Target, Amazon, Walmart. etc are all setting profit and sales records during this planneddemic. I hope they have to pay a certain tax from benefiting from the monopolized situation. I point to these managers who knowingly stocked 30 packs of TP and 6 packs of kleenex, boosting sales, now all you find is 4packs of tp, and singles of kleenex. We are business owners in Illinois and we have to pay 16K in taxes but have not had a fighting chance.
Other variables must be in play
1) Net operating loss carryovers from years they were losing money
2) Heavy investment in new assets
3) Credits for R & D
4) Earning and reporting income in other countries
There are legitimate reasons for some tax breaks, I'd have to know more specifics
And their employees all pay income taxes, a byproduct of creating jobs
If I agree with Rail, is that racist too?
I'm not sure if anyone listed is black, have to be careful around professional victims dontchaknow
PS: Real Italians are honorable, even the mob. What Rail listed are liberals, big difference
All these stores turned record profit due to hoarding. People are still crazy constantly cleaning their own homes like someone is bringing the Corona virus in and it's sits on a countertop waiting to infect somebody. I think they already shown that getting the virus from a surface is fairly remote. You don't have to clean your home or apartment like it's an ICU ward at the hospital. The bottom line is these huge profits were driven by people fighting over a can of Lysol like it was Cabbage Patch Kid from many Christmases ago.
Hahaha
And as President Trump would say, "it's smart to avoid taxes"
Evasion of course, is another matter
