DO ALL OF JOE BIDEN'S CRONY BILLIONAIRES FOR OPEN BORDERS AVOID TAXES? - THEN WHO PAYS FOR ALL THAT 'CHEAP' LABOR AND THEIR WELFARE??? - ProPublica Reveals How Soros, Bezos, and Other Famous Billionaires Avoid Paying Taxes

BILLIONAIRES, LIKE COPS AND LAWYERS, ARE A PROTECTED CRIMINAL CLASS BECAUSE THEY WROTE THE LAWS TO PROTECT THEMSELVES FROM THEIR CRMINALITY.

Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill came to zero in 2018. And financier George Soros went three straight years without paying federal income tax, according to a report out Tuesday from the nonprofit investigative journalism organization ProPublica.

BIDEN CRONY JEFF BEZOS OF AMAZON SAYS HE CAN’T AFFORD TO PAY LIVING WAGES! 

HERE’S WHY:

 

https://www.youtube.com/watch?v=lTYfJwTuP4A


Inside Jeff Bezos' $175 Million Mansion

 

This is because despite all its declarations, the Democratic Party is not a party of workers. It, as Biden’s transition team attests, is a party of Wall Street, big banks, Amazon, and the military-industrial complex.

“Amazon is a massive wrecking machine consuming American retail. It's looting the economy and leaving behind rubble.”

                                                                                   DANIEL GREENFIELD 

Traditional book publishers were decimated by the arrival of Amazon, which aggressively pursued them, in the words of Bezos, “the way a cheetah would pursue a sickly gazelle.”

Amazon, the multinational online retail conglomerate, is importing more foreign workers to the United States to take coveted tech industry jobs than Facebook and Google combined. JOHN BINDER

Amazon is entangled not only with Wall Street, but also with the US military and intelligence apparatus. Amazon was awarded a $600 million contract with the CIA in 2013, followed by a $10 billion contract with the Department of Defense last year to move government data onto the cloud. Meanwhile, Amazon’s facial-identification software “Rekognition” is being marketed to federal and local police.

This is because despite all its declarations, the Democratic Party is not a party of workers. It, as Biden’s transition team attests, is a party of Wall Street, big banks, Amazon, and the military-industrial complex.

 

THE BILLIONAIRE CLASS WAGES WAR ON AMERICA!

http://mexicanoccupation.blogspot.com/2018/09/bill-gates-zuckerberg-jeff-bezos.html

"GOP estb. is using the $5 billion border-wall fight to hide up to four blue/white-collar cheap-labor programs in lame-duck DHS budget. Donors are worried that salaries are too damn high, & estb. media does not want to know." 

 

ProPublica Reveals How Soros, Bezos, and Other Famous Billionaires Avoid Paying Taxes

Fabrice Coffrini/AFP/Getty Images

WENDELL HUSEBØ

8 Jun 202138

2:51

George Soros paid no federal income tax three years in a row, according to a report released Tuesday by ProPublica.

Soros is among the famous billionaires—many of whom are leftist advocates of high taxes and big government—who paid less of their wealth to the taxman than many working-class Americans, ProPublica reports.

Those named in the report as paying very low taxes—and in some cases no income taxes at all—include Warren Buffett, Bill Gates, Michael Bloomberg, Carl Icahn, Elon Musk, George Soros, Jeff Bezos, and Mark Zuckerberg.

ProPublica says its reporting is based on “a vast trove of Internal Revenue Service Data” revealing that billionaires, who often finance Democrat campaigns to raise taxes in working Americans, “paid a total of $13.6 billion in federal income taxes in those five years” amounting “to a true tax rate of only 3.4%.”

A household earning the median income in the U.S. would typically face a tax rate of around 14 percent.

ProPublica calculates what it calls the “true tax rate” based on the increase in an individuals wealth rather than just income. That includes unrealized capital gains that occur when real estate or stock holdings rise. In the U.S. and much of the world, such gains are only taxed when an asset is sold, allowing gains to mount for years before they are ever taxed.

For instance, the following individuals have allegedly paid less than a two percent “true tax” rate:

• Warren Buffett 0.1 percent
• Jeff Bezos 0.98 percent
• Michael Bloomberg 1.30 percent

The leaked documents confirm what Breitbart News reported in 2019 that “The wealthiest 400 Americans in 2018 paid a lower tax rate than all of the income groups in the United States,” according to research from University of California, Berkeley.

The analysis also concludes the country’s top economic elite are paying lower federal, state, and local tax rates than the nation’s working and middle class.

ProPublica’s finding were not from such obvious sources as academics, however, in which they note:

ProPublica is not disclosing how it obtained the data, which was given to us in raw form, with no conditions or conclusions. ProPublica reporters spent months processing and analyzing the material to transform it into a usable database.

It should be noted it is against the law to disclose confidential tax information. “Taxpayers have the right to expect that any information they provide to the IRS will not be disclosed unless authorized by the taxpayer or by law,” the IRS’s website states.

ProPublica: Soros, Bezos, Buffett and Many of the Uber Rich Pay Next to No Taxes

The Associated Press

BREITBART NEWS

8 Jun 20211

The rich really are different from you and me: They’re better at dodging the tax man.

Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill came to zero in 2018. And financier George Soros went three straight years without paying federal income tax, according to a report out Tuesday from the nonprofit investigative journalism organization ProPublica.

Overall, the richest 25 Americans pay less in tax — 15.8% of adjusted gross income — than many ordinary workers do, once you include taxes for Social Security and Medicare, ProPublica found.

The champion tax avoider: Warren Buffett.

“No one among the 25 wealthiest avoided as much tax as Buffett, the grandfatherly centibillionaire. That’s perhaps surprising, given his public stance as an advocate of higher taxes for the rich,” ProPubica wrote.

An anonymous source delivered to ProPublica reams of Internal Revenue Service data on the country’s wealthiest people, including Warren Buffett, Bill Gates, Rupert Murdoch, and Mark Zuckerberg.

ProPublica compared the tax data it received with information available from other sources. It reported that “in every instance we were able to check — involving tax filings by more than 50 separate people — the details provided to ProPublica matched the information from other sources.’’

Using perfectly legal tax strategies, many of the uber-rich are able to whittle their federal tax bills down to nothing or close to it. Soros went three straight years without paying federal income tax; billionaire investor Carl Icahn, two, ProPublica finds.

The findings are sure to heighten the national debate over the vast and widening inequality between the very wealthiest Americans and everyone else.

ProPublica reports that the tax bills of the rich are especially low when compared with their soaring wealth — the value of their investment portfolios, real estate, and other assets.

–The Associated Press contributed to this report.

Economists: America’s Elite Pay Lower Tax Rate Than All Other Americans

10

Getty Images

JOHN BINDER

8 Oct 201960

2:46

The wealthiest Americans are paying a lower tax rate than all other Americans, groundbreaking analysis from a pair of economists reveals.

For the first time on record, the wealthiest 400 Americans in 2018 paid a lower tax rate than all of the income groups in the United States, research highlighted by the New York Times from University of California, Berkeley, economists Emmanuel Saez and Gabriel Zucman finds.

The analysis concludes that the country’s top economic elite are paying lower federal, state, and local tax rates than the nation’s working and middle class. Overall, these top 400 wealthy Americans paid just a 23 percent tax rate, which the Times‘ op-ed columnist David Leonhardt notes is a combined tax payment of “less than one-quarter of their total income.”

This 23 percent tax rate for the rich means their rate has been slashed by 47 percentage points since 1950 when their tax rate was 70 percent.

(Screenshot via the New York Times)

The analysis finds that the 23 percent tax rate for the wealthiest Americans is less than every other income group in the U.S. — including those earning working and middle-class incomes, as a Times graphic shows.

Leonhardt writes:

For middle-class and poor families, the picture is different. Federal income taxes have also declined modestly for these families, but they haven’t benefited much if at all from the decline in the corporate tax or estate tax. And they now pay more in payroll taxes (which finance Medicare and Social Security) than in the past. Over all, their taxes have remained fairly flat. [Emphasis added]

The report comes as Americans increasingly see a growing divide between the rich and working class, as the Pew Research Center has found.

Sen. Josh Hawley (R-MO), the leading economic nationalist in the Senate, has warned against the Left-Right coalition’s consensus on open trade, open markets, and open borders, a plan that he has called an economy that works solely for the elite.

“The same consensus says that we need to pursue and embrace economic globalization and economic integration at all costs — open markets, open borders, open trade, open everything no matter whether it’s actually good for American national security or for American workers or for American families or for American principles … this is the elite consensus that has governed our politics for too long and what it has produced is a politics of elite ambition,” Hawley said in an August speech in the Senate.

That increasing worry of rapid income inequality is only further justified by economic research showing a rise in servant-class jobs, strong economic recovery for elite zip codes but not for working-class regions, and skyrocketing wage growth for the billionaire class at 15 times the rate of other Americans.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.

Josh Hawley Calls for Criminal Probe of Amazon

SEAN MORAN

Sen. Josh Hawley (R-MO) sent a letter to Attorney General William Barr on Tuesday, urging him to open a criminal antitrust investigation against Amazon for stifling competition.

According to a Wall Street Journal report released last week, Amazon used data and sales to develop its own, competing products against other businesses competing on its Amazon marketplace. The Journal wrote:

The online retailing giant has long asserted, including to Congress, that when it makes and sells its own products, it doesn’t use information it collects from the site’s individual third-party sellers—data those sellers view as proprietary.

Yet interviews with more than 20 former employees of Amazon’s private-label business and documents reviewed by The Wall Street Journal reveal that employees did just that. Such information can help Amazon decide how to price an item, which features to copy or whether to enter a product segment based on its earning potential, according to people familiar with the practice, including a current employee and some former employees who participated in it.

In one instance, Amazon employees accessed documents and data about a bestselling car-trunk organizer sold by a third-party vendor. The information included total sales, how much the vendor paid Amazon for marketing and shipping, and how much Amazon made on each sale. Amazon’s private-label arm later introduced its own car-trunk organizers.

Hawley contended that Amazon’s business practices serve as an existential threat to small businesses competing against Amazon on the Internet giant’s marketplace.

“These practices are alarming for America’s small businesses even under ordinary circumstances. But at a time when most small retail businesses must rely on Amazon because of coronavirus-related shutdowns, predatory data practices threaten these businesses’ very existence,” the Missouri senator wrote.

“Abusing one’s position as a marketplace platform to create copycat products always is bad, but it is especially concerning now,” Hawley added. “Thousands of small businesses have been forced to suspend in-store retail and instead rely on Amazon because of shutdowns related to the coronavirus pandemic. Amazon’s reported data practices are an existential threat that may prevent these businesses from ever recovering.”

Hawley noted that the European Union already opened an investigation into Amazon using data in an anticompetitive fashion against third-party businesses.

“In the light of the enormous evidence already gathered, I ask that you look into this issue and open a criminal antitrust investigation of Amazon,” Hawley wrote.

Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.

 TOP EVIL CORPORATIONS LOOTING AMERICA 

Goldman Sachs TRUMP CRONIES – CLINTON CRONIES

JPMorgan Chase OBAMA CRONIES

ExxonMobil

Halliburton BUSH CRIME FAMILY CRONIES

British American Tobacco

Dow Chemical

DuPont

Bayer

Microsoft

Google CLINTON CRONIES

Facebook OBAMA CRONIES, BIDEN CRONIES

Amazon WORKS FOR BIDEN, OR DOES HE WORK FOR JEFF BEZOS?

Walmart

“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of today.” THEODORE ROOSEVELT

Graph from the Economic Policy Institute

Decades of decaying capitalism have led to this accelerating divide. While the rich accumulate wealth with no restriction, workers’ wages and benefits have been under increasing attack. In 1979, 90 percent of the population took in 70 percent of the nation’s income. But, by 2017, that fell to only 61 percent.

Millionaires projected to own 46 percent of global private wealth by 2019...watch those numbers go up with Bidenomics!

While the wealth of the rich is growing at a breakneck pace, there is a stratification of growth within the super wealthy, skewed towards the very top.

At the end of 2014, millionaire households owned about 41 percent of global private wealth, according to BCG. This means that collectively these 17 million households owned roughly $67.24 trillion in liquid assets, or about $4 million per household.

By Gabriel Black

The massive increase in the value of the stock market, which only a small segment of the population participates in, means that the top 10 percent of the population controls 73 percent of all wealth in the United States. Just three men—Jeff Bezos, Warren Buffet and Bill Gates—had more wealth than the bottom half of America combined last year.

The father of US Treasury Secretary Steven Mnuchin just completed the most expensive purchase of a living artist’s work in US history, spending over $91 million on a three-foot-tall metallic sculpture. Ken Griffin, the founder of hedge fund Citadel, recently dropped $238 million on a penthouse in New York City, the most expensive US home ever purchased. And Amazon’s Jeff Bezos, the world’s richest man, has invested $42 million in a 10,000-year clock  (BEZOS OWNS ABOUT $300 IN RESIDENTIAL PROPERTIES HE CONSIDERS HIS HOMES THESE INCLUDE $135 MILLION MANSION IN BEVERLY HILLS, A $40 MILLION DOLLAR TOWNHOUSE IN D.C. AND $100 MILLION IN CONDOS IN NYC).

Amazon’s 25th anniversary: A conglomerate based on parasitism and exploitation

Last week, Amazon commemorated its 25th anniversary. From its beginnings in a garage in Seattle, Washington, Amazon has grown into a multinational technology conglomerate with a market capitalization of nearly one trillion dollars.

In 1994, future Amazon CEO Jeff Bezos left his job at hedge fund D.E. Shaw to get out in front of the possibilities opened up by the accelerating development of the internet, beginning with the modest idea of an online bookstore. Bezos went on to become the wealthiest man on the planet, his hoard by one estimate peaking at a record $157 billion before his assets were divided in a divorce earlier this year.

Now considered one of the “Big Four” technology monopolies alongside Apple, Google and Facebook, Amazon controls the largest marketplace on the Internet: Amazon.com. The conglomerate’s reach extends from Whole Foods Market, which Amazon purchased in 2017 for $13.4 billion, to consumer electronics such as the Kindle reader and the voice-controlled Alexa. Amazon subsidiary Kuiper Systems announced in April of this year that it will spend a decade launching 3,236 satellites into space to provide broadband internet.

Traditional book publishers were decimated by the arrival of Amazon, which aggressively pursued them, in the words of Bezos, “the way a cheetah would pursue a sickly gazelle.” Using its vast flows of cash, Amazon ruthlessly undercut its rivals, from neighborhood stores to diaper manufacturers, accepting losses in order to drive competitors out of its way. Meanwhile, Amazon demanded and obtained free money from state and local governments in the form of tax breaks and other concessions.

Amazon’s annual revenues reached $233 billion in 2018, on which the conglomerate is expected to pay zero federal income tax. To put this figure in perspective, these revenues are nearly at the level of the annual tax revenue of Russia, which amounted to $253.9 billion in US dollars in 2017. Amazon’s revenues are higher than the government revenues of Turkey ($173.9 billion), Austria ($197.8 billion), Poland ($90.8 billion) and Iran ($77.2 billion).

Nearly half of American households now have subscriptions to Amazon Prime. The click of a mouse on a personal computer, or the tap of a finger on a mobile device, now sets into motion the speedy delivery of commodities from around the world, or the instantaneous electronic transmission of a film, song or book. Behind these deceptively simple transactions lies Amazon’s vast and complex commercial, logistics, distribution and computing empire.

Promising advances have indeed been made in automation and artificial intelligence. These technological advances carry with them tremendous liberating potential for human civilization as a whole. Heavy and repetitive toil by humans can increasingly be mitigated by robots, and possibilities appear on the horizon for advanced levels of coordination and integration around the world, assisted by artificial intelligence.

But under capitalism, new advances in technology have made possible new techniques of exploitation. Amazon has become a watchword for a new kind of despotism in the workplace.

In Amazon “fulfillment centers,” workers are forbidden to carry cellphones or to talk to each other. They are searched coming in and out, and minute details of their activity throughout the workday are tracked. Amazon specializes in putting constant pressure on workers to move as fast as possible, with electronic devices constantly prompting and prodding them to complete the next task.

Workers are instructed to compete with each other to surpass each other’s rates, which they are admonished constitutes “fun.” Arbitrarily high rates are demanded, and then raised, and then raised again. A worker who takes a moment to rest, to drink water, or to go to the bathroom can be criticized for a diminished rate. The workers who are deemed too slow, or who simply tire out, are replaced.

Amazon is now the second-largest employer in the United States, and there are around 647,000 Amazon workers worldwide. Journalist John Cassidy, writing about Amazon in The New Yorker in 2015, commented: “Behind all the technological advances and product innovation, there is a good deal of old-fashioned labor discipline, wage repression, and exertion of management power.”

Over the past week, we published an article exposing the injury of 567 workers over a two-year period at Amazon’s DFW-7 fulfillment center near Fort Worth, Texas. In December of last year, the WSWS reported how Amazon had hired a private detective to spy on 27-year-old worker Michelle Quinones in an effort to block compensation for her injury.

Amazon has appeared in the “Dirty Dozen” list maintained by the National Council for Occupational Safety and Health (National COSH) for two years in a row. The 2019 report highlights six worker deaths in seven months, 13 deaths since 2013, “a high incidence of suicide attempts, workers urinating in bottles and workers left without resources or income after on-the-job injuries.”

Amazon’s techniques are merely a refined expression of conditions being imposed on workers around the world. In March of this year, Ford Motor Company announced the hiring of its new chief financial officer, Tim Stone, who previously served as Amazon’s vice president of finance and the leader of the Amazon’s acquisition of Whole Foods. Stone was hired as Ford carries out brutal cost-cutting in the US, Europe and around the world.

There is no shortage of opposition among Amazon workers. On social media, current and former Amazon workers are contacting each other, looking for ways to fight back. In Poland, where Amazon workers make around $5 per hour, Amazon walked out of negotiations on July 2 with two unions over working conditions, setting the stage for a strike.

To fight for their interests, Amazon workers cannot allow their struggles to be corralled and smothered by the pro-capitalist trade unions, which are doing everything they can to block a fight against inequality and exploitation. 

In 25 years, Amazon produced the biggest individual fortune in history, and it did so on the backs of hundreds of thousands of workers. Amazon’s trajectory represents an “accumulation of misery, corresponding with accumulation of capital.”

Not just Bezos, but many others have enriched themselves or stand to enrich themselves from Amazon’s rise. Wall Street has its fingers in the pie. The Vanguard Group currently owns $55 billion of Amazon stock, BlackRock owns $45 billion and FMR owns $30 billion.

The parasitic activities of Amazon, through which it has sought to appropriate for itself the surplus value accumulated by other companies, have been integrated with the financial parasitism of the American economy. Amazon’s own stock has been buoyed ever higher as part of the speculative mania on Wall Street.

Amazon is entangled not only with Wall Street, but also with the US military and intelligence apparatus. Amazon was awarded a $600 million contract with the CIA in 2013, followed by a $10 billion contract with the Department of Defense last year to move government data onto the cloud. Meanwhile, Amazon’s facial-identification software “Rekognition” is being marketed to federal and local police.

In 2013, Bezos personally purchased, and now operates, the Washington Post, which has been a main media voice for the Democratic Party’s anti-Russia campaign and the overall interests of American imperialism.

The increasing integration of Amazon with the repressive apparatus of the state, while its tentacles stretch into every corner of society. 

Amazon must be placed under public ownership and democratic control. It must be taken out of the hands of the financial oligarchy and transformed into a public utility. The technology and infrastructure behind Amazon’s meteoric trajectory and the biggest individual fortune in modern history must be turned towards the needs and aspirations of the world’s population as a whole.

This program can only be achieved through the mobilization of the working class on an international scale on the basis of a fight to overthrow the capitalist system and establish a democratically-controlled socialist economy, run on the basis of social need, not private profit.

ASSAULT ON THE AMERICAN WORKER…. Amazon’s JEFF BEZOS PLAN FOR A NEW AMERICAN SLAVERY

http://mexicanoccupation.blogspot.com/2017/11/amazon-billionaire-jeff-bezos-says-fuck.html

"Amazon is a massive wrecking machine consuming American retail. It's looting the economy and leaving behind rubble. " --- DANIEL GREENFIELD FRONTPAGE MAG

Traditional book publishers were decimated by the arrival of Amazon, which aggressively pursued them, in the words of Bezos, “the way a cheetah would pursue a sickly gazelle.”

MODERN SLAVER JEFF BEZOS

AMAZON’S ASSAULT ON AMERICA CONTINUES

http://mexicanoccupation.blogspot.com/2018/05/modern-slaver-jeff-bezos-of-amazon.html

Amazon, the multinational online retail conglomerate, is importing more foreign workers to the United States to take coveted tech industry jobs than Facebook and Google combined. JOHN BINDER

"Today, each of the top 5 billionaires owns as much as 750 million people, more than the total population of Latin America and double the population of the US."

“A comprehensive new report released Sunday by the New York-based labor rights watchdog China Labor Watch (CLW) has shed new light on the barbaric and illegal practices that Amazon employs to boost its profits by driving down production costs on the backs of factory workers at the company’s electronics assembly plants in China.”

JEFF BEZOS of AMAZON DECLARES THAT AMERICAN-BORN SLAVES ARE NOT CHEAP ENOUGH. CHINA MUST DELIVER THE REAL SLAVE LABOR!

http://mexicanoccupation.blogspot.com/2018/06/hundreds-of-miserably-paid-employees-at.html

“A comprehensive new report released Sunday by the New York-based labor rights watchdog China Labor Watch (CLW) has shed new light on the barbaric and illegal practices that Amazon employs to boost its profits by driving down production costs on the backs of factory workers at the company’s electronics assembly plants in China.”

Amazon, the multinational online retail conglomerate, is importing more foreign workers to the United States to take coveted tech industry jobs than Facebook and Google combined. JOHN BINDER

 

AMAZON’S JEFF BEZOS IS THE FACE OF MODERN SLAVERY! 

http://mexicanoccupation.blogspot.com/2018/06/the-face-of-evil-jeff-bezos-assault-on.html

The gains for employees are a novel pain for the investors and employers who have been able to hold down wages for decades because the federal government is trying to grow the economy via cheap-labor legal immigration.

“INVESTORS” HAVE AND WILL DESTROY THIS NATION IF IT WOULD IMPACT THE NEXT QUARTER’S EARNINGS!

Amazon, the multinational online retail conglomerate, is importing more foreign workers to the United States to take coveted tech industry jobs than Facebook and Google combined. JOHN BINDER

"Amazon is a massive wrecking machine consuming American retail. It's looting the economy and leaving behind rubble. " --- DANIEL GREENFIELD FRONTPAGE MAG