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/

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snoopydawg's picture

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.

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America is a pathetic nation; a fascist state fueled by the greed, malice, and stupidity of her own people.
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snoopydawg's picture

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

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8 users have voted.

America is a pathetic nation; a fascist state fueled by the greed, malice, and stupidity of her own people.
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Amanda Matthews's picture

@snoopydawg

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3 users have voted.

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

snoopydawg's picture

@Amanda Matthews

https://thehill.com/opinion/white-house/430152-the-embarrassing-return-o...

It sure starts out well.

The slapping sounds you heard Thursday were the many face palms of current and former FBI agents as fired FBI Deputy Director Andrew McCabe resurfaced like an oil slick to inflict yet more embarrassment on the beleaguered bureau. But he has written a book and books must be sold and, so, here we go.

This Sunday he’ll tick … tick … tick … with “60 Minutes.” Any day now he’ll be caressed on “The View” and other bumper-padded shows. A proven liar, he’ll explain to us why former FBI Director James Comey and Deputy Attorney General Rod Rosenstein are liars. He will peddle shameful stories about shameful actions for shameful money.

In teasers from his “60 Minutes” interview, we learn new details about old events. If McCabe thinks his latest admissions are going to put him in a better light, then he just further validated the poor judgment skills that were a hallmark of his time at the top of the FBI.

Let’s start with his incredibly nonsensical answer to the “60 Minutes” reporter’s incredibly mistaken question. McCabe was asked why he opened obstruction of justice and counterintelligence investigations “involving” President Trump after meeting with the president shortly after Comey was fired.

McCabe doesn’t bother to clarify that he initiated only an obstruction of justice case at that point. As everyone else except, apparently, “60 Minutes” knows, a counterintelligence investigation of possible “links” between the Trump campaign and Russia was opened by Comey at least eight months prior.

This goes well with the essay you wrote about the FBI trying to remove Trump by the 25th amendment.

Let’s be clear: Apart from the attorney general as a member of the president’s cabinet, the rest of the DOJ and, especially, the FBI have zero role in determining the applicability of the 25th Amendment. This reads like constitutional amateur hour.

If you're interested in Trump being removed this way you can sign the petition on DK asking for it.

Smile

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America is a pathetic nation; a fascist state fueled by the greed, malice, and stupidity of her own people.
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@snoopydawg gang needs to be locked up in jail for life (Mueller, McCabe, Stzrok, Page, etc.). But the sedition act only allows for 20 years. I guess 20 years is long enough.

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dfarrah

Them UP!

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Ya got to be a Spirit, cain't be no Ghost. . .

Deja's picture

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.

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