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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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