jspeed -robert bentley -
Oh - and about corporate taxes. They do pay a lot in taxes, but not proportional to how much they benefit. They also find ways to hide as much of their money as possible. Do you remember when the Panama papers came out showing clearly how corporations everywhere avoided paying what they were supposed to in taxes by hiding all of their money?
"They do pay a lot in taxes, but not proportional to how much they benefit."
Generally speaking, businesses provide far more benefit to a city than they receive, even if they pay 0% in taxes.
Amazons HQ2 in New York was going to bring 25,000 - 40,000 jobs at an average salary for $150,000. An economic impact study showed that Amazons move into the state could bring about $27.5 billion to the state (if they hit 40,000 in employment)...
What percentage of their profit *should* they have to pay to the state in taxes in your opinion?
It's interesting seeing how this is framed.
If a person works for a company - the company gets benefit, and the person gets a wage. This isn't the corporation doing anyone a favor - but an exchange. Amazon doesn't pay someone $150k unless they're capable of ensuring Amazon is able to pull in more than that number. Employment isn't a gift, it's something someone agrees to do in exchange for money. Without employees amazon would make precisely zero dollars, and Bezos would not be a billionaire.
Amazon's status is made possible by the hard work of the employees (not just the acumen of Bezos), and their compensation for their work shouldn't be where Amazon's commitment ends. That's because they're not just benefiting from their employees work (which is what they're compensating them for), they're benefiting from the infrastructure, law enforcement, emergency services, and other publicly funded elements.
Elements they *aren't* paying for if they don't pay taxes.
This whole framing of the situation between employer and employee is peculiar (also VERY North American). While you might like your job, do you consider it a "gift" that you're grateful for and that you're not really providing any value to the company, or do you see yourself as someone who *earns* their wages by being a hard worker as a valuable revenue generating member of the company?
As far as what percentage of their profit should they have to pay? It would depend on how much they use and/or benefit from all publicly funded infrastructure/services. If a single family with one vehicle uses the roads X amount, and amazon's delivery trucks use the roads 10,000 times X - they should pay (with respect to that very specific aspect) 10,000 times what that family does for the roads (whatever that value would be). If the person in that single family is employed by Amazon - he's already given Amazon their benefit for the money they brought to his family, by being a valuable employee. Saying that Amazon deserves even more benefit on top of that is pure entitlement.