Subject: RE: AOC - NYC/Amazon Originally posted by dmiller5
what 19B in taxes? they haven't payed anything in taxes in years
Presumably they would be paying state taxes in NY but honestly don't know where that came from. Nevertheless.....
25,000 employees with an average salary of $150,000 each paying ~$20,000 state income tax = $0.5 billion a year. Then you have all the other jobs that support these 25k people like restaurants, grocery stores, construction workers, etc.
I found this:
For 2018, it reported owing $322 million in taxes to US state governments and another $563 million in the rest of the world. Under a separate accounting category, Amazon reported "cash taxes paid" -- or the amount of funds actually paid in taxes -- of $1.2 billion last year and $957 million in 2017.
At any rate, AOC made it sound like NY was giving Amazon $3B and that was never the case. I told my wife once that I decided not to buy a new truck for $50k and I planned to use this $50k that I "saved" us by not buying the truck on a new boat.
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