Trillion-dollar-valued Amazon pays $0 in income taxes for 2018, gets multi-million refund
Damn. So many homeless, poor, sick, and hungry and Dr Blasio wanted to give Amazon the keys to the city. What a punk.
Trillion-dollar-valued Amazon pays $0 in income taxes for 2018, gets multi-million refund
Trillion-dollar-company Amazon skated through 2018's tax filings without paying a cent for the second year in a row. The e-commerce behemoth, which made $11 billion last year, will pay no taxes at all, thanks to 2017's tax reform.
Rather than pay the standard 21 percent corporate income tax rate, Amazon is actually claiming a tax rebate of $129 million, which works out to a logic-defying rate of -1 percent Aside from the nebulous “tax credits,” which the company does not have to spell out in its public filings, Amazon is also claiming a tax break for executive stock options, according to the Institute for Taxation and Economic Policy – a longstanding loophole that permits profitable corporations to dodge federal and state income taxes on almost half their profits.
https://www.rt.com/business/451417-amazon-pays-negative-tax-loopholes/
Comments
This is the answer to why we can't have nice things
I'm reading that the Amazon deal in NYC is done going away. Bezos is still looking to build his facility there, just not where it was. But someone from the legislature will be on the committee for doing that. Hounds are watching the foxes.
Which AIPAC/MIC/pharma/bank bought politician are you going to vote for? Don’t be surprised when nothing changes.
Here's the link about Amazon
https://www.theguardian.com/technology/2019/feb/15/amazon-new-york-long-...
The democrats opposed the deal only because they didn't want to suffer the wrath of the extreme left of their party. Yeah okay..sure
Which AIPAC/MIC/pharma/bank bought politician are you going to vote for? Don’t be surprised when nothing changes.
Thanks
I'm tired of this back-slapping "Isn't humanity neat?" bullshit. We're a virus with shoes, okay? That's all we are. - Bill Hicks
Politics is the entertainment branch of industry. - Frank Zappa
You might enjoy this
https://thehill.com/opinion/white-house/430152-the-embarrassing-return-o...
It sure starts out well.
This goes well with the essay you wrote about the FBI trying to remove Trump by the 25th amendment.
If you're interested in Trump being removed this way you can sign the petition on DK asking for it.
Which AIPAC/MIC/pharma/bank bought politician are you going to vote for? Don’t be surprised when nothing changes.
IMO, that entire
dfarrah
Break
Them UP!
Ya got to be a Spirit, cain't be no Ghost. . .
Explain Bldg #7. . . still waiting. . .
If you’ve ever wondered whether you would have complied in 1930’s Germany,
Now you know. . .
sign at protest march
Amazon FINALLY cancelled my prime membership
Yesterday. I changed banks and deleted my old card info in Nov or Dec. The renewal date was early Jan, but finally received notice, yesterday, that my $119 membership is finally cancelled after weekly warnings.
Bozo doesn't need my hard-earned $119, for which I was actually taxed.