Quote:
Originally Posted by Robbie
That same article also says this:
"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,"
It's confusing. Did they pay "zero" or 2.6 BILLION in taxes?
Or is this third party company that is looking at Amazon's public records saying that they HAVE been paying taxes but won't have any for the year 2018?
The article also says that the companies being looked at by the "Institute on Taxation and Economic Policy" all say their findings are incorrect.
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I had asked the same question when I seen the data.
That chart represents Federal Income taxes only.
Not knowing their situation for state taxes ?
And in some states, a incentive tax deduction can exclude you from local school taxes, like Pa, but Ohio does not allow this. So each state has it's own rules for local exceptions.
And I am not sure if they are referencing taxes (all) even outside the US when they state what they are paying out. But those fed taxes in that chart are verifiable correct.
So watch the what and how they say it to muddy the water.
Yes, plenty of confusion on taxes, so I am always skeptical from some of the junk I have checked on myself.
I had listened to Exxon Mobil make the statement and somewhat complaining many times, that they pay more taxes than any US company.
It could be true depending on how you want to count the marbles.
But it really isn't correct to say it that way and here is why.
Exxon counts all the money shelled out to land owner rights on federal land as taxes (royalty money for oil on public lands that goes to the treasury, it's taxpayer money, it's taxpayer land, it's taxpayer royalty).
So, it would be true that they probably give the US government more money than any other company, but it's not all in taxes. Probably much less than half of it is taxes.
Now that I have said that, you may understand why I always pay attention to 'how they say it'
because if you 'listen to the news rather than watch it' you pick up on selective use of words that are used to create a smoke screen of a lie. It's not really a lie, just very misleading.
I got pretty good at this 20 years ago. politicians do it alot, company's too.
There is always more questions to be asked when they are not using what you would think is 'normal wording'. Gets my attention immediately.
Oh... and remember when any of them say how much they pay in sales taxes that is not so. They collect sales taxes from you and pay the state.
Company's especially retailers, do not pay sales taxes.