh) Your “response” had nothing to do with MY comment …. but only you self-anointed ones (the Authoritarian Right) get to change the subject, for a personal assault. And he did not bully you, because only you people can do that, right?
            .

        2. His meds haven’t fully worn off yet. I suspect he’s back from some kind of involuntary commitment. And still somewhat medicated.

      2. “Why not just go back to “Hihn” Hihn?”

        I suspect it has to do with defamation laws

        1. What’s YOUR name, Slick

    2. This is an interest argument, do you have any links that support what you are claiming?

      1. interesting*

        1. I’d need the entire tax code.! I’ll assume you know enough about depreciation write-offs, that they’re expensed/deducted over time.
          Keep in mind, the value is always declining by inflation, which was double-digit when Reagan took office. Manufacturers had stopped investing. An 18-year write-off at over 10% inflation, which kept interest rates near 20%, and the stock market was still falling to a 70% loss.

          Reagan’s reform was slashing the write-off, from 18 years to 7. This plus Kennedy’s 7% investment credit. both combined to offset the 5-year write-offs of competitors. Business investment increase almost immediately, at the bottom of the recession.

          Can you be specific about what you doubt?

        2. You’d probably be more interested in carry forward losses than asset depreciation, which is the biggest part of these “1 billion dollar profit and no tax” stories.

          1. In very few cases.

    3. The continuing ignorance of our tax code,

      You need to update your textbook, dude. Special depreciation allowances of 40-100% in the first year on a big list of capital expenditures have been available at least since the early ’00s when I got into construction accounting. My company expensed a $1M rotomill 100% in the first year.

      Unemployment is down because people are STILL giving up, abandoning the labor force

      Uh, not where I am. We are paying $21 to start for pipelayers and concrete laborers and scraping the bottom of the barrel. At least half quit within 2 months because the work is too hard despite wages that average $60k/year with overtime.

      1. “Unemployment is down because people are STILL giving up, abandoning the labor force”

        Labor participation rates are steady dumbfuck Hihn.

        1. (posted in boldface to draw attention to unsupported assertions vs official source data.)

          Once again, I post sources, and you blow smoke laced with bullshit.

          Labor Participation has under Trump,with the largest losses this year (0.7%) …as I stated and DOCUMENTED upthread … and it’s only June
          (yawn) https://data.bls.gov/timeseries/LNS11300000.

          REPEAT: Why are more workers abandoning the labor market, in a “booming” economy?</b<

          1. Dumbfuck Hihnsano doesn’t realize his own source shows the LFP is the same today as when Trump took office in January 2017. That’s why he’s Dumbfuck Hihnsano, who will die alone and unloved.

            1. (My attitude and boldface in response to more aggression and yet more pathetic lies)

              Click the link. He’s lying again.
              62.9 in January from Obama
              62.8 Now from Trump.

              Since you have DEMANDED more ….

              April’s “record-low” unemployment was caused by people ABANDONING the labor force, aka THEY GAVE UP on getting a job.
              Source was part of the BLS news release … which was WORSE bullshit than Barr’s “summary” of Mueller: https://www.bls.gov/news.release/pdf/empsit.pdf

              490,000 left the labor force
              -103,000 fewer employed
              =387,000 fewer Unemployed
              Can it possibly get any FREAKING crazier?

              Now compare Trump and Obama. Labor Participation INCREASED under Obama (from the trough) but DECREASED under Trump, Proof below.
              a) +0.8% Obama . 62.4% at the bottom, to 62.9 when Trump took office.
              b) -0.2% Trump. From 62.9% to 62.8%

              It’s been hot in new jobs, this year, but Labor Force Participation got WORSE! 63.2 – 62.8 = -0.7%. So Trump’s decline in unemployment is just as bullshit as TRUMP lied that Obama’s was. (Psycho Trump said Obama’s unemploymet rate was REALLY 20% or 30%, maybe more — does that mean Trump’s is REALLY 50%)

              This is the same Trump who ALREADY added more new 8-year debt than Obama did AFTER 8 years, (CBO debt forecast)
              And he promises even MORE. (Also the first President to increase the annual deficit by over 40% in a single year … in a booming economy!) The same federal debt he promised to pay off —totally – in eight years!!.

              DON’T FORGET: Obama inherited the second-worst recession since WWII, and handed Trump …
              Trump began with the longest economic expansion EVER for an incoming President.!

              ===
              Red Rock, his other socks, and fellow thugs are like the conspiracy crazies who send bullshit emails, and include a link to the proof .. because Tribal Dotards DON’T NEED NO STEEENKEENG PROOF .. because eagerly manipulated by absolute FAITH in their tribe’s political elites,

              It’s spelled: l …. o …. s …. e …..r
              But Trump will give him a cookie. Maybe TWO

              1. Fuck off, Hihn.

              2. Dumbfuck Hihnsano confirms I’m correct, has a bold-faced bitchfit because no one believes his stupidity.

    4. Fuck off, Hihn

    5. “Why the faster write-off>. BECAUSE ALL OUR TRADE COMPETITORS HAVE USED FIVE YEARS SINCE FUCKING WWII! ”

      Since when does Hihn us our “trade competitors” as the gold standard for a free country?

      When it makes corporations make more money. Corporate Profits Uber Alles!

      Yet again demonstrating that the “Free Markets” of Reason aren’t about freedom, they’re about more corporate profits.

      1. (my attitude and boldface in response to multiple aggressions …. atatcks based on TOTAL ignorance of the issue)

        Since when does Hihn us our “trade competitors” as the gold standard for a free country?

        (SNEER)
        YESS! OURS WAS LONGER!!!
        DO YOU NOT KNOW WHAT DEPRECIATION WRITE-0FFS ARE (OMFG)

        YOU LIED ABOUT MY WORDS … I TOLD YOU WE WENT TO EIGHT YEARS … BECAUSE ALL OUR TRADE COMPETITORS WERE AT FIVE.
        EIGHT IS LONGER THAN FIVE ,, to get your own money back
        (We could use 8, because JFK passed a 7% investment credit.)

        I also mentioned double-digit inflation. Do you know what THAT means?

        Would YOU invest $10 million on jobs -creating factory equipment … if it took you EIGHTEEN YEARS to get all your tax deduction … which was losing 10% of its value each of those years to inflation?

        Yeah, HE might
        This is a larger blunder than your other tax nonsense!

        https://reason.com/2019/06/14/joe-biden-said-amazon-doesnt-pay-enough-taxes-amazon-wasnt-having-it/#comment-7819858

        (I must always clarify that tribal Republicans are just as brainwashed. but on different topics.)

        Left-Right = Zero

        .

        1. NolanLibertarian – Sock = Hihn

          Hihn is a national treasure. True 90s style 1st year on the intertubes crank, who just keeps going and going.

          Good times. I miss usenet.

          1. (response to another assault)

            The challenge

            Would YOU invest $10 million on jobs -creating factory equipment … if it took you EIGHTEEN YEARS to get all your tax deduction … which was losing 10% of its value each of those years to inflation?

            Response … chicken-shit … and pays tribute to his balding puppetmaster, Bernie Sanders

            Call out a stupid bullshitter on the left … in response to a wacky personal assault, documented with proof and …

            WHAT’S YOUR NAME, SLICK??

            1. My name is embedded in my username with impenetrable cryptography, jackass.

            2. Dumbfuck Hihnsano confirms that his sockpuppets keep getting nuked for being a sad, braying ignoramus with an Enemies List.

    6. In a nutshell: from time to time, Amazon goes on an investment spree, uses accelerated depreciation and therefore shows a low effective tax rate on its 10-K forms. The moment this effect wears off, the 10-K effective tax rates go through the roof. I always wondered why Amazon´s tax rates show such a strange pattern…
      Btw, you are Michael Hihn, aren´t you?

      1. The tax changes are amplified by the different write-offs on shareholder and tax returns. Plus, if the investments were written off over 18 years on tax returns 18, they’d “smooth out.” 18 is an average I use, but it’s for factory equipment because our industrial base was destroyed by the tax code, not by imports and immigrants .. and NOT by “automation” (which is wacky Luddites)

        btw, you are Michael Hihn, aren´t you?

        A good friend, and from the same era of libertarianism, when it still was such (prox 1970).
        I met and worked with him when he ran the LP of Wa. I was a county chair, he had been corporate trainer, so he was hired (yes paid) to train county chairs on candidate and issue development. He was replaced (gently) after maybe 18 months, because he refused to spend time on state level “image” races. 90% or so of electoral politics starts with election to local office, then leveraging name recognition and public record for state or county office. Your image is useless if no viable candidates. That’s how we will govern, if we ever do .. not by masturbating in an ivory tower, or becoming as authoritarian as the other tribes.

        Hihn trained me, and many others (very few are libertarian for 40 years or more). And we’re paying it forward. or trying to, but it may be hopeless.

        P.S. Thanks for allowing me to clarify the likely cause of all the authoritarian assaults, which today’s Reason not only tolerates and defends, they also enable, empower and support it.

        Always be pro liberty people, never anti-government.
        They are not the same, and are often polar opposites.

        1. Dumbfuck Hihnsano confirms he has multiple personality disorder.

  9. Public employees pay a -100% tax rate — taxpayers pay their salaries. Amazon executives and engineers pay a lot in income taxes which proglodytes never seem to count, not to mention all the property taxes on all those warehouses. And Amazon only started making a profit very recently. As that ramps up, they will pay a lot more in corporate income taxes (which is a bad thing really. )

    1. Biden is such a doddering idiot. He will be so damaged in less than a year’s time. No one has even scratched the surface of all the pay for play with Russia and China regarding his son Hunter.

      1. The thing with his son, his other son, and the wife is icky. Americans HATE icky.

        1. I’m more concerned about Biden betraying America to score a big payday for Hunter. Apparently with both the chin and Russians.

    2. ” And Amazon only started making a profit very recently. ”

      Amazon used to be worth nothing. Now it is the most valuable company in the world, at roughly 700 billion dollars.

      Reinvesting your profits to make more doesn’t mean that you didn’t make them. But it does mean you don’t pay taxes on those profits.

      Again, tax policy shifted toward corporations, and away from labor.

  10. “”But it seems inappropriate to condemn companies for taking advantage of the incentives enshrined in the law.””

    Hate the game, not the player.

    1. To the extent that the player doesn’t have his hand in fixing the game himself.

  11. You know what, I agree with the thrust of this argument. You can’t blame companies for taking every advantage of the tax code they can. They sort of have a legal obligation to do so.

    All the tax hikes we’ll need to pay for Republican debt and neglect should be done under the table without much public sturm und drang.

    1. You can’t blame companies for taking every advantage of the tax code they can. They sort of have a legal obligation to do so.

      Who are you and what have you done with Tony?

      1. 🙂

    2. Tony said something stupid, Drink!

    3. Republican AND Democrat debt and neglect. Please acknowledge that truth.

      1. No thank you. I choose not to give Republicans extra credit by acquiescing to a false equivalency. They do not pay for the trillions of dollars they spend on utterly useless things. Democrats both buy useful things and pay for them. And they do so, in part, because Republicans have absolutely no shame in bitching like little cunty whores whenever a Democrat spends a dime.

        1. Solyndra. More?

          1. Cleanse your brain of Republican bullshit propaganda, then get back to me.

            1. Well reasoned retort!

              1. It’s the specific and necessary step to be taken before we can talk about anything with any remote possibility of common ground. Solyndra? For real?

                1. Is Huffpost Republican, Tony?
                  They blow you out of the water on Solyndra.
                  https://www.huffpost.com/entry/solyndra-bankruptcy-government-loan_n_1721043

                  There can never be a common ground when the two opposing tribes demand acceptance of their own legends, mythology and ignorance.

                  The common ground is sought by the 40% of Americans who reject both tribes, as independents. Over 50% if we include those who reject blind tribal loyalty to either side, of the type you display here.

                  How can you establish a common ground, when Americans are increasingly fleeing you? And all tribes

                  Learn this some day, if you really care. Absolute liberty must reject ALL ideology, because it defends the rights of EVERY ideology. As long as it does not deny, oppose or restrict others.
                  You likely never saw that. And that’s the tragedy. It is no longer the core of libertarianism

                  Successful mass movements need not believe in a god, but they must believe in a devil. Hatred unifies the true believers”
                  -Eric Hoffer, “The True Believers” (1951)

                  Throughout human history, the worst moral barbarities have been committed by those manipulated to believe they are acting in the name of some god, or defending some “greater good” — the Collective, the State, the Master Race, the Party or a God … Zealots and fanatics … The militant self-righteous.

                  1. Fuck off, Hihn.

  12. Amazon sells crap online, with the most notable innovation patenting the “buy in one click” button. I know they are looking at drone delivery and AWS and recommender algorithms, but what the hell are they really spending $2 billion in research on?

    1. All the robotics being applied in their warehouses can’t be cheap. You’ve also got the Alexa and Fire apps, the Kindle, and who knows what else.

    2. They are researching the US tax code; duh.

    3. Their most notable innovation is massive efficiency in their distribution network.

    4. I know this is a late comment, but Amazon’s cloud infrastructure changed the world. Almost every start up out there today hosts its functionality on “Public Clouds” like Amazon AWS or Microsoft’s Azure.

      It used to be that if you wanted to build a web application, you had to get sys admins and production engineers to build servers in a datacenter. You spent countless weeks project managing the deployment of infrastructure, configuring networks, and getting code out into the datacenter. Today, a single developer can deploy this complete tech stack with a few clicks on a user interface, a credit card, and a code repository (also hosted in the cloud) that configures all this stuff.

      Most of Amazon’s operating income comes from AWS, and they pump significant money into R&D to make it easier and more functional.

      1. This former web designer remembers … and bows deeply in appreciation!

        1. I’m sure you were a ‘web designer’; I was a nuclear physicist.
          Fuck off, Hihn.

          1. I could prove it. Then you’d say something brilliant like “fuck off.”

            If you attack me for THAT, you really are one sick fuck, driven by a hatred which is truly psychopathic . (For those who don’t already know)

    5. Lots of research in datacenter efficiency.

    6. Marcus Aurelius
      June.14.2019 at 3:41 pm
      “Amazon sells crap online,…”

      Marcus Aurelius posts bullshit online.
      Fuck off, luddite.

  13. Greedy motherfuckers. Amazon made the mind-boggling sum of $11 billion and poor old Uncle Sam needs that money because he’s only got a measly $5 trillion. Uncle Sam needs that money because there are poor people who need food and clothing and shelter and healthcare and jobs and college for their kids and shit, if you left that money with Amazon they’d just go out and hire more people so they would have jobs and could buy food and clothing and shelter and healthcare and college for their kids and shit.

    1. Well..every company including Amazon is trying hard not to hire more people. People ask for health care and 401K matching and shit. Instead they are trying to increase productivity with the people they have and doing R&D (which creates a few high-paying technical jobs in the short term but will kill many lower-paying jobs in the long term) to automate and build drones etc.

      Drones and robots depreciate but they are still a lot less expensive overall than warehouse people and delivery drivers. They also try to hire as many contractors rather than full-time employees as possible so that they don’t have to give them health plans. The other ploy is to hire lots of developers from India. The myth of big companies doing R&D to create lots of jobs in the future is a myth.

      The future is the investor class doing very well, highly educated tech people doing pretty well, and lower education schleps being unemployed unless they do something like wiping old people asses or something equally difficult to automate in a cheap way. So, make it really hard for the unemployed schleps to vote or you’ll have to pay more taxes for social welfare programs.

      1. Lester, are you Jeremy Rifkin’s sockpuppet account?
        Go back to the 1990s with your stupid fucking ideas about employment, asshole.

      2. Yeah, because getting the job done with fewer people is evil. We should regress to an agrarian economy, so that 90% of people work on the farm, right dimwit?

      3. Lester224
        June.14.2019 at 4:33 pm
        “Well..every company including Amazon is trying hard not to hire more people. People ask for health care and 401K matching and shit. Instead they are trying to increase productivity with the people they have and doing R&D (which creates a few high-paying technical jobs in the short term but will kill many lower-paying jobs in the long term) to automate and build drones etc. ”

        Neo-malthusians are idiots.
        OK Lester, YOU start of business and keep your books longhand with fountain pens.
        Tell us how is works out.

  14. A democratic candidate is lying about taxes.
    Really?
    Next thing there will be an article about how the sun rises in the east.

    1. Trump’s lies were even larger in 2016 … plus he campaigned on a 37.5% tax cut for mostly himself and SOME other rich people,

      Republicans weren’t crazy enough to move a billionaire to the 25% tax bracket …. so they gave him only a 20% cut … though he snarled that he got a tax increase.

      1. Fuck off, Hihn.

  15. This stupidity on the left is getting worse by the year. Leftists who are pro socialism say we should have free education, free healthcare, free housing and free money (UBI). When you ask how are we going to pay for these things, we are told a very simple answer: “tax the rich, because they don’t pay enough in taxes”. The tax brackets in the United States are based on income and the more you make, the more you have to pay. “Rich people” pay most of the taxes in America so where did this nonsense that the rich aren’t paying enough come from?

    Joe Biden said Amazon shouldn’t be paying less taxes than teachers and firefighters- show me a teacher or firefighter that pays over 1 billion in taxes.

    1. Well, to give credit where due, some of these firefighters in California are coming pretty close – – – –

  16. Assume VP Biden’s complaint is w/ the tax code

    Um, I assumed that it was.

    1. Bad assumption. The government made the tax code, and the government can never be wrong.
      A corporation followed the tax code, but Joe doesn’t like that, so the corporation is automatically a crook.
      It is not about the law with socialists, it is about what they want at any point in time. Joe wants to run our lives.

  17. I like how his solution is raise taxes on Amazon instead of lowering taxes on firefighters or teachers.

    Biden’s ratchet only goes one way.

  18. Correction to the last paragraph:

    “But it seems inappropriate to condemn companies for doing what the tax law was designed to encourage.”

  19. I am curious as to how Amazon spent $22B on research and development. What kind of research?

    1. Their cloud software division is (IIRC) their largest division. And it’s $2B upthread … with no source. … as part of a hate screed against Amazon

      1. Fuck off, Hihn.

  20. All corps should pay at least 50% in taxes on whatever their profits are, so yeah, the current tax code is lame. But since the corps and the plutocrats control everything, guess what?

    1. The largest shareholder group of corporate stock is … pension funds … asset value = 80% of the New York Stock Exchange.
      Haven’t progressives have already screwed pension funds to near-bankruptcy?

      If the corps and plutocrats control everything …
      1) How did corporations trick us into taxing them so much worse than any other country on earth?
      2) And how did plutocrats trick us into taxing them enough to subsidize nearly half the entire middle-class tax burden?

      Why does EVERY democratic socialist country tax corporations as law as 12% — versus our 21%? …. PLUS their dividends are tax free, and ours are taxed (double- taxation

      Do you know that in Canada, employers don’t pay a dime of their medicare … and their workers pay taxes nearly twice as high as ours?

      Why does NO democratic socialist country have a subsidized middle class? Only us.

      Would you be willing to pay double your current taxes, to have Medicare for All …the same way workers pay for it in Canada, the UK, Sweden, Denmark, the Netherlands and nearly everywhere else?

      Why do you assume we have not yet lost our best manufacturing jobs, because of today’s corporate tax code.

      If Microsoft is already paying half your federal income tax, and you want still more subsidies for yourself, might you consider an option where Bill Gates could cut your lawn and wash your car?

    2. What should they pay on their losses?

      Define “profits”. Be precise.

      1. What should they pay on their losses?

        (smirk) The exact same as YOU having a net loss for the year..

        Define “profits”. Be precise

        On the shareholder reports or on the tax returns. Be precise. (Either of which would be parts of the tax code much too large for a comment.)

        Why not specify what you THINK your problem is … since you already have a MAJOR gaffe on losses … and know nothing about reported profits. And what does any of this have to do with my post.

        Anything else?

        1. Yeah, something else:
          Fuck off, Hihn.

        2. “Anything else?”

          One more “else”:
          You are despised here as a result of your constantly-demonstrated stupidity. It may well be that your mental acuity is suffering; dementia. Or, you are simply not real bright.
          Regardless, you post piles of stuff, and occasionally, some of it is not the ravings of a fucking idiot. Occasionally.
          Seek help, Hihn, and fuck off.

          1. Sevo PROVES a recent Reason piece!

            RISING CONSERVATIVES ARE AS HOSTILE TO FREEDOM AS THE LEFTISTS THEY DISDAIN.

            You are despised here as a result of your constantly-demonstrated stupidity. It may well be that your mental acuity is suffering; dementia. Or, you are simply not real bright.
            Regardless, you post piles of stuff, and occasionally, some of it is not the ravings of a fucking idiot. Occasionally.

            Seek help, Hihn, and fuck off.

            Is your mother proud of how you turned out?

            THIS is Trump’s America. Trump is an enabler for white nationalists, neo-Nazis. and raging authoritarian bullies. His ilk has been burning books for centuries, even burned witches, and suppressed speech far more viciously than Berkeley snowflakes

            If you’re too young to have seen McCarthyism, I can tell you that this is exactly what it looked like, with one exception. McCarthy had power. Sevo has nothing but hatred and shaking his fist at the sky. Bellowing and beating his chest. Like if Kim Jong Un was a powerless thug, with attitude.

            You’ve seen his words. Mine are here

            https://reason.com/2019/06/14/joe-biden-said-amazon-doesnt-pay-enough-taxes-amazon-wasnt-having-it/#comment-7819327

            Which one conveys “stupidity” and a lack of “mental acuity?”
            Libertarians have stood up to REAL power for 50 years … can a raging cyber-bully shut us down? I’m still here. He’s already lost.

            1. It is Hihn.

            2. Fuck off, Hihn.

          2. Actually, he is one of the few who know something about taxes. The “ravings of a fucking idiot” might be found elsewhere – your mirror for example…

            1. No, that was your reflection.

        3. “what does any of this have to do with my post.”

          Not one fucking thing, since I wasn’t responding to you, but to the OP who wants 50% in taxes on profits.

    3. Spookk
      June.14.2019 at 11:10 pm
      “All corps should pay at least 50% in taxes on whatever their profits are, so yeah, the current tax code is lame.”

      Fuck off, slaver.

  21. And every progressive state or city gives massive tax breaks to sports teams ( corporate businesses) to remain or relocate. Also massive tax relief to get companies to locate or relocate in their states or cities. Biden is a hypocritical tree who has lost his way in the black forest of socialist promises. Die a political death, Joe. And go away.

  22. First of all, some 2/3s of US corps. don’t owe any taxes in any given year, since they aren’t profitable enough to have positive tax rate.

    The CBO produced a report “THE INCIDENCE OF THE CORPORATE INCOME TAX” in which it states “A corporation may write its check to the Internal Revenue Service for payment of the
    corporate income tax, but that money must come from somewhere: from reduced returns to investors in the company, lower wages to its workers, or higher prices that consumers pay for the products the company produces.”

    And it goes on to say

    “Although economists are far from a consensus about exactly who bears how much of the burden of the corporate income tax, the existing studies highlight the significant types of economic mechanisms as well as the empirical estimates necessary for further quantifying the burdens. CBO’s review of the studies yields the following conclusions:

    o The short-term burden of the corporate tax probably falls on stockholders or investors in general, but may fall on some more than on others, because not all investments are taxed at the same rate.

    o Most evidence from closed-economy, general-equilibrium models suggests that given reasonable parameters, the long-term incidence of the corporate tax falls on capital in general.

    o In the context of international capital mobility, the burden of the corporate tax may be shifted onto immobile factors (such as labor or land), but only to the degree that the capital and outputs of different countries can be substituted.

    o In the very long term, the burden is likely to be shifted in part to labor, if the corporate tax dampens capital accumulation.

    1. Come on, in Biden World (or at least in the Progressive Wonderland just up the hill), everyone knows that profit is evil, corporations are bad, and that government TopMen, or TopWomen (or TopTrans-nongender-don’t even ask about my private parts until its Gay Pride Parade time and then I will wave them in your face with glitter all over) know much better what to do with any money that some business extorts from the gullible public.

    2. First of all, some 2/3s of US corps. don’t owe any taxes in any given year, since they aren’t profitable enough to have positive tax rate.

      1) There is no such “exemption”
      2) They are “pass through” corporations, exempt from the corporate income tax … to eliminate the double-taxation of corporate profit (see IRS website for Sub S corporations)
      Sub S corps are limited to 10 shareholders. LLCs can have unlimited shareholders.
      Bernie and Elizabeth are even worse than Biden. For example, progressive tax rates SUBSIDIZE prox 40% of the ENTIRE tax burden for the core middle class ($40-99K)
      The ONLY reason they want more taxes is to pay for their Democratic Socialism. Employers in THOSE countries pay NOTHING for public healthcare (or a small fraction). WORKERS pay taxes roughly double what you pay.

      Would YOU pay double your taxes to get Medicare for All?

      P.S. More than half of all corporate stock is owned by ,…. PENSION FUNDS, nearly $100 Trillion the last I checked, no doubt higher now.
      Anything else?

      1. AAAAK, Sorry Boldface, folks. 🙁

        1. The Hihnfection is spreading, call code Wildfire!

      2. “If you’re too young to have seen McCarthyism, I can tell you ”
        “PENSION FUNDS”

  23. Oh, how I loathe this kind of left-wing faux class warfare rhetoric.

    1. Gays ate a class. And transgenders. It ain’t the left hating them.

  24. What is Biden’s tax rate compared to teachers and firefighters? And what’s so special about the tax rates of teachers and firefighters? Let’s compare Amazon’s tax rate to the tax rates of cosmetologists and pneumatic jackhammer operators… makes as much sense.

    1. Good point teachers and firefighters are taxed less because of all the perks. They get pensions, platinum level health insurance, paid time off. Cosmetologists get none of that and pay more in taxes. They only get what they take in and have to pay on 1099 so much more at the end.

      1. That hypocrite Buffett whines that his secretary pays a higher tax rate than he does, since he pays himself the princely sum of $100K per year in “salary”.
        And then spent years fighting the IRS regarding his personal use of his fractional jet business to avoid paying taxes on those benies.
        Fucking lefty scumbags, gaming the rules and whining when anyone else does.

        1. “That hypocrite Buffett”

          And when he donates to charity, he is donating appreciated shares of BH. So he not only gets a big deduction for the charity part, he is not even “paying” for the whole charitable donation (e.g, he may have gotten his shares of BH at $100 and donated it at $1000, so he gets the $1000 deduction at a cost of $100). He ALSO bypasses all the CG taxes that he might otherwise have had to pay. If Buffet wanted to pay a “fairer” share, he could sell his shares, pay the income and/or CG taxes (and the surtax), then donate the remainder.

          His salary is also below the FICA cap limit, so he’s skipping out on that, too.

          Jeff Bezo also gets a low paycheck, below the FICA limit. Guess he learned from Buffett.

          1. Bezos doesn’t lead the charge for higher taxes for others; that hypocrite Buffett does.

  25. […] Billy Binion at Reason pointed out, the company paid $1.18 billion in taxes in 2018 — just at the local, state and […]

  26. “Gropin joe” is an intellectual midget and economic illiterate. That being said he is the perfect candidate for the “moderate left”. If there is such a thing as moderation from the left.

    1. So he’s a moderate, against a psychopathic extremist like Trump. Hmmm.

      Even Fox reports Trump losing to Biden, by double digits, in all key battleground states. EVERY Dem they polled against Trump (all 6) beat him. Biden and Sanders the worst. That tells me voters want ANYONE but Trump — moderate or ultra-left.

      If the 2020 election was today, Democrats would score an even larger wave than last year …. because all Republicans will then suffer Trump atop their ticket.

      “But he was elected! Against the polls!”

      “By a massive total of 39,000 voters. Not a typo, 39,000 voters, in three states combined. How much influence did Russia NEED, and Wikileaks. 🙂 39,000. A record 10 million voted against him. And he got a record number of “anti” votes (voted against Hillary, NOT for Trump.)”

      In Orwell’s 1984, the entire populace was under mind control, by the government. Orwell missed that there would be two parties, each with a totally brainwashed cult of loyal followers, as a growing majority of Americans rejects loyalty to either party. Gummint lies, but different lies based on which party rules at the time.

      1. That’s against a well known career politician who is effectively an incumbent and was groomed for the Presidency. Polls were wrong then and the competition was tougher. Now Trump is the incumbent with 3 years of accomplishments, which makes you wonder what he could have done if he had a Republican Congress after the RINO purge. You can bet he will shout “promises kept” from the rooftops every day until Nov 9th and he didn’t do any of the awful things the media feared he would. Generally speaking, Americans are doing better than they were 4 years ago. Finally, Democrats are more fragmented than ever before. The Marxist lunacy has been fully unveiled, the primaries will highlight it clearly for all the moderates and independents to see, and nobody will radically transform and save the party the same way Trump did with Republicans.

        The pravda pollsters will be wrong again.

        1. Sorry, you lose. Nearly 10 million voted against Trump.
          He set a record high of “anti” votes (Voted against Hillary NOT for

          Barely any accomplishments so far. His foreign policy is a disaster. An he’s pissing off the swing voters that elected him, rust belt whites.

          P.S. He’s already added more 8-year debt than Obama did after 8 years, starting from the longest recovery ever for an incoming President. Handed that, new record in deficit spending, in a strong economy? Fiscally, by far the worst President EVER,

          Did I mention that he campaigned on paying off the entire federal debt in 8 years… so far, he’s ADDED over$10 trillion in new debt.

          And he won the Electoral College by a teeny, tiny 39,000 voters. Not a typo! In three states combined How much influence did Russia NEED to swing 39,000 voters — spending over a million per month , and fraudulently getting 150 million Facebook followers.

          The pravda pollsters will be wrong again.

          Nearly 10 million voters prove you wrong.

          Anything else?

  27. I am making a good salary online from home.I­’­v­e m­a­d­e $­97,­999 s­o f­o­r last 5 months w­or­k­i­n­g on­l­i­n­e a­n­d I­’­m a f­u­l­l t­i­m­e s­t­u­d­e­n­t­. I­’­m u­s­i­n­g a­n on­l­i­n­e b­u­s­i­n­e­s­s o­p­p­o­r­t­u­n­i­t­y I h­e­a­r­d a­b­o­u­t a­n­d I­’­v­e m­a­d­e s­u­c­h g­r­e­a­t m­o­n­e­y­.I am genuinely thankful to and my administrator, I­t­’s’ r­e­a­l­l­y u­s­e­r f­r­i­e­n­d­l­y a­n­d I­’­m j­u­s­t s­o h­a­p­p­y t­h­a­t I f­o­u­n­d o­u­t a­b­o­u­t i­t , …… payhd.com

  28. We need a simpler, less gameable tax code for all, both businesses and people… But with lower rates than we have now.

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