"Amazon is the most prominent example. Amazon is [a $1 trillion] company that literally paid zero in taxes last year, and that's not unusual. They routinely pay zero or near zero in taxes," Yang told the Times. Amazon, which currently has just over a $900 billion market cap,in U.S. federal income tax on more than $11 billion in profits before taxes in 2018 and received a $129 million tax rebate from the federal government.
An Amazon spokesperson did not have a comment specifically about Yang's statements, but told CNBC Make It, "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." Amazon also mentioned its investment and job creation in the U.S.
"If you look at putting a tax in place that harnesses the value that's getting generated by these companies who are the biggest winners in the 21st century economy, it is the Amazons, Googles,
MakeIt Soooo.... the headline should have actually been...”vote for me I’m giving away free money”.
MakeIt Just most of them?
MakeIt UBI might be a revolutionary program but there are so many things to consider before enacting it.Dragging the Alaska permanent fund as a comparison for its reason couldn't be the answer. Moreover, UBI is such a policy that presumes people as a virtue human who able to choose best
MakeIt VAT is a very bad idea. Need a constitutional amendment: Abolish the tax code. Make taxing income, assets and property, along with VATs and tariffs, illegal at all levels of government. Only sales tax should be allowed at any level of government.
MakeIt Not ALL a-holes is probably not a group compliment I'd like about my profession. Implies most of them are
MakeIt Another tax deduction on paying nothing in taxes.
MakeIt Why not buy them health insurance instead and really make it count?
MakeIt WHAT IS THE OPPOSITE OF A MOIST TOWELETTE NO NO NOOOOOOOOOO!!!!!!!!!!!!!!!!!
MakeIt crygate
MakeIt I actually really like Andrew Yang.
MakeIt You can send mine whether you win or not..!
MakeIt But they all might be shooters! Ah ha ha ha ha! Beards and glasses- get it? Fantasy video games, autism stereotypes and meds, DARE expectations stealing their belief in their ability to be someone who can do it all and make it in the world? Do you get these kids?
MakeIt Cool story, bro. But not even on the top 5. Bookies say go home.
MakeIt Wow yang ban lifted That dnc speech mustve made a impact 😆😆😆😆
MakeIt Name 5 of them.
MakeIt What’s the difference between this and being paid a thousand dollars more from your job it increasing your standard deduction by 6K/person. They effectively do the same thing. At the end of the day, you’re just buying votes.
MakeIt Just another nobody with a massive ego defending the Tech reprobates.
MakeIt
MakeIt This man really thinks this is not going to fuck up the economy? That’s funny!!! You can’t tax those big companies... they’ll just rise their prices.
MakeIt 1000 dollars to these companies is negligible to them and more than likely they would be able to write it off on their taxes the circle of stupidness would be complete
MakeIt With almost 250 million adults, you only need 250 billion each month. We liquidate amazon and google. What do we do for April?
mikesunx MakeIt Why don’t those companies just start voluntarily writing checks to people then? You don’t need the government to do this. In fact, you would save a lot of overhead and waste not having the government being involved. I’ll wait.
MakeIt Not sure why some Americans politicians like to spew BS like Trump. Absolute ludicrous 1K proposal. Just stop publishing this stupid idea.
MakeIt Good Lord
MakeIt Oh jack has donated to Yang but he wants us to believe they aren’t a__holes? Lol too funny!
MakeIt
MakeIt Maybe his friends could help clear my teacher wish list on Amazon.
MakeIt Yang it! Now we know where his loyalties lay!
MakeIt When you end up giving away your personal wealth then come and ask other people for their money.
MakeIt Means they know the CIA-Backdoor? How did that happen?
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