The corp. tax rate should be 30% for the highest brackets (millions of dollars a year) and a Value Added Tax should replace sales tax, (tax profit, not sales, the tax should be baked into price). For corporations earning less than $200,000/year in gross revenue should be taxed at a 10% corporate rate.
Amazon actually has records for all their expenditures that are eligible for credits and exemptions. That would seem to be the key difference. What precisely should the IRS be going after Amazon for? Paying all the taxes they are legally obligated to?
The tax should be on US sales so we don’t care about tax write offs because they are taxed on sales US. If. Companies move it does not matter because when they sell in the us they will be taxed and we know US is the biggest market so they can’t ignore US
Did these employees pay any income taxes? Amazon (AMZN) revealed Thursday that it had 541,900 employees in the third quarter, up from a little more than 300,000 in the same period a year earlier. Put another way: Amazon has added nearly a quarter million employees to its headcount in a single year.
MR IT409 It’s 11.9 billion dollars in profits, and they got a 129 million dollar rebate. Those jobs were probably going to be created anyway, Amazon has been consistently growing for over a decade. Most of those jobs pay 15 an hour which is better than most but not good enough for not paying income tax. Perhaps if they employed 750k and payed 20 an hour to start, you could make a better case
I mean not really Amazon is a business not a person, only people pay taxes and Jeff Bezos 973 million dollars in taxes and not only that. The resources that Amazon would use to pay taxes would hurt poor people because, those resources would be better spent hiring new Amazon employees.
$ $$$ A trillion dollar company pay $0 in tax no wonder America is broke. I used to have a small business and paid over $30,000 in tax per year. Not fair at all.
@@theshield1613 A dollar bill is debt. Our currency is literally debt. To pay off the debt is to remove all federal reserve notes from circulation and drop everyone's bank account balances to zero.
@Khunta Khan isn't that besides the point? They paid NOTHING in 2018. Just because your carrying out the american dream just like Cindy Li doesn't mean they have a no tax pass. You are literally supporting a monopoly and being a corporate sheep.
Wow, Amazon avoiding $0 federal income tax in 2018 is a masterclass in financial strategy. Meanwhile, I'm sitting on $212k in an emergency fund, itching to dive into investments. Who knew avoiding taxes could be so inspiring? Need a headstart-any tips, folks?
I get it-navigating taxes and investments can be tricky. I was in the same boat until I found a fantastic investment advisor. They really helped me get on track with my finances. If you're looking for guidance, a good advisor might be worth considering!
There are plenty of CFAs out there. I've worked with several, but ‘Linda Aretha Reeves’ has been my go-to for years. Her performance has been consistently top-notch, and she’s highly respected in the field. Worth checking out!
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Linda after inputting her full name on the web, she seems highly professional with over a decades of experience.
Her: so how much do you make? Me: let's just say I pay more taxes than a large company like Amazon Edit: wow I didn't expect there to be so many uptight people who can't take a joke. Murphy's law: the best way to get the right answer is by saying the wrong thing and someone will eventually correct you
@@swampdonkey7552 Absolutely and don't forget that the 50% of American people don't pay either Federal Taxes thus they pay the same amount of taxes than Amazon that is to say 0. Furthermore 70% of all Federal income taxes are paid by the top 10% of earners which make this taxe a very progressive one.
@@abes.4040 Wanting people to be heard more in politics instead of multinational corporations, doesn't mean they hate businesses doing business, its that they should pay their fair share of taxes and that those loopholes they use should be closed
Worker: Flipping Burgers for minimum wage *Government* : You need to pay taxes Amazon: Makes 232.9 billion in revenue. *Government* : *Your good no need to pay anything*
In many countries even in Europe (the nordic ones) made this before USA, in Sweden the people pay to much taxes, but an enterprise in sweden pays 19% tax rate, thats because the companies are always an income to the state even don't pay corporation taxes, they sell products their products have sell-taxes, they pay wages to their workers, the workers of their wages have to pay taxes, and the company pays indirectly taxes for buy another things. If the owner or Shareholders want to draw out the money, have to pay personal taxes that are higuer than corporation taxes, if they reinvest the money the enterprise doesn't pay taxes, but creates jobs and expenses and indirectly they are government incomes.
you guys are so dumb. The reason Amazon doesn’t have to be pay in income tax is because Amazon was at a lost for many years. So, the US government isn’t going to tax them until they make profit again.
Yet small business (the back bone of the economy according to politicians) can't use 90% of those breaks and credits that multi-billion dollar multi-national companies take advantage of
Amazon is destroying small businesses amazon can’t give us all a job and if it did you think it would pay us well? You think it’s bad with the present big retailers and fast food industry wait for amazon take over which is basically Walmart 2.0 and it’s becoming such a big deal they are trying to implement a basic income to every citizen because having a job will be almost impossible unless you’re a scum bag or allow yourself to be treated like one. It already is like that in a way. However those with connection and in good rich circles will always benefit and defend the system.
@@PAS2010D Amazon gives employees their paychecks in the form of stocks maybe not all of them but some of them is enough. When the employee sells it they are paying capital gain or loss, their check might not even be worth what they worked for.
@@Gabriel.4190 that's why you hold that stock until it's time to retire. A cart pusher in my town worked his whole life at walmart. Never moving up in the ranks on the lowest salary. When he retired, he sold his walmart stock. Which had risen tremendously in value over the years. He is an uneducated, low wage worker who retired a millionaire. By no means am I claiming his story to be common place. Getting in on the ground floor doesn't happen for everyone but when you save what you have and don't wash it out everytime you're given shares then you can have a handsome nest egg. Not like amazon is going under anytime soon and if it does start floundering sell out.
Your comment makes no sense whatsoever. The OTE that incorporates stock options is great because as the company revenue grows, so does the employees OTE year over year. Employees have the ability to cash out whenever they want and pay tax.
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bullrun, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?
I noticed, a lot of folks are making huge 6figure killings in this downtrend, only just that such technques are mostly successfully executed by folks with indepth mrkt knowledge.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technque to navigate better in these times, so I hired a portfoilo advlsor.
@@Oly_laura Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.
They lowered corporate tax from 35% to 21% and increased federal employees tax, now families make less due to federal tax increases and corporate make more due to corporate tax decrease.
RedNitro Hacks he makes most of his decisions due to his business because he knows no ones gonna votes for him after 4 years so he’s doing what he can do benefit his company that’s why he lowered interest and tax etc
USA the only country where one headline is "Amazon not paying taxes in 11B profit in 2018" and the next headline is "Homelessness growth hits double digit in 2018"
Serie26 bribery really only applies to individual government officials, that take money to go against laws/the government illegally. If the entire government is structured to accept bribes then it’s not really bribery nor is it illegal, which is why it’s called lobbying. The term bribery implies illegality or deceit, which is not the case here.
@@darukan yep that happens, baby. But I was in Dubai for 10 years and when I got a couple of remote jobs that paid $80k-$120k a year, I paid no tax. The point is where you live and where you work are so important.
Amazon is trying to modernize and automate their business. So the cut they were givin, which is supposed to trickle down to the employees, is instead being invested in technology that will replace them.
And that is the real crux of the issue. I work at Amazon right now and they recently build an automated warehouse near me and the place I work at has had their employment heavily dip and the number of products going through the building doing the same. A building that only a while ago was one of the biggest in the area is now a shadow of it's former self. This means those cuts definitely wont return back to the people. And with Amazon going fully automated other warehouses will shortly follow suit and possibly buy or rent Amazon machines similar to how many data centers are owned by Amazon. Many don't even know that games like even Fortnite run on Amazon data centers.
Jack Smith they could train some of their employees to be technicians but it would be a small fraction of their workers. No company has ever automated their business and then kept all the employees on salary just in case a piece of equipment breaks.
@@patdeen6648 That's just the natural workings of capitalism. In order to keep up profits they must continually cut labor costs. However the world is finite in size and the workers can not buy back all that we produce which leads to continual economic crisis. Capitalism is the first system to suffer from crisis of over and not under production. The capitalist close plants if the can't make a profit or can make bigger profits elsewhere.
@sploofmonkey That's always been the case with the factory system. Just watch Charlie Chaplin's "Modern Times" which was made in 1936. Alienation comes from the bargain workers make with the capitalists. You go to work do what you are told and in return your allowed to leave go home, sleep and return the next day and do the same thing all over again. Your wage is only meant to keep you alive so you can come back and work the next day. So when you leave your employers property your always left with a sense of having left something behind.
I made 70,000 last year and paid over 9k in federal taxes not even including state taxes and social security but they can make billions and pay no taxes?
@@AfjeerOf not paying taxes is an incentive for the employer to innovate and reinvest their earnings. Everyone and everything responds to incentives. Go and ask an economist and a psychologist and they'll both tell you the same. Amazon has not paid taxes per say but their corporate officers have. Their employees have. The people they indirectly affect when doing business have. It's a cycle that has to be started somewhere in order for it to create a domino effect. It's the reason why multiple cities across the nation are begging Amazon to stablish it's second headquarters there and why they provide incentive to many different companies. It just happens that were obsessed with Amazon and everyone keeps talking about that one company while countless different companies in different cities are getting 10+ tax free years for setting up business there. Just like at how Phoenix, Arizona has been growing as a business center. Because of TAX INCENTIVES.
i've started studying nursing this year and i've spoken to a bunch of nurses, with all kinds of qualifications, about the type of salary they get and if it feels fair compared to the gruelling and emotionally straining hours they work. They all said that the tax cuts are just brutal, and you're barely left with nothing after paying insurance and other living costs, but they are passionate about their job and that's just how nursing is - long hours, emotional stress and little pay. I feel so angry that these hardworking front-line workers can't feel like they're allowed to complain about tax because it would make them look less passionate and dedicated, while billion dollar corporations can just casually not pay tax
Amazon pays a lot of taxes it pays taxes on its buildings, it pays taxes on its workers, it pays taxes on its fuel, It facilitates collecting sales taxes. On corporate taxes it does not currently pay them because of allowable deductions on expanding and buying new buildings. But the tax code was designed to encourage companies to rapidly expand and employ new workers.
Y'all know that this loophole is just spending whatever 'profit' they have so that there's no net profit right? Literally any company can do this. Tax is only paid on the profit (revenue-expenses). There is no political party that can remove this 'loophole'.
Amazon sometimes spends all their revenue on expanding their business and thus have zero or even negative earnings. You only pay corporate taxes on earnings. Obviously you must have had positive earnings if you paid taxes. If you are an independent trucker and one year you decide you have to replace your truck with a new one and it costs whole year's income to purchase it, you would have no tax liability that year. That is essentially what Amazon does frequently.
@@zz-fu9ys And whose plans would cause anyone important economic wise to high tail out of the US. However Yang's VAT is old news to nearly every country the big businesses would flee to has a VAT and combined with the UBI program they, on a macroeconomic level, cancel each other out. Raising sales, income and creating a wealth tax is just going to cause the same old problems they always do, all the money makers are just going to be very sneaky at best or go to some place that is nicer for them to do business in.
@LAFOLLETTER Brand loyalty combined with consumerism, makes getting money very easy with nearly no issues. Combined with Amazon's many ambitions and you get the business equivalent of a impenetrable stronghold that can be relied upon to make money.
That's exactly right the way it is, I haven't seen common men having the same monumental worldwide impact on revolutionizing e-commerce, he should enjoy his millions, billions and trillions for his achievements & not be bothered by people jealous of his success, who don't succeed in life themselves & try to find someone to blame their misery on
@@driver13g27 If you think people are jealous of a guy whose employees pee in a bottle or wear adult diapers because they can't even get a toilet break then you are truly delusional. Nobody says that about Bill Gates or Elon Musk because they are true revolutionaries changing the world for better whereas the guy you are supporting cares about nothing but amassing wealth.
@@GameFuMaster Jeff Bezos and Mark Zuckerberg do not create jobs. They replace jobs. 80% of the workload at Amazon, Google, Facebook and Apple is completely automated. They want to get that number up to 100% if they can.
As an economist, I can tell you Amazon is contributing billions of dollars to our economy and in tax revenue to the government. It is too simplistic to simply look at a corporate tax return and say “their not paying enough” Tax them directly in a significant way, and they will move the corporate headquarters to Dubai in a month.
@@ihadtodancetosurvive1824 Trying.... no I am not trying.... I am insulting.... I appreciate the fault pointed out... Let me correct it for you... secondly, nice typical expected reply... come with logic, not language rules..... and as far as language is concerned... since I have used they I should go for 'rich lives' instead of 'a rich life'
Like they can move, lmfao. Don't know why y'all so scared of companies. If they move the us can easily back another company and get it as big or bigger than amazon. This is the same logic as "if we raise minimum wage then prices will go up too" like prices aren't rising already.
@@vibez2806 Exactly, if they don’t appreciate democracy then a monarchy like UAE would suit them. Tired of idiots thinking that they would ever see Amazon’s so called contributions help the development and progress of society, it’s only going back into the pockets of the rich. The elite are their own tribe and keep their wealth between themselves. Tax Cooperations.
Jeff Bezos has the best politicians money can buy. No accountant can get your tax bill all the way to zero. For that kind of magic you need a politician.
SpaceTime Gaming Nothing illegal about it. But I am against cronyism. I would rather there be some sort of flat tax. I don’t like it when they pass laws with loopholes
@@MrLogicAndReason but their investment and stock based compensation and losses from previous years is the reason they pay 0 in taxes i would rather let them pay 0 and create jobs rather then pay x and create no jobs
SpaceTime Gaming I’m not sure how I feel about the stock based compensation. But regardless , many of these companies are investing in automation/AI which replaces Jobs. I would rather they get a deduction for each job they create and (like Yang) id rather discuss getting rid of the payroll tax to make it less costly to hire people.
People are payed based on their value, if 1 million people can do the same thing I can do, my value isn't very high. On the other hand if I'm the only person out of a million people that possesses a certain skill that the company needs, my value will be sky high and my pay will reflect that. Point I'm making is, make yourself valuable and you'll get rewarded, earn the money, stop asking for handouts.
It isn't a miscalculation, every article i've read about this is very very careful(to prevent being sued for slander) to explicitly say every single thing amazon is doing here is perfectly legal. Also the IRS rounds to whole dollar amounts, nobody gets threatened by the IRS over 2 cents.
Apparently getting $129 million rebates means they not only paid their taxes, they paid $125 extra dollars over the course of the year. They over-paid by $125 million.
Blows my mind that people keep voting for politicians who give tax breaks to their rich friends while shaking the rest of us by our ankles. Talk about voting against your own best interests
So was built the USA. It is in its core. People who rent real estate to others and own business almost don't pay any taxes. Because they are doing the most important job in the country - providing roofs and jobs. Employees are exchangeable any day, any hour, any second of any century. Entrepreneurs are not.
i wonder where they got this video idea? probably Andrew Yang - has been talking about this for a long time. if you want to hold Amazon accountable - vote Yang 2020!!!
@@ntc_108 Maybe. How does this really end up increasing the taxes Amazon pays? It seems like from this video that they didn't so much as hide their income, but simply reinvest their profits in ways that allowed them to then write that off their taxes.
@@charlesearp6133 The Vat isn't meant to increase Amazon taxes. Yang has a separate goal to restructure tax policies that will not allow as much tax credit
I’m no so much upset at Mr. Bezos for winning the game... I’m more upset with our government, particularly the legislative branch, and how this game has been established on the backs of taxpayers...
I would gladly agree that Amazon is out to make money. Would you claim they are doing so unlawfully? Would protesting against a company have a better chance at changing towards a positive outcome than changing your own lawmakers to those who are more in line with what you agree with? If you have people in power who are easily influenced by power and money, then the fault lies with those who put the people into power, not the corporations who are looking out for themselves. You are making it sound like there is something wrong with wanting to make money. I don't know, you just sounded like someone who are angry that they voted for the wrong people.
@@LouwNieuwoudt Lets compare what you are saying to other examples. Is it illegal to make a "mistake" that kills people? Generally, yes. GM admitted in federal court to killing 13 people with faulty ignitions, no one was prosecuted. Banks doing both consumer lending AND investments was illegal, they lobbied to change that, then immediately caused the housing crisis. Was it illegal for VW to purposefully build systems to defeat environmental testing? How many executives were prosecuted? Finally, HSBC was caught knowingly laundering money for Hezbollah, Al Qaeda, and the Sinaloa Cartel and not a single person was prosecuted...they just paid a fine. So I counter your argument of "Would you claim they are doing so unlawfully?" with "Does it matter?", because US history is FULL of cases of corporations breaking the law, sometimes doing some downright horrendous things, and the leaders of said companies literally never get prosecuted.
@@jameswood5832 It matters what is legal and what is illegal, and that is a point which I'm trying to make. I'm not saying you should like massive corporations getting away with "X", I'm saying make it illegal to do so. "The people" are now protesting something they do not agree with, whereas that should not have to be necessary in the first place. While it's great that these 'infomentries' shed light on these issues, picketing against each and every corporation that takes advantage of the system is illogical. Make it illegal so they stop doing so in the first place.
@@LouwNieuwoudt that was their first line of attack. However, you must know by now that New York is a liberal state. It's sent to Washington lawmakers who can't wait to change the law.
@@LouwNieuwoudt ". Make it illegal so they stop doing so in the first place." Like how things being illegal stopped all of the examples I listed? The problem is, the system itself is broken. Changing a few specific rules inside of a system cannot fix a fundamentally broken system.
@@BrentBMX It's a systemic problem. Corporate Greed has been put before the employee. A lot of these super super successful corporations record billions in profits and the low income worker can't afford rent. This lower class is growing exponentially every year. Soon enough something will balance out when people stop buying b cause the cost of living is just too high.
are you making some indictment based on some investigation whit evidence and proof, or are you youst beliving some bulshit you heard on fox or www.theconspirationist.lol ?
I’m learning how to do that. I bought the entire Rich Dad Poor Dad book series. There is a way to work around the tax code... you just need a business (any)
@@NikolaHD So basically large corporations shouldn't pay taxes at all because they provide jobs.. Yeah that makes no sense considering they NEED the employees to function at all.
Correct me if I am wrong, and I often am, but the last time I checked, the top 1% of earners pay close to, if not more than, half of all taxes which then likely get distributed amongst the bottom 1% of earners and pretty much every person who is not in the highest earning tax bracket.
Its call the U.S. tax code..Completely legal thanks to Congress...Both parties passed it and know what it is..Now they act surprised and both blame the other party..
@@FranciscoJV0 If you stop Amazon from spending money in R&D. You will not have Origin and other Amazon branches. There will be fewer jobs and higher unemployment. Then government collapses, then politician promises to fix everything, but doesn't and make himself dictatorship.
@@Kaneda0015 closing the tax loopholes so large corporations like Amazon can't write off the entirety of R&D will not end R&D. The large corporations WANT to spend money on R&D because it creates new product lines for them, new services, new ways to make money. They will spend on R&D regardless of tax breaks or not. Tax breaks may certainly encourage large companies to spend more on R&D but not having a tax break absolutely will not end R&D, not by a long shot. Consider this, every dollar corporations are able to write off, that's a dollar the federal government will seek to procure by other means. If the federal government is not looking at large corporations, they're looking at taxing you and I, at stripping our social security and medicare that we tax payers are FORCED to pay a portion of our paycheck into every single month. The federal government is not operating on a surplus, and has not for what is nearing two decades of continuous annual deficit. The government is not spending any less. So that means if Amazon isn't paying income tax on 10+ billion dollars worth of profit, then Uncle Sam is going to dig into our pocket books to make up the difference. Do you really think the long term trickle down benefits of any additional R&D motivation for companies like Amazon is worth the billions worth of tax burden that we tax payers have to shoulder continuously every year, year over year, in place of Amazon is going to be worth it? You think the American public on a whole will benefit? No, the vast vast vast majority of benefit will remain with Amazon and it will enrich Amazon. There's a damn good reason the wealth gap between the upper highest echelons have grown several fold over the past 75 years and only continues to widen.
The reason Amazon can go Global mostly due to US's government protection, the same way Alibaba with China's government. Even if US raise tax to 50%, most companies won't move away because US's military and US's foreign aids are the reason they can get Global Cheap Resources and Labors. If you take the big countries back up away, see how these companies get cut off, like a big looking meat and every countries out there are hungry wolves ready to chew in.
I am pretty conservative and I believe Taxes should be low but this is just plain wrong. When a massive company the size of Amazon is paying NO INCOME TAX then we have a problem.
@@alex3016 Wealth envy. Amazon finally making money is a great thing. Eventually, the executives and the Corporation will contribute to the tax coffers. Amazon is only doing what is legal according to our tax laws passed by our noble leadership. Is the $hit getting deep yet ?
LOL that clown is not even in the picture anymore. Forget about him. If you want to create socialist society, start with yourself. Donate all your money and wealth. Asking your employee to stop paying you.
@HerooftheNexus 1992 YOU know all these tax dollars that these progressives are going for?DID you ever think that over the past 30 years the Democrats and the Republicans have basically Dismantled the IRS into a skeleton.A free for ALL FOR companies, millionaires, billionaires, if Warren or Sanders gets elected they'll probably sign a presidential order to grow the IRS 10x The size it is now!! that means all you people are going to be audited.. but President Trump did me a favor. the new tax law You can't deduct a nickel until you meet the $25,000 deductible.. basically keeps me honest!! but what abut My employer? more than half of his money is Paid to him in cash.this guy is making a crapload of money he's going to have a crap load of problems going back years.. when the IRS takes inventory? It's going to get ugly.. and kind of funny..
@HerooftheNexus 1992 Conservatives are terrible and isn't a philosophy that helps regular/poor people. The only thing conservatives have is "lower taxes" but even then you also want to lower taxes for the rich. The last thing we need is a conservative. We need a progressive.
and Jeff Bezos pays over 973 million dollars in taxes and not only that. The resources that Amazon would use to pay taxes would hurt poor people because, those resources would be better spent hiring new Amazon employees.
Yeah, they just want bragging rights for the next election saying "I brought X jobs to the state, see how awesome I am? Now re-elect!" They don't care at all about the people, just their re-election and making money / powerful friends.
@@MrSlowestD16 Who's this "they"? Politics is corrupt, but you're inept if you think a corporate board room is any more tame than the cronies they lobby toward. It's silly to just write off government as unnecessary.... that's the day this crony capitalist nation slips in to oligarchic communism. What a day that'll be.
@@akiba-chan1795 Nobody said any of that smart ass. If you weren't full of yourself you could see he said "WASTING MONEY". Nothing about healthcare, hospitals, schools, or roads.
SouthwestMAGA what are you talking about ?? Biggest trading partner of Ireland is Europe or USA where rules for corporate taxes are the same . Loop Even if they don’t pay taxes 90% the world trades with us , this country don’t need more taxes it needs less federal government
All big companies require big countries with NUKE to back them up. Otherwise, they would be like a big PIE and every countries would get in and divide them to piece. The reason Amazon get this big simply because of US's military and US's trade route. The same way Alibaba get so big because of China's government. Companies depend on countries for trade route and protection, simple as that.
@@thelvadam5269 I think it will be a good thing that we automate everything. Because if we don't have money how are we going to by the products we make.
It's that type of thinking that props up the anti American communists and punishes Americans. The poorest are hit the hardest, the smart companies just move to a land that is open for business.
Thel 'Vadam - So what's your proposal, raise taxes on everyone and stand against everything the USA truly stands for, including all our rights, all our freedom, our equality,and freedom under our law?
It clearly does. Your life expectancy is higher than ever and you have access to devices that were unimaginable just two decades ago. At costs exponentially lower than previously as well. Stop buying the government propaganda. The real evil is the Federal Reserve, not corporations. Corporations just have the power to defend themselves against the evil that is central banking and big government.
It's not being hoarded at the top, it's being circulated. The top just knows how to circulate money in a way that will increase their returns. On the way to those returns the money passed through countless hands though. @@thelvadam5269
NEWS FLASH: Customers can only consume because businesses hand them paychecks. Or in other news: Stop buying government propaganda. Businesses and citizens are in the same boat. Government is not. Government is the enemy of the people.
Amazon has created thousands of low skilled jobs that the US has desperately needed for decades. I put it to you that allowing Amazon to grow in such a way and employ more people who can pay tax is better than taxing them more heavily and slowing their growth, thus reducing the number of jobs they can create. Looking at the numbers, its clear this approach works.
Red Falcon Just give me a minute, cause I’m gonna debunk these myths one by one. Firstly, he is not a communist, in fact a strong capitalist, he just wants corporations who have more money then they can ever use, to give to everyone. It’s not just to deadbeats a drug addicts.
Red Falcon He believes that capitalism is a great system, but in the US needs some more balance. Monopolies and corporate interests are secretly controlling our live and hindering our freedoms. Many People like trump claim to want freedom, but just want money from the monopolies. If we want ecenomic and social freedom, we can’t have monopolies running our country, and that’s what UBI and VAT fight for
Red Falcon There are 4 ways that America is going to make the money. First is a Value added tax, I don’t understand exactly how VAT works, so I encourage you to look on his website and go to the page about VAT, the basic idea is to help raise money from corporations and items to give back to the people. Secondly, enforcing the corporate tax, making sure all large companies pay that 20%. Thirdly, current aid programs. These programs will mostly be taken away, as they are very flawed and overly expensive, in exchange for the more expensive and cheaper UBI. Finally, Corporate tax, taxing all wealth over 50 million 2% per year, and 1 billion 3% per year.
"Every day Americans" wanted jobs and economic growth in their city and country. Then a fringe group of radicals said "No, GTFO of there Amazon". Now those jobs will go somewhere else... You get what you ask for.
Roshan it is much more than that. In most cases, Amazon is the only viable option nowadays. I remember when Walmart came on the scene back in the day and they forced many stores and businesses out of town - or worse, to close down completely because of their super low prices. That allowed Walmart to grow and expand to the point that in most cities, you can’t even go a couple miles without seeing a Walmart. I was visiting the Fort Walton Beach are a few weeks ago and I passed three Walmarts in less than 20 minutes. I HATE going to Walmart. Their prices are generally lower than Publix, but their service is typically trash because they’re understaffed. Unfortunately, Walmart is the only viable option for me at times because of the distance I’d have to travel to shop at Publix, Trader Joe’s, and etc.
@@atlien1988 they're a sam's club next to a neighborhood walmart with a regular walmart close by and a super walmart in medium range and a walmart warehouse far where I live. I miss the grass fields where I live
ANY and all tax is passed onto the consumer! You pay for it in the item! I don't see how you're having a hard time with this.... No corporation pays any tax. The consumer pays it all.
Are you really trying to dumb this down to: "Corporations get their money from the people, so corporate tax is people tax"? If so, it seems pretty short-sighted to me. If it were that simple, then the prices that corporations charge their customers would go down if the taxes went down, right? Well, a year and a half into one of the biggest corporate tax cuts in history, have you found that to be true? I certainly haven't. Apple saved jillions and bazillions on the tax cut in 2018, yet released their most expensive line of phones ever, resulting in their highest average price per phone number ever. Regardless of taxation, a corporation will try to make as much profit as it can. They'll only put the proceeds of a tax cut towards training, hiring, expanding, etc if they think it will result in enough added future profits to justify it. There's no specific mandated post-tax income number that a company is require to hit. Apple's net income last fiscal year was $60B, they have virtually limitless access to cash and cheap debt. If corporate taxes were 50% starting tomorrow, do you actually think they'd simply jack prices enough to have an identical sales year yield $120B pre-tax, to hit the same net income number? No, they'll continue to make whatever decisions lead to the best combination of current profits and future growth. I mean, this is theoretical and specific to Apple because of the cushion they've had, but had the tax actually been 50% the last decade, they probably wouldn't have done [or needed to do] anything different. They'd be sitting in the same place, with reduced reserves (And I'd argue those taxes would've led to a more prosperous and educated Us populous/customer base with more disposable income for iPads and iPhones).
@Grande1124 Go read about about all the companies, politicians, celebs, etc. that put their money in said tax havens, and why it's a problem for America's economy then. You can compartmentalize the subject and argue about what you want. I don't mind doing my part and paying taxes but don't sit up and act like the lobbyists and politicians aren't constantly changing and altering laws in order for these loopholes to exist in the first place.
Prime was always a scam to get uou to subscribe so they could lock you in at a higjer rate. Same with Amazons general strategy of underbidding prices to drive out competitors only to jack up the price once their competitors out of business.
Amazon is investing heavily in its shipping infrastructure. You may be paying a few extra dollars a year now for 2-day shipping. but in the future, you may be paying the same amount for 2-hour drone delivery. Its an INVESTMENT, you put in money today so you can get something better in the future
I love how the whole idea of lowering taxes for corporations stems from "wanting them to have more resources, build themselves faster, develop faster" by having more money. Kinda crazy when you think that those companies that end up paying the least because of further tax breaks for development or whatever, need the money the least as well. I mean come on let's be real, could Amazon pay their higher-ups 10k less a year (considering they make millions already) and pay all their taxes without it "hurting the development of the company" whatsoever. It's just such bs and it's like the formalities of today prevent us from using any common sense. I'm not even American, but maybe thank fk for not being because it seems like there people are the blindest to corporate greed. Feels almost encouraged.
Corporations pay an insane amount in federal taxes. Why don’t you blame the majority for not learning to be self sustainable, then we wouldn’t be demanding so much from these corporations who provide us with damn near everything we come to interact with. You noted you weren’t American so perhaps you know more about self sustainability than Americans do. Anyone is more than capable of becoming a billionaire especially in America.
@@lilianazagal9148 We actually watched this clip so we know corporations like Amazon don't pay federal taxes. And if the big corporations like Amazon and Walmart were not killing small businesses, maybe Americans could be self sustainable.
I am aware Amazon didn’t but I was referring to many other corporations that do pay there taxes. You can look into this and find reliable articles with corporations that have paid their fair share . That last statement you made didn’t make much sense, companies thrive on their target market which in this case Walmarts target market are lower income families who heavily rely on purchasing their products from their local grocery store.
In less than two hours (in my timezone, as I am typing this), this video will be 2 years old. Geez, 2019 doesn't feel that long ago at all, and yet it's so far away already.
mihir shah That is not the way the taxes works. The iniquity in this system only going in favor of the company owners. Who has less income pay more taxes...not fair
Thus you have a decline in education funding, infrastructure, middle-class jobs, wages, medical benefits, etc. They want off the bus but they still want to be able to tell it where to go.
Decline in education funding? Not true. Infrastructure? Amazon allows for pretty much any company to compute on the cloud, so they actually uphold our online infrastructure. Wages and medical benefits? Have you seen how many jobs they have created?
It's still work though, he put his company millions of dollars in dead seeing so far into the future of a possibility that most people didn't even imagine
I'm OK with Amazon not paying taxes. It's the Amazon customers faults. The people that think Amazon not paying fair taxes should not be buying from the Amazon website. The consumer holds the power. But it's up to them to make the right choice. Amazon didn't get so big on it's own. It took lots of consumers.
No, it's literally the governments fault. I'm glad Amazon provides a great service, and I reward them with my money. But it's fair to say that they should be paying their fair share and treat their employees decently. It's extremely inconvenient for every consumer to have to research every company they have to buy from, it should be left to the government to put a blanket tax so I don't have to worry about it. Government involvement works.
School self: "I want food, shelter, playstation, car and Jordans for free." No wonder the younger we are the more receptive we are to socialist ideas. When you actually start putting in hard work to make money you realize its value.
@ its a Value added tax on luxury goods and services aka a consumption tax so most wealthy companies and lavish spenders would be paying more in taxes then someone who saves their money for say a home or a trip or whatever that may be. This will mean that the income tax wont be needed. Andrew yang want to remove income tax on individuals because it makes no sense that someone working more would need to pay more in taxes. We want people to work at the highest of their ability but income tax makes people think twice before say getting another job because it bumps them to the higher tax bracket.
@@michaeldeleon7492 He has already won, by changing the conversation more than any other candidate, and will go on to win even more. www.canandrewyangwin.com
You’ve probably used Amazon and gained benefits from their service. Government will invest that money somewhere where it doesn’t grow... and that money will vanish. No return on your effort.
@Cameron MooreNah, if we follow your narrative it would feel like there are less than 100k people working because a lot of them have been replaced by robots, but that's not the case so your statement demands skepticism.
@Cameron MooreIt's almost like you forgot their business model when you compare it to a fast food chain. On the bigger picture, Amazon serves as a platform for small to big time entrepreneurs to sell their products online which makes it a great partner for business. They should be taxed accordingly, yes, but let's not undervalue their contribution to the economy as an online distributor. Businesses still profit out of their Amazon distributed products. They eat small businesses yes, but their role as a giant platform for business is what make them an important factor to the economy.
They didn’t make a profit, they reinvested, they hired smart people to protect their money. Don’t hate them for taking advantage of the system they work within, change the system.
You work for these businesses, you get money, you spend money to consume their products, they grow successful, you get MORE MONEY, they grow MORE SUCCESSFUL, AND YOU GET MORE MONEY.
It's a company's priority to make sure it is taking full advantage of all opportunities to increase its value and wealth. It's the government's priority to create a tax system that is fair and effective. Jeff is just doing what Jeff should be doing as a CEO. The problem is the government isn't doing its job right and blames the businesses for being clever.
Dog dog if not amazon there’d be another company. The problem is that people don’t vote for the right representatives. They can’t represent you, if you don’t vote 🗳
@Kiba Its not the companies or the representatives, grow-up & stop getting fooled by companies & representatives. The whole system is wrong & unnecessary to take part in it. We are already in a wrong system & we can NEVER make it correct or right. The only way to correct it is to completely remove the wrong system but nobody will accept to remove this wrong system because we all feel safe & protected in this same wrong system. So we ourselves are the protectors of the wrong system. And so the wrong system is a direct reflection of our own wrongness which is greater than the wrongness which is already existing in the wrong system, itself. In short, we all will live & die in this wrong system & the wrong system keeps getting carried on & on & on.........So its unnecessary to take part in this wrong system & unnecessary to add more wrong to it.
@Ivobardolf Who is asking you to ask him to know who asked him to make the statement? If nobody, then why ask him, if its you asking him then there's no need to ask this question coz the answer is already provided to you.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
What do you think of the corporate tax rate in America? Should it be higher? Lower?
It should be based on the corporation size.. so that small scale businesses can be survive...
It should be *ZERO*
@@islandbee then people should pay zero.
Yes
The corp. tax rate should be 30% for the highest brackets (millions of dollars a year) and a Value Added Tax should replace sales tax, (tax profit, not sales, the tax should be baked into price). For corporations earning less than $200,000/year in gross revenue should be taxed at a 10% corporate rate.
Lobbying is called bribes in third world countries. Its just a fancy name here.
no, a bribe means there is a quid pro quo.
@@hemanthponnada4763 Amazon pays lobbying mon(bribes) and get tax policies that enable them to pay zero federal taxes. Quid pro quo right there
campaing donations are just legalized bribery
Emran Hossain I just uploaded a comedy video 😳😳 with
DOLLS 🤣
People are bullying me for it 😭😭👌
@@ideeyes4054 Only donations by rich fat cats. Grassroot donations are the complete opposite.
But the IRS comes after me for an extra hundred bucks I can't prove I paid for a school textbook.
You need more lobbyists in D.C.
Amazon actually has records for all their expenditures that are eligible for credits and exemptions. That would seem to be the key difference. What precisely should the IRS be going after Amazon for? Paying all the taxes they are legally obligated to?
The tax should be on US sales so we don’t care about tax write offs because they are taxed on sales US. If. Companies move it does not matter because when they sell in the us they will be taxed and we know US is the biggest market so they can’t ignore US
Do not claim things you can not prove, simple.
Lmaol I have been there for sure...this comment hit home runs
They "invest" in politicians. That's the short answer.
Did these employees pay any income taxes? Amazon (AMZN) revealed Thursday that it had 541,900 employees in the third quarter, up from a little more than 300,000 in the same period a year earlier.
Put another way: Amazon has added nearly a quarter million employees to its headcount in a single year.
MR IT409 It’s 11.9 billion dollars in profits, and they got a 129 million dollar rebate. Those jobs were probably going to be created anyway, Amazon has been consistently growing for over a decade. Most of those jobs pay 15 an hour which is better than most but not good enough for not paying income tax. Perhaps if they employed 750k and payed 20 an hour to start, you could make a better case
Which is why we need Democracy Dollars.
@@mrit4099 But did Amazon pay taxes due ? Is the question.
@@regu5987 YES
Lex luthor is so evil even joker pay his taxes.
😂🤣😂🤣😂🤣
I mean not really Amazon is a business not a person, only people pay taxes and Jeff Bezos 973 million dollars in taxes and not only that. The resources that Amazon would use to pay taxes would hurt poor people because, those resources would be better spent hiring new Amazon employees.
I did not bribe my teacher. I lobbyed him.
Not defending the rich/govt but it’s not Bribery...it ain’t illegal so it’s Lobbying.
@@youreokayboah2128 its legal bribery buddy
themis pavlitsas
That’s literally what I just said, except it isn’t illegal, so it’s called Lobbying. Jesus you people
How much does that cost? Only $5 in the Philipines!
That's a form of seduction!
$ $$$ A trillion dollar company pay $0 in tax no wonder America is broke. I used to have a small business and paid over $30,000 in tax per year. Not fair at all.
Cindy Li looooooooooooool do you think America is broke search about Egypt bruh
@@shicko7870 22 trillion dollars in debt yeah that's broke
@@theshield1613 A dollar bill is debt. Our currency is literally debt. To pay off the debt is to remove all federal reserve notes from circulation and drop everyone's bank account balances to zero.
Trillion dollars pay your taxes...
@Khunta Khan isn't that besides the point? They paid NOTHING in 2018. Just because your carrying out the american dream just like Cindy Li doesn't mean they have a no tax pass. You are literally supporting a monopoly and being a corporate sheep.
Lobbying is the real destructive tools for most issues.
Call it what it is, legalized corruption.
Bezos is a Democrat. It’s ok
Yeah. Look at what happened with the tobacco giants. Leads to crony capitalism.
YES!
Lobbying is nuetral dude, people do good and bad with it
Wow, Amazon avoiding $0 federal income tax in 2018 is a masterclass in financial strategy. Meanwhile, I'm sitting on $212k in an emergency fund, itching to dive into investments. Who knew avoiding taxes could be so inspiring? Need a headstart-any tips, folks?
I get it-navigating taxes and investments can be tricky. I was in the same boat until I found a fantastic investment advisor. They really helped me get on track with my finances. If you're looking for guidance, a good advisor might be worth considering!
I’m in the same boat, trying to find a reliable investment advisor but not sure where to start. Any recommendations would be super helpful.
There are plenty of CFAs out there. I've worked with several, but ‘Linda Aretha Reeves’ has been my go-to for years. Her performance has been consistently top-notch, and she’s highly respected in the field. Worth checking out!
I remember watching Linda Aretha Reeves at the Bloomberg Finance Summit a few years back-her presentation was incredibly insightful and memorable!
Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Linda after inputting her full name on the web, she seems highly professional with over a decades of experience.
Poor people : That’s not fair
*Gets rich*
ex poor person : it’s fine
I wouldn’t think it’s fine if I’m rich and those that are struggling are paying a higher tax than I am.
AmanA M trust you would if you’re rich.
10% of the richest American pay 70% of the federal income tax.
So it's not fair, but not in the same sense
@@maten146 how is it not fair?
@@maten146 I'm confused, wouldn't the rich by default be paying most of an income tax? They'd be bringing in the most income in the first place
Her: so how much do you make?
Me: let's just say I pay more taxes than a large company like Amazon
Edit: wow I didn't expect there to be so many uptight people who can't take a joke. Murphy's law: the best way to get the right answer is by saying the wrong thing and someone will eventually correct you
Amazon pays billions in state taxes, not to mention unemployment and other taxes. Sure federal was 0 but it's a lie to say they don't pay taxes.
JP they pay billions in state taxes. Just not a lot in federal
@@swampdonkey7552 Absolutely and don't forget that the 50% of American people don't pay either Federal Taxes thus they pay the same amount of taxes than Amazon that is to say 0.
Furthermore 70% of all Federal income taxes are paid by the top 10% of earners which make this taxe a very progressive one.
If she asks how much money you make, she's not a keeper.
JP I just uploaded a comedy video 😳😳 with
DOLLS 🤣
People are bullying me for it 😭😭👌
Welcome to the United States of corporations.
United Corporations of America and their Corporate Congress
Yeah, and that iPhone you're typing this, was made by one. So, no corporation, no commenting on RUclips.
@@abes.4040 Wanting people to be heard more in politics instead of multinational corporations, doesn't mean they hate businesses doing business, its that they should pay their fair share of taxes and that those loopholes they use should be closed
More people need to realize this.
@@abes.4040 Not sure why this means they, the richest corporation in the world, should pay no taxes while the rest of us do
Worker: Flipping Burgers for minimum wage
*Government* : You need to pay taxes
Amazon: Makes 232.9 billion in revenue.
*Government* : *Your good no need to pay anything*
Son don't be dumb, read a book sometimes. There's a difference between a job and a business
In many countries even in Europe (the nordic ones) made this before USA, in Sweden the people pay to much taxes, but an enterprise in sweden pays 19% tax rate, thats because the companies are always an income to the state even don't pay corporation taxes, they sell products their products have sell-taxes, they pay wages to their workers, the workers of their wages have to pay taxes, and the company pays indirectly taxes for buy another things. If the owner or Shareholders want to draw out the money, have to pay personal taxes that are higuer than corporation taxes, if they reinvest the money the enterprise doesn't pay taxes, but creates jobs and expenses and indirectly they are government incomes.
Oh come on that’s ridiculous. When you’re a worker you have different government duties as opposed to a business owner
@@Handlegamer12360 That leather taste good?
you guys are so dumb. The reason Amazon doesn’t have to be pay in income tax is because Amazon was at a lost for many years. So, the US government isn’t going to tax them until they make profit again.
Its a scam for the poor. A blessing for the rich.
No. its scammed from the poor to keep them poor.
No this is simply a scam and or just theft no other name for it.
then get rich! Jeff Bezos started with nothing!
peter allison great add on very true
GGG GGG ...he had investors and was a Princeton University EE graduate fytb nothing
Yet small business (the back bone of the economy according to politicians) can't use 90% of those breaks and credits that multi-billion dollar multi-national companies take advantage of
Sneh Patel did you not even watch the video?
Sneh Patel Of course they can't! Those small business don't give the politicians hundreds of thousands of dollars.
Amazon is destroying small businesses amazon can’t give us all a job and if it did you think it would pay us well? You think it’s bad with the present big retailers and fast food industry wait for amazon take over which is basically Walmart 2.0 and it’s becoming such a big deal they are trying to implement a basic income to every citizen because having a job will be almost impossible unless you’re a scum bag or allow yourself to be treated like one. It already is like that in a way. However those with connection and in good rich circles will always benefit and defend the system.
raffpants618 small businesses is the backbone of the economy
Then create a bigger business and provide a bigger solution to problems. Stop making excuses.
When Amazon pays their employees with stock all their doing is shifting the tax burden to the employees.
Lol what?
@@PAS2010D Amazon gives employees their paychecks in the form of stocks maybe not all of them but some of them is enough. When the employee sells it they are paying capital gain or loss, their check might not even be worth what they worked for.
@@Gabriel.4190 that's why you hold that stock until it's time to retire. A cart pusher in my town worked his whole life at walmart. Never moving up in the ranks on the lowest salary. When he retired, he sold his walmart stock. Which had risen tremendously in value over the years. He is an uneducated, low wage worker who retired a millionaire. By no means am I claiming his story to be common place. Getting in on the ground floor doesn't happen for everyone but when you save what you have and don't wash it out everytime you're given shares then you can have a handsome nest egg. Not like amazon is going under anytime soon and if it does start floundering sell out.
Your comment makes no sense whatsoever. The OTE that incorporates stock options is great because as the company revenue grows, so does the employees OTE year over year. Employees have the ability to cash out whenever they want and pay tax.
@@vinny1010 what if Amazon is bubble? Does it make perfect sense now?
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bullrun, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?
I noticed, a lot of folks are making huge 6figure killings in this downtrend, only just that such technques are mostly successfully executed by folks with indepth mrkt knowledge.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technque to navigate better in these times, so I hired a portfoilo advlsor.
@@Walter_hill_ Impressive can you share more info?
@@Oly_laura Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.
They lowered corporate tax from 35% to 21% and increased federal employees tax, now families make less due to federal tax increases and corporate make more due to corporate tax decrease.
Big Money in politics is what got americans screwed.
Thomas Borisov fax
Y'all voted.
RedNitro Hacks he makes most of his decisions due to his business because he knows no ones gonna votes for him after 4 years so he’s doing what he can do benefit his company that’s why he lowered interest and tax etc
At least you have a job because of these corps only.
USA the only country where one headline is "Amazon not paying taxes in 11B profit in 2018" and the next headline is "Homelessness growth hits double digit in 2018"
JC4 this is incredibly naive
JCP ignorant*
Let's add more homeless and open the border too. It should be fun in the "West Side".
did you know being poor is a CHOICE ?
@@diegofung95 For the next generation yes.
STOP CALLING IT LOBBYING!!! It is B R I B E R Y!!
Let's leave it in "legal bribery"
@@Ilegator yes, great way to put it
Not bribing when you bribe the government itself
@@sjakierulez What? Please explain.
Serie26 bribery really only applies to individual government officials, that take money to go against laws/the government illegally. If the entire government is structured to accept bribes then it’s not really bribery nor is it illegal, which is why it’s called lobbying. The term bribery implies illegality or deceit, which is not the case here.
Amazon: Pays no taxes
Me: I pay taxes on my every single Amazon purchase.
Do you know what federal income tax and sales tax are? what you pay are state sales taxes that amazon pays.
@@RacketTattoo yes. Money that does NOT come out of Amazon's pocket. It comes out of ours.
@@CameronBrownCB if prices rose, we could buy products from competetors.
Everyone has to pay those taxes if Amazon wanted to buy a couple delivery vehicles they would be taxed on the amount of vehicles they bought.
@@isaidno.5650 YES YOU MORON. EVERYCOMPANY DOES THAT.
and they take 50% of my income....
50%? wtf country u live in
@@darukan yep that happens, baby. But I was in Dubai for 10 years and when I got a couple of remote jobs that paid $80k-$120k a year, I paid no tax. The point is where you live and where you work are so important.
@@GlitchClaw I know, I'm just wondering where the hell this guy is that he pays 50% in taxes
You're dumb, Bezos is smart.
Smart people don't pay taxes/get robbed.
@@darukan Canada you can get taxed 50%; depending on your income level.
Amazon is trying to modernize and automate their business. So the cut they were givin, which is supposed to trickle down to the employees, is instead being invested in technology that will replace them.
And that is the real crux of the issue. I work at Amazon right now and they recently build an automated warehouse near me and the place I work at has had their employment heavily dip and the number of products going through the building doing the same. A building that only a while ago was one of the biggest in the area is now a shadow of it's former self.
This means those cuts definitely wont return back to the people. And with Amazon going fully automated other warehouses will shortly follow suit and possibly buy or rent Amazon machines similar to how many data centers are owned by Amazon. Many don't even know that games like even Fortnite run on Amazon data centers.
Go learn how to repair the automated machines when they break??
Jack Smith they could train some of their employees to be technicians but it would be a small fraction of their workers. No company has ever automated their business and then kept all the employees on salary just in case a piece of equipment breaks.
@@patdeen6648 That's just the natural workings of capitalism. In order to keep up profits they must continually cut labor costs. However the world is finite in size and the workers can not buy back all that we produce which leads to continual economic crisis. Capitalism is the first system to suffer from crisis of over and not under production. The capitalist close plants if the can't make a profit or can make bigger profits elsewhere.
@sploofmonkey That's always been the case with the factory system. Just watch Charlie Chaplin's "Modern Times" which was made in 1936. Alienation comes from the bargain workers make with the capitalists. You go to work do what you are told and in return your allowed to leave go home, sleep and return the next day and do the same thing all over again. Your wage is only meant to keep you alive so you can come back and work the next day. So when you leave your employers property your always left with a sense of having left something behind.
I made 70,000 last year and paid over 9k in federal taxes not even including state taxes and social security but they can make billions and pay no taxes?
The bigger the corporation the smaller the tax bill. They just have too much power.
Evil World We Live In..
How many jobs did you create? Oh yeah...
Erick How would a company be successful without employees?
@@AfjeerOf not paying taxes is an incentive for the employer to innovate and reinvest their earnings. Everyone and everything responds to incentives. Go and ask an economist and a psychologist and they'll both tell you the same. Amazon has not paid taxes per say but their corporate officers have. Their employees have. The people they indirectly affect when doing business have. It's a cycle that has to be started somewhere in order for it to create a domino effect. It's the reason why multiple cities across the nation are begging Amazon to stablish it's second headquarters there and why they provide incentive to many different companies. It just happens that were obsessed with Amazon and everyone keeps talking about that one company while countless different companies in different cities are getting 10+ tax free years for setting up business there. Just like at how Phoenix, Arizona has been growing as a business center. Because of TAX INCENTIVES.
i've started studying nursing this year and i've spoken to a bunch of nurses, with all kinds of qualifications, about the type of salary they get and if it feels fair compared to the gruelling and emotionally straining hours they work. They all said that the tax cuts are just brutal, and you're barely left with nothing after paying insurance and other living costs, but they are passionate about their job and that's just how nursing is - long hours, emotional stress and little pay. I feel so angry that these hardworking front-line workers can't feel like they're allowed to complain about tax because it would make them look less passionate and dedicated, while billion dollar corporations can just casually not pay tax
Amazon pays a lot of taxes it pays taxes on its buildings, it pays taxes on its workers, it pays taxes on its fuel, It facilitates collecting sales taxes. On corporate taxes it does not currently pay them because of allowable deductions on expanding and buying new buildings. But the tax code was designed to encourage companies to rapidly expand and employ new workers.
@@davidwalsh6608just like normal citizens who also pay takes on almost everything.
Sounds like they have a great accounting and tax attorney division.
more like lobby bribe division.
The cost of which is probably also tax deductible
Yes but First, It’s the Politicians creat tax loopholes to allow them to do this.
@Southeastern777 A lot of slaves as well..
Y'all know that this loophole is just spending whatever 'profit' they have so that there's no net profit right? Literally any company can do this. Tax is only paid on the profit (revenue-expenses). There is no political party that can remove this 'loophole'.
I’m paying a higher tax % then amazon..
suchasreallife that doesn’t mean anything lmao
You aren't creating any jobs.
why do you compare yourself to a corporation? compare yourself to other people: people who work for Amazon pay as much as you
Human Being that’s the part the Bernie bro’s don’t get.
Amazon sometimes spends all their revenue on expanding their business and thus have zero or even negative earnings. You only pay corporate taxes on earnings. Obviously you must have had positive earnings if you paid taxes. If you are an independent trucker and one year you decide you have to replace your truck with a new one and it costs whole year's income to purchase it, you would have no tax liability that year. That is essentially what Amazon does frequently.
The real question is, will they let Kevin Spacey play Jeff Bezos in the Amazon documentary
Lmfao
@@darellarocho5729
i was just thinking about how they look alike
hehe
@@seif.z Lol
WRONG!
They both love packages big or small.
Funny how people complain about amazons taxes but yet they still buy from them.
Exactly! And I can honestly say I have never bought a damn thing on Amazon or anywhere online and I refuse to, it kills jobs.
People have very little choice because Amazon puts local businesses out of business.
Many people have no other choice.
@@michaelhernandez8772 some people don't have a choice
@@GCUFlexibleDemeanour Walmart: Am i a joke to you?
It seems that Andrew Yang is the only politician speaking about this.
Edgar Quezada you forgot about Bernie, he was talking about it since the last election
@@zz-fu9ys And whose plans would cause anyone important economic wise to high tail out of the US. However Yang's VAT is old news to nearly every country the big businesses would flee to has a VAT and combined with the UBI program they, on a macroeconomic level, cancel each other out.
Raising sales, income and creating a wealth tax is just going to cause the same old problems they always do, all the money makers are just going to be very sneaky at best or go to some place that is nicer for them to do business in.
@LAFOLLETTER Brand loyalty combined with consumerism, makes getting money very easy with nearly no issues. Combined with Amazon's many ambitions and you get the business equivalent of a impenetrable stronghold that can be relied upon to make money.
@LAFOLLETTER I meant for the "morons shop at Amazon" not you in particular.
LAFOLLETTER It also depends where you live, where I live, ebay’s selection sucks and isn’t necessarily cheaper than Amazon
Only in America, The Richest Man in the world doesn't pay any tax while common man goes to jail for not paying tax on time.
That's exactly right the way it is, I haven't seen common men having the same monumental worldwide impact on revolutionizing e-commerce, he should enjoy his millions, billions and trillions for his achievements & not be bothered by people jealous of his success, who don't succeed in life themselves & try to find someone to blame their misery on
@@driver13g27 If you think people are jealous of a guy whose employees pee in a bottle or wear adult diapers because they can't even get a toilet break then you are truly delusional. Nobody says that about Bill Gates or Elon Musk because they are true revolutionaries changing the world for better whereas the guy you are supporting cares about nothing but amassing wealth.
@@driver13g27 IRS mainly persecuted those that don't report what they make. Not doing your taxes wont get you in jail just big fines
Honey, know the difference between tax avoidance vs tax fraud. In case you didn't know, most libraries are free...please educate yourself.
So you agree the government is the problem, right?
The rich don't pay taxes, taxes pay the rich
Esharido wrong the rich at the end of the day pay you . You pay the government, they invest for you
Imagine being this stupid
The rich create jobs also. The taxers, i.e. alexandria ocasio, makes you lose jobs.
Exactly. They let the working class pay taxes for them.
@@GameFuMaster Jeff Bezos and Mark Zuckerberg do not create jobs. They replace jobs. 80% of the workload at Amazon, Google, Facebook and Apple is completely automated. They want to get that number up to 100% if they can.
As an economist, I can tell you Amazon is contributing billions of dollars to our economy and in tax revenue to the government. It is too simplistic to simply look at a corporate tax return and say “their not paying enough” Tax them directly in a significant way, and they will move the corporate headquarters to Dubai in a month.
Save your explanation man.... These fools dont understand 1+1=2 and call maths racist..... All they want is to live a rich life with zero work....
@@amanpandey2154 Trying to insult people online, yet you failed to differentiate live and life. Great work mate.
@@ihadtodancetosurvive1824 Trying.... no I am not trying.... I am insulting.... I appreciate the fault pointed out... Let me correct it for you... secondly, nice typical expected reply... come with logic, not language rules..... and as far as language is concerned... since I have used they I should go for 'rich lives' instead of 'a rich life'
Like they can move, lmfao. Don't know why y'all so scared of companies. If they move the us can easily back another company and get it as big or bigger than amazon.
This is the same logic as "if we raise minimum wage then prices will go up too" like prices aren't rising already.
@@vibez2806 Exactly, if they don’t appreciate democracy then a monarchy like UAE would suit them. Tired of idiots thinking that they would ever see Amazon’s so called contributions help the development and progress of society, it’s only going back into the pockets of the rich. The elite are their own tribe and keep their wealth between themselves. Tax Cooperations.
TRUMP 2020
get that VAT!!! #securethebag #YANGGANG
@SSJaye "Not Left. Not Right. Forward!"
He’s got my vote
@SSJaye You'll see
He has no chance of becoming president.
Jeff Bezos has the best politicians money can buy.
No accountant can get your tax bill all the way to zero. For that kind of magic you need a politician.
Fact
Amazon doesn't pay $0 dollars in taxes lmao that's ridiculous it's just a figure of speech
Corrupt
Sua sponte ranger.
Ranger Really creative accounting, yes
Andrew Yang has the solution for this with his VAT Tax.
Why is amazon paying no taxes a problem
SpaceTime Gaming Nothing illegal about it. But I am against cronyism. I would rather there be some sort of flat tax. I don’t like it when they pass laws with loopholes
@@MrLogicAndReason but their investment and stock based compensation and losses from previous years is the reason they pay 0 in taxes i would rather let them pay 0 and create jobs rather then pay x and create no jobs
SpaceTime Gaming I’m not sure how I feel about the stock based compensation. But regardless , many of these companies are investing in automation/AI which replaces Jobs. I would rather they get a deduction for each job they create and (like Yang) id rather discuss getting rid of the payroll tax to make it less costly to hire people.
We still have to pay extra for VAT and Amazon still don't pay income tax.
From all that money he is making from not paying taxes, he should be paying his employees more 😤
Minimum wage in Amazon $15 per hour
Yeran Gamage Hes the richest man in the world lmao him paying his employees 15$ an hour isn’t that mich
Yeran Gamage I work at a amazon facility the work is nonstop definitely worth more than 15$
People are payed based on their value, if 1 million people can do the same thing I can do, my value isn't very high. On the other hand if I'm the only person out of a million people that possesses a certain skill that the company needs, my value will be sky high and my pay will reflect that. Point I'm making is, make yourself valuable and you'll get rewarded, earn the money, stop asking for handouts.
He does. He payes more than other companys for the same skills and work
Minimum wage workers miscalculate their taxes by 2 cents: irs threatens to sue
Amazon pays zero taxes: rewarded with 129M rebate
It isn't a miscalculation, every article i've read about this is very very careful(to prevent being sued for slander) to explicitly say every single thing amazon is doing here is perfectly legal. Also the IRS rounds to whole dollar amounts, nobody gets threatened by the IRS over 2 cents.
Apparently getting $129 million rebates means they not only paid their taxes, they paid $125 extra dollars over the course of the year. They over-paid by $125 million.
Its totally differant lol. There are legitment ways to avoid taxes
MFulmer456 Amazon has paid $160,000,000,000 in taxes since 2011.
hzuiel just because it’s legal does not make it right I remember a president saying a immoral unjust law was ment to be broken
Blows my mind that people keep voting for politicians who give tax breaks to their rich friends while shaking the rest of us by our ankles. Talk about voting against your own best interests
Andrew Yang sent me here. #yanggang2020
Zak Jackson had to like that hashtag hahahaha
But hang on! Donald Trump isn't a politician!
So was built the USA. It is in its core. People who rent real estate to others and own business almost don't pay any taxes. Because they are doing the most important job in the country - providing roofs and jobs. Employees are exchangeable any day, any hour, any second of any century. Entrepreneurs are not.
foxnews
i wonder where they got this video idea? probably Andrew Yang - has been talking about this for a long time.
if you want to hold Amazon accountable - vote Yang 2020!!!
get that VAT!!! #securethebag #YANGGANG
@@ntc_108 Maybe. How does this really end up increasing the taxes Amazon pays? It seems like from this video that they didn't so much as hide their income, but simply reinvest their profits in ways that allowed them to then write that off their taxes.
@@charlesearp6133 The Vat isn't meant to increase Amazon taxes. Yang has a separate goal to restructure tax policies that will not allow as much tax credit
I’m no so much upset at Mr. Bezos for winning the game... I’m more upset with our government, particularly the legislative branch, and how this game has been established on the backs of taxpayers...
Taxation is theft. Always payed by the middle income families.
Why not change the legislative branch of government be a regulator or inspector to stop this
Wait, did those New Yorkers blame Amazon for not paying tax legally instead of blaming their own law makers?
I would gladly agree that Amazon is out to make money. Would you claim they are doing so unlawfully? Would protesting against a company have a better chance at changing towards a positive outcome than changing your own lawmakers to those who are more in line with what you agree with? If you have people in power who are easily influenced by power and money, then the fault lies with those who put the people into power, not the corporations who are looking out for themselves. You are making it sound like there is something wrong with wanting to make money. I don't know, you just sounded like someone who are angry that they voted for the wrong people.
@@LouwNieuwoudt Lets compare what you are saying to other examples. Is it illegal to make a "mistake" that kills people? Generally, yes. GM admitted in federal court to killing 13 people with faulty ignitions, no one was prosecuted. Banks doing both consumer lending AND investments was illegal, they lobbied to change that, then immediately caused the housing crisis. Was it illegal for VW to purposefully build systems to defeat environmental testing? How many executives were prosecuted? Finally, HSBC was caught knowingly laundering money for Hezbollah, Al Qaeda, and the Sinaloa Cartel and not a single person was prosecuted...they just paid a fine.
So I counter your argument of "Would you claim they are doing so unlawfully?" with "Does it matter?", because US history is FULL of cases of corporations breaking the law, sometimes doing some downright horrendous things, and the leaders of said companies literally never get prosecuted.
@@jameswood5832 It matters what is legal and what is illegal, and that is a point which I'm trying to make. I'm not saying you should like massive corporations getting away with "X", I'm saying make it illegal to do so. "The people" are now protesting something they do not agree with, whereas that should not have to be necessary in the first place. While it's great that these 'infomentries' shed light on these issues, picketing against each and every corporation that takes advantage of the system is illogical. Make it illegal so they stop doing so in the first place.
@@LouwNieuwoudt that was their first line of attack. However, you must know by now that New York is a liberal state. It's sent to Washington lawmakers who can't wait to change the law.
@@LouwNieuwoudt ". Make it illegal so they stop doing so in the first place."
Like how things being illegal stopped all of the examples I listed? The problem is, the system itself is broken. Changing a few specific rules inside of a system cannot fix a fundamentally broken system.
To add to that, The jobs they create don't pay enough to even make rent.
is that amazons fault, though, or should there be a higher minimum wage?
@@BrentBMX It's a systemic problem. Corporate Greed has been put before the employee. A lot of these super super successful corporations record billions in profits and the low income worker can't afford rent. This lower class is growing exponentially every year. Soon enough something will balance out when people stop buying b cause the cost of living is just too high.
I agree with you
Amazon actually pays pretty well.
Compared to other companies, Amazon pays pretty good
Now , Let's talk about CNBC Tax Return's ...
CNBC left the chat :
are you making some indictment based on some investigation whit evidence and proof, or are you youst beliving some bulshit you heard on fox or www.theconspirationist.lol ?
@@michelesoldati6030 Surprisingly, they actually pay a lot of taxes. Over $3 billion. www.forbes.com/pictures/mef45kghl/13-comcast/#669998a35eff
@@yaj1v only because they had to make this video 😉😉
@jocaguz18 it's a pretty terrible joke then
I’m learning how to do that. I bought the entire Rich Dad Poor Dad book series. There is a way to work around the tax code... you just need a business (any)
You also need an income that's not coming from a W2, so there's that.
So I paid more federal tax than amazon, that doesn’t sound right...
It does, amazon created more than 100.000 jobs by it self, and more than 4 million jobs because of it, while you created 0.
@@NikolaHD So basically large corporations shouldn't pay taxes at all because they provide jobs.. Yeah that makes no sense considering they NEED the employees to function at all.
do you also employ 600k people?
Yup
Yes, Amazon who employed thousands of peoples paid 0 Federal tax then somone whos a couch potato watching netflix. Are you suprised?
I hope yang makes them pay.
How are regular folk paying so much, yet the ones that make the most pay little to nothing. It’s sickening.
Welcome to the land of the "free".
Yang is a moron. Amazon is responsible for billions in tax revenue.
Correct me if I am wrong, and I often am, but the last time I checked, the top 1% of earners pay close to, if not more than, half of all taxes which then likely get distributed amongst the bottom 1% of earners and pretty much every person who is not in the highest earning tax bracket.
@white kid that's what they said in 2016 for Trump lol
Its call the U.S. tax code..Completely legal thanks to Congress...Both parties passed it and know what it is..Now they act surprised and both blame the other party..
He payed with Hair.
"Bald people sacrifice hair for power." -EroldStory
Doll-hairs
@Erinne Cat that was bad...
@LagiNaLangAko23 😂😂😂😂😂😂😂😂😂
After COVID-19 , they’ll claim the government owe them tax credit. Lol
It's OK we get free 2-day shipping
Free 2 day shipping is not free..
HA!!
I get free same day shipping
You're paying for it in prime subscription
@@ducrogers302 you will pay more without prime?
Maybe people should look into Andrew Yang and after watching this video be able to believe the things he is proposing. YANGGANG
Yang gang!
YangGang.
Yang gang
Yang gang
Aye YANGGANG
The result would be the same regardless of trumps tax. Amazon would just dump even more money into R&D and take advantage of all possible loopholes.
@@jorgearellano9204 The thing aint about rising taxes alone but closing the loopholes.
@@FranciscoJV0 If you stop Amazon from spending money in R&D. You will not have Origin and other Amazon branches. There will be fewer jobs and higher unemployment. Then government collapses, then politician promises to fix everything, but doesn't and make himself dictatorship.
@Chaim Limlessway what a stupid argument. maybe lets stop putting people in jail too, because you will never catch all of the criminals?
@@Kaneda0015 closing the tax loopholes so large corporations like Amazon can't write off the entirety of R&D will not end R&D. The large corporations WANT to spend money on R&D because it creates new product lines for them, new services, new ways to make money. They will spend on R&D regardless of tax breaks or not. Tax breaks may certainly encourage large companies to spend more on R&D but not having a tax break absolutely will not end R&D, not by a long shot.
Consider this, every dollar corporations are able to write off, that's a dollar the federal government will seek to procure by other means. If the federal government is not looking at large corporations, they're looking at taxing you and I, at stripping our social security and medicare that we tax payers are FORCED to pay a portion of our paycheck into every single month. The federal government is not operating on a surplus, and has not for what is nearing two decades of continuous annual deficit. The government is not spending any less. So that means if Amazon isn't paying income tax on 10+ billion dollars worth of profit, then Uncle Sam is going to dig into our pocket books to make up the difference.
Do you really think the long term trickle down benefits of any additional R&D motivation for companies like Amazon is worth the billions worth of tax burden that we tax payers have to shoulder continuously every year, year over year, in place of Amazon is going to be worth it? You think the American public on a whole will benefit? No, the vast vast vast majority of benefit will remain with Amazon and it will enrich Amazon. There's a damn good reason the wealth gap between the upper highest echelons have grown several fold over the past 75 years and only continues to widen.
The reason Amazon can go Global mostly due to US's government protection, the same way Alibaba with China's government. Even if US raise tax to 50%, most companies won't move away because US's military and US's foreign aids are the reason they can get Global Cheap Resources and Labors.
If you take the big countries back up away, see how these companies get cut off, like a big looking meat and every countries out there are hungry wolves ready to chew in.
I am pretty conservative and I believe Taxes should be low but this is just plain wrong. When a massive company the size of Amazon is paying NO INCOME TAX then we have a problem.
Why don't you start a massive company and the taxes won't pay
I did the math, if you watched this entire video, amazon made $8.45M in this 12 minute video just off prime subscriptions.
Good for them. I get what I want at a good price. The government needs to go on a diet anyways.
why is amazon making money a bad thing?
@@alex3016 Wealth envy. Amazon finally making money is a great thing. Eventually, the executives and the Corporation will contribute to the tax coffers. Amazon is only doing what is legal according to our tax laws passed by our noble leadership. Is the $hit getting deep yet ?
You are not taking into account the costs. This is not gross profit, it's just addition.
Your math is off.
Amazon made $14B from Prime in 2018. That's $323k over 12 minutes if averaged out over the year.
Andrew yang about to put the stop to this
Andrew who? Lol
jollygamerguy give him a try. be open.
Andrew Yang wants to fix this. #yanggang
LOL that clown is not even in the picture anymore. Forget about him. If you want to create socialist society, start with yourself. Donate all your money and wealth. Asking your employee to stop paying you.
Yang gang
@HerooftheNexus 1992 YOU know all these tax dollars that these progressives are going for?DID you ever think that over the past 30 years the Democrats and the Republicans have basically Dismantled the IRS into a skeleton.A free for ALL FOR companies, millionaires, billionaires, if Warren or Sanders gets elected they'll probably sign a presidential order to grow the IRS 10x The size it is now!! that means all you people are going to be audited.. but President Trump did me a favor. the new tax law You can't deduct a nickel until you meet the $25,000 deductible.. basically keeps me honest!! but what abut My employer? more than half of his money is Paid to him in cash.this guy is making a crapload of money he's going to have a crap load of problems going back years.. when the IRS takes inventory? It's going to get ugly.. and kind of funny..
@HerooftheNexus 1992 Conservatives are terrible and isn't a philosophy that helps regular/poor people. The only thing conservatives have is "lower taxes" but even then you also want to lower taxes for the rich. The last thing we need is a conservative. We need a progressive.
Math
US people: We have 28 trillion$ in debt.
Congress: Lets incentivise corporates.🤗🤗
I mean they really should because, corporations don't pay taxes because corporations aren't people only people pay taxes
and Jeff Bezos pays over 973 million dollars in taxes and not only that. The resources that Amazon would use to pay taxes would hurt poor people because, those resources would be better spent hiring new Amazon employees.
And those Amazon employees can work their fair share and use the money that they get from Amazon to pay taxes
You see how that works ?
This phenomenon is global . Even in India here, large corporation don't pay or pay minimal taxes.
The government needs to stop wasting money and then expect the citizens to cover the bill
Yeah, they just want bragging rights for the next election saying "I brought X jobs to the state, see how awesome I am? Now re-elect!" They don't care at all about the people, just their re-election and making money / powerful friends.
@@MrSlowestD16 Who's this "they"? Politics is corrupt, but you're inept if you think a corporate board room is any more tame than the cronies they lobby toward. It's silly to just write off government as unnecessary.... that's the day this crony capitalist nation slips in to oligarchic communism. What a day that'll be.
You mean the corporation of the United States of America?
@@akiba-chan1795 Nobody said any of that smart ass. If you weren't full of yourself you could see he said "WASTING MONEY". Nothing about healthcare, hospitals, schools, or roads.
@@akiba-chan1795 nice grammar
Tax reduction played a minor role. Amazon would hide their money in Ireland instead of US and pay zero.
Exactly, it has nothing to do with the tax rate. They were exploiting the same loopholes when it was at 35%.
SouthwestMAGA what are you talking about ?? Biggest trading partner of Ireland is Europe or USA where rules for corporate taxes are the same . Loop
Even if they don’t pay taxes 90% the world trades with us , this country don’t need more taxes it needs less federal government
Air Crash it’s called a double Irish/Dutch sandwich
All big companies require big countries with NUKE to back them up. Otherwise, they would be like a big PIE and every countries would get in and divide them to piece.
The reason Amazon get this big simply because of US's military and US's trade route. The same way Alibaba get so big because of China's government.
Companies depend on countries for trade route and protection, simple as that.
@@TechExploresNYC Maybe because Ireland isn't a poor Middle Eastern country or Venezuela???
0:26 elon musk: hold my rocket
I love how we still think the trickle down theory works.
@@thelvadam5269 I think it will be a good thing that we automate everything. Because if we don't have money how are we going to by the products we make.
It's that type of thinking that props up the anti American communists and punishes Americans. The poorest are hit the hardest, the smart companies just move to a land that is open for business.
Thel 'Vadam - So what's your proposal, raise taxes on everyone and stand against everything the USA truly stands for, including all our rights, all our freedom, our equality,and freedom under our law?
It clearly does. Your life expectancy is higher than ever and you have access to devices that were unimaginable just two decades ago. At costs exponentially lower than previously as well. Stop buying the government propaganda.
The real evil is the Federal Reserve, not corporations. Corporations just have the power to defend themselves against the evil that is central banking and big government.
It's not being hoarded at the top, it's being circulated. The top just knows how to circulate money in a way that will increase their returns. On the way to those returns the money passed through countless hands though. @@thelvadam5269
*NEWS FLASH:* Individuals pay all the taxes. Taxes are just another cost to businesses that they pass-on to their customers.
No a corporate cannot pass on income tax to its customers
NEWS FLASH: Customers can only consume because businesses hand them paychecks.
Or in other news: Stop buying government propaganda. Businesses and citizens are in the same boat. Government is not. Government is the enemy of the people.
@@nal8503 So how do you explain wages being stagnant for decades and purchasing power reducing for working people?
Amazon has created thousands of low skilled jobs that the US has desperately needed for decades. I put it to you that allowing Amazon to grow in such a way and employ more people who can pay tax is better than taxing them more heavily and slowing their growth, thus reducing the number of jobs they can create. Looking at the numbers, its clear this approach works.
@@RamiAbdelal "thousands of low skilled jobs that the US" soon to be robot jobs. And ask those remain humans what their work conditions are.
So good to see Andrew Yang's name popping up everywhere! #YANGGANG2020
Red Falcon Just give me a minute, cause I’m gonna debunk these myths one by one. Firstly, he is not a communist, in fact a strong capitalist, he just wants corporations who have more money then they can ever use, to give to everyone. It’s not just to deadbeats a drug addicts.
Red Falcon He believes that capitalism is a great system, but in the US needs some more balance. Monopolies and corporate interests are secretly controlling our live and hindering our freedoms. Many People like trump claim to want freedom, but just want money from the monopolies. If we want ecenomic and social freedom, we can’t have monopolies running our country, and that’s what UBI and VAT fight for
Red Falcon There are 4 ways that America is going to make the money. First is a Value added tax, I don’t understand exactly how VAT works, so I encourage you to look on his website and go to the page about VAT, the basic idea is to help raise money from corporations and items to give back to the people. Secondly, enforcing the corporate tax, making sure all large companies pay that 20%. Thirdly, current aid programs. These programs will mostly be taken away, as they are very flawed and overly expensive, in exchange for the more expensive and cheaper UBI. Finally, Corporate tax, taxing all wealth over 50 million 2% per year, and 1 billion 3% per year.
@Red Falcon yes I suppose America has been destroyed by social welfare policies such as Social Security and Medicare eh
Yang Gang
so how much new taxes is NY getting without amazon?
Thumbs up if you came here to read all the Andrew Yang comments
It G Ma , Lol yes.. Here!
Who?
Pixel World a presidential candidate
"Every day americans can have more say in this country than the richest man in the world"
LULULULULULULULULULUL
We vote with our money
We like amazon, we give them money, we vote for them to be the biggest
Putin is the richest man in the world
"Every day Americans" wanted jobs and economic growth in their city and country. Then a fringe group of radicals said "No, GTFO of there Amazon". Now those jobs will go somewhere else...
You get what you ask for.
Roshan it is much more than that. In most cases, Amazon is the only viable option nowadays. I remember when Walmart came on the scene back in the day and they forced many stores and businesses out of town - or worse, to close down completely because of their super low prices. That allowed Walmart to grow and expand to the point that in most cities, you can’t even go a couple miles without seeing a Walmart. I was visiting the Fort Walton Beach are a few weeks ago and I passed three Walmarts in less than 20 minutes. I HATE going to Walmart. Their prices are generally lower than Publix, but their service is typically trash because they’re understaffed. Unfortunately, Walmart is the only viable option for me at times because of the distance I’d have to travel to shop at Publix, Trader Joe’s, and etc.
@@atlien1988 they're a sam's club next to a neighborhood walmart with a regular walmart close by and a super walmart in medium range and a walmart warehouse far where I live. I miss the grass fields where I live
Corporation's do not pay taxes! The consumer pays the taxes! This is every Corp not just Amazon.
5:21
5:33
@@scottisitt you really are stupid. They do not pay taxes! That fee is passed on to the consumer!!! Not rocket science.
ANY and all tax is passed onto the consumer! You pay for it in the item! I don't see how you're having a hard time with this.... No corporation pays any tax. The consumer pays it all.
Are you really trying to dumb this down to: "Corporations get their money from the people, so corporate tax is people tax"? If so, it seems pretty short-sighted to me.
If it were that simple, then the prices that corporations charge their customers would go down if the taxes went down, right? Well, a year and a half into one of the biggest corporate tax cuts in history, have you found that to be true? I certainly haven't. Apple saved jillions and bazillions on the tax cut in 2018, yet released their most expensive line of phones ever, resulting in their highest average price per phone number ever.
Regardless of taxation, a corporation will try to make as much profit as it can. They'll only put the proceeds of a tax cut towards training, hiring, expanding, etc if they think it will result in enough added future profits to justify it. There's no specific mandated post-tax income number that a company is require to hit. Apple's net income last fiscal year was $60B, they have virtually limitless access to cash and cheap debt. If corporate taxes were 50% starting tomorrow, do you actually think they'd simply jack prices enough to have an identical sales year yield $120B pre-tax, to hit the same net income number? No, they'll continue to make whatever decisions lead to the best combination of current profits and future growth.
I mean, this is theoretical and specific to Apple because of the cushion they've had, but had the tax actually been 50% the last decade, they probably wouldn't have done [or needed to do] anything different. They'd be sitting in the same place, with reduced reserves (And I'd argue those taxes would've led to a more prosperous and educated Us populous/customer base with more disposable income for iPads and iPhones).
"Stupidity is a commodity worth paying for." - The Rich
"Someone has more money than i do so i automatically hate them" - Jeff C
So your telling me Middle class people have to pay more tax then rich people? what lol
@@godogs89 it doest matter. Fair is fair. You make more you pay more. The US is 22 trillion in debt.
godogs89 all of bezos money is in the stock market so he dodges taxes on a personal level as well lol
Lol that roblox profile picture. I have that same smol head on my avatar.
Smol head = smol brain 🧠
@Grande1124 never heard of The Paradise Papers have you? Smh.
@Grande1124 Go read about about all the companies, politicians, celebs, etc. that put their money in said tax havens, and why it's a problem for America's economy then. You can compartmentalize the subject and argue about what you want. I don't mind doing my part and paying taxes but don't sit up and act like the lobbyists and politicians aren't constantly changing and altering laws in order for these loopholes to exist in the first place.
If they got tax cuts. Why did my prime subscription go up? Talk about trickling down the savings.
Because the cost of prime is a business decession.
Prime was always a scam to get uou to subscribe so they could lock you in at a higjer rate. Same with Amazons general strategy of underbidding prices to drive out competitors only to jack up the price once their competitors out of business.
@@simetry6477 good thing i have plenty of email addresses to fool them :D
Amazon is investing heavily in its shipping infrastructure. You may be paying a few extra dollars a year now for 2-day shipping. but in the future, you may be paying the same amount for 2-hour drone delivery. Its an INVESTMENT, you put in money today so you can get something better in the future
@@0fficialdregs I don't get it. All they care about is your credit card for prime.
I love how the whole idea of lowering taxes for corporations stems from "wanting them to have more resources, build themselves faster, develop faster" by having more money. Kinda crazy when you think that those companies that end up paying the least because of further tax breaks for development or whatever, need the money the least as well. I mean come on let's be real, could Amazon pay their higher-ups 10k less a year (considering they make millions already) and pay all their taxes without it "hurting the development of the company" whatsoever. It's just such bs and it's like the formalities of today prevent us from using any common sense. I'm not even American, but maybe thank fk for not being because it seems like there people are the blindest to corporate greed. Feels almost encouraged.
Corporations pay an insane amount in federal taxes. Why don’t you blame the majority for not learning to be self sustainable, then we wouldn’t be demanding so much from these corporations who provide us with damn near everything we come to interact with. You noted you weren’t American so perhaps you know more about self sustainability than Americans do. Anyone is more than capable of becoming a billionaire especially in America.
@@lilianazagal9148 We actually watched this clip so we know corporations like Amazon don't pay federal taxes. And if the big corporations like Amazon and Walmart were not killing small businesses, maybe Americans could be self sustainable.
I am aware Amazon didn’t but I was referring to many other corporations that do pay there taxes. You can look into this and find reliable articles with corporations that have paid their fair share . That last statement you made didn’t make much sense, companies thrive on their target market which in this case Walmarts target market are lower income families who heavily rely on purchasing their products from their local grocery store.
In less than two hours (in my timezone, as I am typing this), this video will be 2 years old. Geez, 2019 doesn't feel that long ago at all, and yet it's so far away already.
So, a guy who washes dishes at Denny's pays more tax than Amazon?
mihir shah yea, and all those employees paid taxes...funny
@@msdadsfsx why does my company has to pay tax then?
@@msdadsfsx your mama is not smart enough.
@@msdadsfsx good for you. I unlock secret levels all the time when I play video game but who is counting. Pay your tax ans wash your armpits
mihir shah That is not the way the taxes works. The iniquity in this system only going in favor of the company owners. Who has less income pay more taxes...not fair
Its a new gilded age and you aren't a part of it.
Chris Reay Precisely.
Chris Reay rubbish
Winning bigly.
I get products at my door for a low price within two days.
@@georgenaratadam3803 damn you must be Jeff Bezos
Thus you have a decline in education funding, infrastructure, middle-class jobs, wages, medical benefits, etc. They want off the bus but they still want to be able to tell it where to go.
So they steal from others mainly the middle class.
Decline in education funding? Not true. Infrastructure? Amazon allows for pretty much any company to compute on the cloud, so they actually uphold our online infrastructure. Wages and medical benefits? Have you seen how many jobs they have created?
Radwulf Eboraci I don’t think you understand how education and infrastructure are funded.
A decline in wages? Did you watch the video? I'll direct you to 10:00 .... 25,000 jobs with an average salary of $150,000
I mean citizens suing cities because of cops going on power trips is also part of the problem.
He did it by obsessing over customer experience 😂
It's still work though, he put his company millions of dollars in dead seeing so far into the future of a possibility that most people didn't even imagine
At the time, it took real guts to do what he did
I'm OK with Amazon not paying taxes. It's the Amazon customers faults. The people that think Amazon not paying fair taxes should not be buying from the Amazon website. The consumer holds the power. But it's up to them to make the right choice. Amazon didn't get so big on it's own. It took lots of consumers.
No, it's literally the governments fault. I'm glad Amazon provides a great service, and I reward them with my money. But it's fair to say that they should be paying their fair share and treat their employees decently. It's extremely inconvenient for every consumer to have to research every company they have to buy from, it should be left to the government to put a blanket tax so I don't have to worry about it. Government involvement works.
Great for Amazon. Government is a lousy steward of your money.
Andrew Yang is the only candidate that solves this problem properly
No - on Jimmy dore he was taken to task for not breaking up firms.
College self: Higher taxes and more programs makes society better
Working self: Lower taxes and less programs makes society better
School self: "I want food, shelter, playstation, car and Jordans for free." No wonder the younger we are the more receptive we are to socialist ideas. When you actually start putting in hard work to make money you realize its value.
THIS is why we need Yang in office #YangGang
@ its a Value added tax on luxury goods and services aka a consumption tax so most wealthy companies and lavish spenders would be paying more in taxes then someone who saves their money for say a home or a trip or whatever that may be. This will mean that the income tax wont be needed. Andrew yang want to remove income tax on individuals because it makes no sense that someone working more would need to pay more in taxes. We want people to work at the highest of their ability but income tax makes people think twice before say getting another job because it bumps them to the higher tax bracket.
@@michaeldeleon7492 He has already won, by changing the conversation more than any other candidate, and will go on to win even more.
www.canandrewyangwin.com
#TRUMP2020 #KAG #CANADIANSWANTTRUMP
You’ve probably used Amazon and gained benefits from their service. Government will invest that money somewhere where it doesn’t grow... and that money will vanish. No return on your effort.
@@marcoaslan According to Yang's plan, America will invest the money in it's people, where it grows the most.
VOTE FOR YANG
Amazon is a company I avoid as much as possible.
Me too. Used to work at their labour camp in Dunfermline.
FREEDOM FROM THIS money system REGIME I don’t think Jeff Bezos is Jewish. Is he?
jeff bezos and elon musk watching this from from their bathtub and laughing on the poor people comments .
funny how all of amazons workers still had to pay taxes despite being the backbone of the business
@Cameron Moore There are still 300,000 people working for them as of 2019.
So much for ALL.
@Cameron MooreNah, if we follow your narrative it would feel like there are less than 100k people working because a lot of them have been replaced by robots, but that's not the case so your statement demands skepticism.
@Cameron MooreIt's almost like you forgot their business model when you compare it to a fast food chain. On the bigger picture, Amazon serves as a platform for small to big time entrepreneurs to sell their products online which makes it a great partner for business.
They should be taxed accordingly, yes, but let's not undervalue their contribution to the economy as an online distributor. Businesses still profit out of their Amazon distributed products. They eat small businesses yes, but their role as a giant platform for business is what make them an important factor to the economy.
I'm curious if the Robots pay taxes?
They didn’t make a profit, they reinvested, they hired smart people to protect their money. Don’t hate them for taking advantage of the system they work within, change the system.
The one problem is that lawyers will always find a way.
Flyer but lawyers follow the law, change the laws they follow.
By reinvesting into their company, they are making profit (smart, right?)
Photoshopskillz yep smart, and more employees paying taxes, not to mention sales taxes.
How can you change the system when dumb people elect dumb politicians
The rich take care of their own...with our money.
So damn true. Couldn't have said it better. With our labor and our money.
@@WaterChild1 I bet you don't know that amazon actually paid money and invested way more into the future than people like Bernie
You work for these businesses, you get money, you spend money to consume their products, they grow successful, you get MORE MONEY, they grow MORE SUCCESSFUL, AND YOU GET MORE MONEY.
Dean no you send your money to africa
with your money? where was your money involved here?
You know they wanted him to play as the lead character in the Hitman Codename 47 series? He refused.
THATS WHY WE NEED YANG IN 2020 TO BE PRESIDENT OF US!
@Koraun Huh? What it has to do with my comment?
No, we need Bernie
@@NowIknowCh NO WE NEED YANG! #YANGHANG2020
Bernie is a better canadate
Trump 2020
when did jeremy clarkson become an economist?
I thought Cali was the dumbest state in the Union but New York is right there, unreal.
One merely has to look to the politicians they elect to know that.
no its california trust me
ZahGaming - I can't argue that.
I LAUGHED MY ASS OFF WHEN WIFEY GAVE TWO BILLION OF YOUR GREEN AWAY YOU MUST HAVE HAD A FIT! 🤣😂🤣😎🤠
It's a company's priority to make sure it is taking full advantage of all opportunities to increase its value and wealth. It's the government's priority to create a tax system that is fair and effective. Jeff is just doing what Jeff should be doing as a CEO. The problem is the government isn't doing its job right and blames the businesses for being clever.
Poor credit card choices and 900% Recycling Retail value-
Nintendo says your welcome.
Why?
Watch out Jeff, yang is coming for you
Bernie already got to him. Haven't you heard of the BEZOS act?
@@H4I2I2EE not everyone is working for big corporations. even then amazon will robot away all the low wage worker. what is Bernie's plan for that?
@Cameron Moore lmao
Its all legal but the tax laws are unfair to the middle class that pay a portion of their income every year in taxes.
The H2Q in New York was hilarious. People fighting against that deal just screamed "I'm an idiot"
that's what happens when people get their source of economic informations from Twitter and AOC.
Where's the Yang Gang?
They Endorsing buden
Non-existent since he died in the primary.
Socialist pig
In China eating another bat's to bring another disease
It’s our fault for using amazon
I don't use or support Amazon.
Dog dog if not amazon there’d be another company. The problem is that people don’t vote for the right representatives. They can’t represent you, if you don’t vote 🗳
@Kiba Its not the companies or the representatives, grow-up & stop getting fooled by companies & representatives. The whole system is wrong & unnecessary to take part in it. We are already in a wrong system & we can NEVER make it correct or right. The only way to correct it is to completely remove the wrong system but nobody will accept to remove this wrong system because we all feel safe & protected in this same wrong system. So we ourselves are the protectors of the wrong system. And so the wrong system is a direct reflection of our own wrongness which is greater than the wrongness which is already existing in the wrong system, itself. In short, we all will live & die in this wrong system & the wrong system keeps getting carried on & on & on.........So its unnecessary to take part in this wrong system & unnecessary to add more wrong to it.
@Ivobardolf Who is asking you to ask him to know who asked him to make the statement? If nobody, then why ask him, if its you asking him then there's no need to ask this question coz the answer is already provided to you.