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Amazon Will Pay $0 in Federal Taxes on $11.2 Billion Profits (fortune.com)
Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00. From a report:
According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won't have to pay a cent in federal taxes for the second year in a row. This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017 and 2018. To top it off, Amazon actually reported a $129 million 2018 federal income tax rebate -- making its tax rate -1%. |
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| There are no conversations. |
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| cauz |
Feb. 15, 2019, 3:34 p.m. |
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| Naveen Jain |
The human brain works as a binary computer and can only analyze the exact information-based zeros and ones (or black and white). Our heart is more like a chemical computer that uses fuzzy logic to analyze information that can't be easily defined in zeros and ones. |
| Steve Ballmer |
We've grown from 18% of the profits of the top 25 companies in our industry to 23% of the profits of the top 25 companies in our industry over the last five years. Profits are up over 70%, where the industry profit is up about 35%. Pretty good. |
| Tony Danza |
We did 112 shows and had 112 parties. |
| Abdullah Ahmad Badawi |
We have also set up the national institute for ethics. This institute and also the implementation of the national integrity plan, that will certainly do the follow up that is necessary for this. |
| Elton Gallegly |
In addition, California spends nearly $1 billion a year in Medi-Cal services for an average of 780,000 illegal immigrants a month, over and above emergency health services. |
| Jim Garrison |
Until as recently as November of 1966, I had complete faith in the Warren Report. Of course, my faith in the Report was grounded in ignorance, since I had never read it. |
| Jerry Garcia |
I read somewhere that 77 per cent of all the mentally ill live in poverty. Actually, I'm more intrigued by the 23 per cent who are apparently doing quite well for themselves. |
| Jeffrey R. Immelt |
I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less. |
| Fredrik Bajer |
To read the report of a discussion in which arguments for and against are presented, in which a subject has been covered from different points of view, with new ideas advanced - this is far more instructive than to read a brief account of the resolution passed on the matter. |
| Sri Mulyani Indrawati |
Many developing countries are enjoying demographic changes. They have a younger demographic composition so they're not burdened by legacy policy. Now, if you combine this with a good macro policy and ambitious structural policy, those countries are able to move more flexibly and be more agile. |
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Amazon Is Finally Profitable, Earns $2.5 Billion Over the Last Three Months
Amazon topped $2 billion in quarterly profit for the first time in its history, an impressive run fueled by continued growth in Prime subscriptions, cloud computing and its nascent advertising business. Amazon said Thursday that it earned $2.5 billion in profit for the three months ending in June, a staggering jump from the $197 million it posted in the same period last year. It marked the third consecutive quarter that Amazon has topped $1 billion in profit, a remarkable feat for a company once known for investing so much in its business that it often lost money. "The profitability trajectory appears to be accelerating quicker than expected," Daniel Ives, an analyst with GBH Insights, wrote in an investor note ...
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Apple, Google and Microsoft Are Hoarding $464 Billion In Cash
Apple, Google and Microsoft are sitting on a mountain of cash -- and most of it is stashed far away from the taxman. Those three tech behemoths held a total of $464 billion in cash at the end of last year, according to a Moody's report published this week. From a report:
Apple alone had a stunning quarter-trillion dollars of cash thanks to years of gigantic profits and few major acquisitions. That's enough money to buy Netflix three times. It's also more cash than what's sitting on the balance sheet of every major industry except tech and health care. All told, non-financial U.S. companies studied by Moody's hoarded $1.84 trill...
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Senator Introduces Bill That Would Send CEOs To Jail For Violating Consumer Privacy
Oregon Senator Ron Wyden has introduced the Consumer Data Protection Act that "would dramatically beef up Federal Trade Commission authority and funding to crack down on privacy violations, let consumers opt out of having their sensitive personal data collected and sold, and impose harsh new penalties on a massive data monetization industry that has for years claims that self-regulation is all that's necessary to protect consumer privacy," reports Motherboard. From the report:
Wyden's bill proposes that companies whose revenue exceeds $1 billion per year -- or warehouse data on more than 50 million consume...
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trying to figure out what my salary and taxes would be in Germany. using translation software to translate the numbers into English doesn't seem to change it.
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I had a dream that someone told me they weren't going to do their taxes with turbo tax (so exciting, right?) but then I was in some apartment that I think was mine on the second floor and I was trying to shoot off some rockets but they were def aimed at the ceiling and that didn't look like it was going to end well.
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No Healthy Level of Alcohol Consumption, Says Major Study (theguardian.com)
Even the occasional drink is harmful to health, according to the largest and most detailed research carried out on the effects of alcohol, which suggests governments should think of advising people to abstain completely. The uncompromising message comes from the authors of the Global Burden of Diseases study, a rolling project based at the University of Washington, in Seattle, which produces the most comprehensive data on the causes of illness and death in the world. Alcohol, says their report published in the Lancet medical journal, led to 2.8 million deaths in 2016. It was the leading risk factor for premature mortality and disability in the 15 to 49 age group, accounting for 20% of deaths. The study was carri...
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24 Amazon Workers Sent To Hospital After Robot Accidentally Unleashes Bear Spray
Twenty-four Amazon workers in New Jersey have been hospitalized after a robot accidentally tore a can of bear repellent spray in a warehouse, officials said. The two dozen workers were treated at five local hospitals, Robbinsville Township communications and public information officer John Nalbone told ABC News. One remains in critical condition and 30 additional workers were treated at the scene. The official investigation revealed "an automated machine accidentally punctured a 9-ounce bear repellent can, releasing concentrated Capsaican," Nalbone said. Capsaican is the major ingredient in pepper spray. The fulfillment center was given the all clear by Wednesday evening.
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Spot the bullshit:
"On Thursday, the U.S. Department of Education announced its new plan to help tackle debt for those who borrowed federal money to pay for student loans.
In a new streamlining process, borrowers who have approved claims that confirm their college or institution defrauded them or engaged in financial misconduct will be able to apply for full relief.
Officials estimate that t...
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At 133 billion base pairs[4] it has the largest known genome of any vertebrate and one of the largest of any organism on Earth, along with Polychaos dubium and Paris japonica at 670 billion and 150 billion, respectively.
Polychaos dubium is a freshwater amoeboid and one of the larger species of single-celled eukaryote.
Polychaos dubium has one of the largest genomes known for any organism, consisting of 670 billion base pairs or 670 Gbp,[4] which is over 200 times larger than the human genome (3.2 Gbp). The authors of one 2004 study, however, suggest treating that measurement with caution, be...
This post is a comment.
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California DMV Changes Rules To Allow Testing and Use of Fully Autonomous Vehicles
msmash 3 hours ago 35
The California Department of Motor Vehicles is changing its rules to allow companies to test autonomous vehicles without a driver behind the wheel -- and to let the public use autonomous vehicles. From a report: The DMV released a revised version of its regulations and has started a 15-day public comment period, ending October 25, 2017. California law requires the DMV to work on regulations to cover testing and public use of autonomous vehicles, and the regulator said that this is the first step. "We are excited to take the next step in furthering the development of this potentially life-saving technology in California," the state's Transportation Secretary, Brian Kelly, said in a stat...
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