https://shadowproof.com/2020/05/05/fight-tax-amazon-seattle-covid-19/
“What we are talking about is taxing the largest two percent of corporations in the city. These are corporations that are the most stable,” said Kshama Sawant, one of the Seattle City Council members championing legislation to tax Amazon. “It’s corporations with massive cash reserves in contrast to households with no income because the vast majority live paycheck to paycheck.”
Under the proposal, Amazon would face a 1.3 percent payroll tax, which Sawant equates to less than a one percent tax overall.
City Council members seek to raise $500 million annually, including $200 million in coronavirus cash assistance immediately, with the rest of the funds used to support affordable housing units and “Green New Deal” infrastructure.
“We have to pinpoint these numbers because it exposes the lies of big business when they cry foul on this tax. Oh, the sky is going to fall if you tax us. Really? It is less than a one percent tax rate. Don’t tell me you are so fragile you won’t survive when a household that makes $25,000 per year is taxed at a staggering 17 percent tax rate,” added Sawant.
Washington state has one of the most regressive tax codes. The Tax Amazon movement is an effort to reform that regressive tax code, combat wealth and income inequality, and provide the funding and resources necessary to help poor and working families recover from the pandemic.
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