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Amazon will pay $0 in taxes for the second year in a row

Craft Boutique


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« on: June 24, 2019, 05:54:50 pm »

This is just appalling. They pay very little to their workers and pay no taxes. How are they good for US economy?

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Amazon will pay $0 in taxes on $11,000,000,000 in profit for 2018
Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal tax responsibility is 21% (down from 35% in previous years). But with the help of tax breaks, according to corporate filings, Amazon won’t be paying a dime to Uncle Sam despite posting more than $11.2 billion in profits in 2018.
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