Comments by "gary K" (@garyK.45ACP) on "Yes, that IRS letter you got in the mail is legit | WSOC-TV" video.
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@thepirate305 NO corporation paid ANY TAX in any year. ALL corporations collect taxes and pass it the money they collect on to the government. It just means that other corporations collected more (percent) tax than Amazon and passed it on to their customers/shareholders and/or employees.
Right, they can raise prces...to a point. They can cut dividends...to a point. They can cut benefits...to a point. And if they can't recoup ALL the tax that way, they move out of the country.
That's not fair. Corporate "tax" should be -0- for all corporations.
NO BUSINESS "pays" TAX.
This is very simple math...profit is calculated AFTER all costs and expenses (including taxes which is are an "expense" unless it is on specific items, like a tariff, and then it is a "cost") If ANY company made ANY profit, it means the company did NOT "pay" ANY tax. Period. YOU paid the tax...and their electric bill, water bill, landscaping costs for their headquarters, snow removal costs, etc., etc., etc.
If a business does NOT make a profit AFTER TAX, or if those profits are not enough to interest shareholders or shareholders' 401K management firms, it will
1. go out of business.
2. move it's operation somewhere with lower taxes. If that is within the USA, then only a state loses tax revenue and jobs while another state gains tax revenue and jobs (the employees pay tax to that state in income and/or sales taxes) Some states, particularly TX, TN and FL aggressively recruit business to move to their state.
3. move out of the USA. Some countries aggressively recruit US companies to move to their country.
4. go out of business and whatever jobs they created or supported will be lost.
There ARE NO other options. To imagine that "Amazon" will just pony up more $$$ for YOUR "free" stuff and "eat" the loss is naïve beyond belief.
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