July 24, 2020

Alternet: As laid off workers face a financial cliff, Amazon’s Jeff Bezos grows $13 billion richer in one day

media mention

While Amazon reported $13.9 billion in income in 2019, Bezos’ company managed to pay just $162 million in federal taxes last year—a 1.2% tax rate despite the United States’ 21% federal tax rate for corporations. The previous two years, according to the Institute on Taxation and Economic Policy, Amazon paid $0 in federal income tax. Read more