Current Events > Zoom paid no federal income tax for 2020

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Phynaster
03/22/21 10:43:25 PM
#1:


https://www.businessinsider.com/zoom-paid-no-federal-income-taxes-600-million-pandemic-2021-3

Not great! Despite them raking in the profits over the course of the pandemic.

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CADE FOSTER
03/22/21 10:44:58 PM
#2:


These billion dollar businesses all know how to skirt taxes our tax laws are fucking garbage
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VipaGTS
03/22/21 10:45:38 PM
#3:


but middle class Republican voters crying about raising the taxes on Billionaires will continue to help them do this for....some reason.

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SevenTenths
03/22/21 10:45:42 PM
#4:


Thanks Obama

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Questionmarktarius
03/22/21 10:45:56 PM
#5:


People paid for Zoom?
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VipaGTS
03/22/21 10:46:54 PM
#6:


Questionmarktarius posted...
People paid for Zoom?
Yes. It has a time limit for free use. Many businesses and smaller groups do pay for it to have extended features and use.

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AtelierRyza3462
03/22/21 10:46:54 PM
#7:


They spent all their profits on their own business expenses, increasing infrastructure as nearly everyone switched to for online communication.

Its not even a loophole.

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HODL_Austin_Era
03/22/21 10:47:43 PM
#8:


Big corps shouldn't have to pay fed tax. They are feeding us working class. Without them we'd be dead.

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Questionmarktarius
03/22/21 10:48:54 PM
#9:


VipaGTS posted...
Many businesses and smaller groups do pay for it to have extended features and use.
Isn't that what Teams is for?
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Damn_Underscore
03/22/21 10:50:15 PM
#10:


AtelierRyza3462 posted...
They spent all their profits on their own business expenses, increasing infrastructure as nearly everyone switched to for online communication.

Its not even a loophole.

The reddit comments for this article said this as well.

This is basically a shitty clickbait article meant to anger uninformed people.

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NightRender
03/22/21 10:52:19 PM
#11:


AtelierRyza3462 posted...
They spent all their profits on their own business expenses, increasing infrastructure as nearly everyone switched to for online communication.

Its not even a loophole.

It was actually a stock option thing, as per the article, but good guess, I suppose.

As far as I can divine, I guess the government gives companies tax breaks for this, because they wanted to incentavize reinvesting in the company in a roundabout way, and theoretically the government gets that money in tax if they ever sell and realize those gains.

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Solid Snake07
03/22/21 10:57:02 PM
#12:


https://finance.yahoo.com/quote/ZM/financials?p=ZM

Yes they did

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Questionmarktarius
03/22/21 10:58:50 PM
#13:


NightRender posted...
As far as I can divine, I guess the government gives companies tax breaks for this, because they wanted to incentavize reinvesting in the company in a roundabout way, and theoretically the government gets that money in tax if they ever sell and realize those gains.
It's just simple regulatory-capture type bullshittery.

In communism, the people in charge quickly become the people who own everything. In capitalism, that's reversed.
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Robot2600
03/22/21 11:07:23 PM
#14:


HODL_Austin_Era posted...
Big corps shouldn't have to pay fed tax. They are feeding us working class. Without them we'd be dead.

what the actual fuck
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pikachupwnage
03/22/21 11:08:27 PM
#15:


They should be strung up in the streets and *Moddable stuff*

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Kloe_Rinz
03/22/21 11:08:55 PM
#16:


This is what the masses voted for
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CM_Ponch
03/22/21 11:10:41 PM
#17:


I want to be outraged, but they became a necessity for education

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CableZL
03/22/21 11:13:13 PM
#18:


Questionmarktarius posted...
People paid for Zoom?

Yes, lots of companies pay for their services to get extra features.

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Squall28
03/22/21 11:30:51 PM
#19:


Solid Snake07 posted...
https://finance.yahoo.com/quote/ZM/financials?p=ZM

Yes they did

rofl

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NeonOctopus
03/22/21 11:31:39 PM
#20:


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Kloe_Rinz
03/22/21 11:34:11 PM
#21:


NeonOctopus posted...
Smart. The rich get richer ay. Capitalism, ho!
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Squall28
03/22/21 11:49:36 PM
#22:


NeonOctopus posted...

Remember guys. If someone posts text in a picture, it has to be true.

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