Comments by "Wandering Existence" (@WanderingExistence) on "How Companies Like Amazon, Nike and FedEx Avoid Taxes" video.

  1. People make investing seem so much harder than it has to be, dollar cost averaging into a low cost S&P 500 fund and basic bond fund is very simple. If that's too hard they make target date funds. I like to make life hard for myself, so I invest not only in SP1500 and NASDAQ indexes I also use individual stocks, industry specific indexes, crypto trusts, and employ leverage.... But that's because I'm an f'ing nerd.
    3
  2. It is funny how people think that by not paying taxes corporations are taking money from them ... As if that money wasn't going to be spent on the military and corporate subsidies. They actually believe the government works for them!! 😆😂🤣
    3
  3.  @A.P.P.1.1.3  Lol, having corporate corruption doesn't mean it's a totalitarian government. Stop being a loon.
    2
  4. @Ed MacLane Uh, yeah, we get that.... That's why he was saying they use the company dime to pay for a more extravagant lifestyle and then are able to write the costs off. 🤦 You didn't say anything new.
    2
  5. Yep. There are plenty of reasons to point out how corporations are scummy, but this one is pretty fabricated. We just want our hamburgers and gasoline at a cheap price.
    2
  6. Lol, sure you will. Please don't use an IRA or other tax advantage accounts to AVOID tax liability.
    1
  7.  @jiaweichew3370  You don't see the value of a Roth IRA?? Oof.
    1
  8.  @jiaweichew3370  Ah okay. What kind of return have you gotten off of your EPF?
    1
  9.  @douglasbrittain7018  Raise taxes? That's sooo basic. You'd make all the plebs mad at you. Just inflate the currency and take out large amounts of debt in their grandchildren's name.
    1
  10. People complain because they know corporations are screwing them over but they don't really understand how- honestly I think people complain too much about a loss of 8.5 billion dollars when the government spends that in half a day. But I think it's also important to consider that while both corporations and individuals can take deductions the scope of deductions is different. For example if a company spends money on food for the employees they can write that off as an expense of keeping the business running... For me, I don't get it right off all my food expenses to keep me running.
    1
  11.  @WildhareT680  Are you really crying over $8.5 B? Don't you think more efficient tax spending might take care of that a lot quicker? I mean we have the largest military budget in the world, $728.5B in 2022, I don't think we could get by on $720B? The whole system is effed.
    1
  12.  @axelband1770  Lol, If you think you need a work hard to be a millionaire in America, you don't understand capitalism. You have to buy assets... Stock, real estate, bonds, etc. Especially in tax advantaged accounts, like an IRA, Roth IRA, or 401k (You too can benefit from not paying taxes!) Start soon, because capital compounds, leading to gains larger than the principle if given enough time.
    1
  13.  @A.P.P.1.1.3  Funny you mentioned that; you said you want the right to question your government.... Do you know what the first amendment on the bill of rights is? 😂🤣 I think some dudes in wigs beat you to the punch by 246 years. Maybe go read the Constitution and Bill of Rights.
    1
  14. No, just no. That sounds atrocious. Do you think corporations are going to increase their lower employee pay or give the c-suite more benefits and to share buybacks??? You are out of your mind if you think thats good for the country- and I'm an investor who would benefit from that tax scheme.
    1
  15. There are only two things I agree with Milton Friedman about... And they're both about positive ways of structuring the tax code. Firstly a land value tax, which taxes the ground value of a property, the second is a negative income tax, that creates a progressive tax code without a poverty trap.
    1
  16. They are corporate persons... Which means they can lobby the government for better tax treatment.
    1
  17. Or you could just own stocks and not take the risk of starting a business ¯\_(ツ)_/¯
    1
  18. What is the government going to invest in to yield 6% annually, consistently?
    1
  19. They all pay their taxes and they ALL avoid as many taxes as possible. Tesla doesn't go out of its way to pay more tax than necessary, they have lawyers that search for loopholes too 🤦
    1
  20.  @traveldavid6085  Okay... Your point? Elon doesn't believe in having a lot of government assistance.
    1
  21. Huh?
    1
  22. What? Amazon can keep costs low and pay workers more, while also investing heavily in their delivery network and AWS server business. They do this because they can write off reinvestment AND wages/ compensation.... That's the whole reason why Amazon doesn't pay any corporate tax because they write off all their profit as reinvestment/ labor costs. It also means that they attract higher quality labor by offering more competitive wages. Amazon could become profitable at any time but they choose to grow their business, because that has been their business model since the '90s and what has made them so big.
    1
  23. This perspective is pretty stupid considering that it favors the elite and probably not you.... Lol, what a rube.
    1