Amazon will pay no federal income taxes for the second year in a row

Amazon will pay no federal income taxes for the second year in a row

As per a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, Amazon.com may not have to pay a cent in federal taxes for the second year in a row. The tax-free break comes even though Amazon almost doubled its US profits between 2017 and 2018.

Timothy
Timothy
Mitchell
Mitchell 1 year

So the New York HQ thing aside, is there anything nefarious going on here or is this just anti corporate bias pushing a narrative of Amazon reaping unfair benefits?

Fernando Granizo
Fernando Granizo 1 year

If there was something illegal they should be audited. The articles suggest though that it was made through tax loopholes. My opinion is that corporations and people be taxed a flat percent and be done with it. That way instead of paying for expensive accountants they pay the government.

RickFit
RickFit 1 year

So the U.S. middle income taxes will compensate for the multi-billion dollar company's lack of. How's that working for us?

Scruffy Stoat
Scruffy Stoat 1 year

It's a rock and a hard place. No individual is allowed to negotiate whether or not they'll pay income tax, but corporations can, not quite an even playing field there. They even intentionally commit crimes if the profits from said crime exceed the losses incurred from fines, fees, and settlements which is beyond effed up. They also stimulate the economy and provide jobs to millions of people.....

Planet Kaos
Planet Kaos 1 year

What else is new. They're a corrupt company in a corrupt country with masses of insanely ignorant and apathetic citizens. Plus the mainstream media is like a bullhorn for billionaires and their destructive agendas. When will the American people start acting like American people?

AshLiamBerg
AshLiamBerg 1 year

You want socialism because it's shit like this that gets you socialism...

Steven Cline
Steven Cline 1 year

When my wife had her business, we had Carry Forwards, also. Things you could not write off in a single year but hat to write off over 5 or 7 years. They're available or required at every level. Amazon works on the growth model. pouring all their profits back into the company for growth, and only taking enough profits to get their write-off.

The First Man
The First Man 1 year

How do I get in on this action? (If this is the IRS reading this, I am asking for a friend...)

NPC #9273635
NPC #9273635 1 year

Thank God I don't think Bezos could afford it.

David Thompson
David Thompson 1 year

and this company has the gall to demand tax breaks for its HQ 2. smh

liberty Ann
liberty Ann 1 year

"Only the little people pay taxes."----Leona Helmsley

Rick Smith
Rick Smith 1 year

TAXATION IS THEFT

Julian Collot
Julian Collot 1 year

Good. Tax evasion is heroic

The Red Jester (Lucus gentile)
The Red Jester (Lucus gentile) 1 year

Sounds about right if you do the leg work. By the way this can happen for anyone if you put in the leg work but you know it's easier if you use a bunch of accountants or if you study accounting which is free for personal study and use.

Mr. A
Mr. A 1 year

Too bad every company didn't have to pay taxes at same rate as Amazon. Since Amazon gets a tax break, maybe they can use that money to pay & compensate their workers more fairly.

Sir_Kutz
Sir_Kutz 1 year

Amazon exploited loopholes in the tax code. Most people do that, some are better than others and companies invest a lot to gain from these loopholes. Amazon sucks, but there is nothing corrupt about it.

Notsurewewillsee
Notsurewewillsee 1 year

People are upset about things I’m guessing the majority don’t understand. Has anyone even liked at their annual report. Just a quick glance can see while they may not pay one portion of taxes doesn’t mean they aren’t paying anything. I mean in 2017 they leased over 200k sq ft of space. That isn’t cheap and I assure they are paying the property taxes on that area indirectly. Not to mention if Amazon were to say screw it to the US, how many jobs would be lost, which means even less taxes for the government. There is more that I could say, but I doubt most care enough to actually research when it is easier to be outraged.

DJ C.
DJ C. 1 year

I guess it’s all legal, doesn’t necessarily mean it’s right.

Eric M
Eric M 1 year

isn't that special!

FoodNotBombs
FoodNotBombs 1 year

stop buying from Amazon and their subsidiaries

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