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by Domenic_S 1252 days ago
net tax rate is meaningless in this context. Besides the fact that they're doing what each one of us do (take deductions following the law), it completely ignores all the other tax they pay - like payroll tax on a massive employee base and so forth.

To imply Amazon (or any corp) are floating by with a total tax load of ~1% is either profoundly disingenuous or profoundly naïve.
1 comments
Retric 1252 days ago
Saying companies pay payroll tax is like saying they pay sales tax when you buy something from them. It’s sort of true and sort of false.
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BeetleB 1252 days ago
It sounds like you don't understand the basics of payroll tax.

The SS tax that gets deducted from your paycheck is only half the amount. Employers are required to pay the other half.

If you're self-employed, you pay both halves, and that is one of the penalties of being treated as self employed.

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gowld 1252 days ago
That's just an accounting/presentation gimmick. Mathematically, it would be the same if the deduction was 0% or 100% shown in paycheck, instead of 50%.
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BeetleB 1252 days ago
So you're saying it's fair to say employers pay payroll tax?
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