March 30, 2018

Gizmodo: Trump’s Claim That Amazon Pays No Taxes Is Utter Nonsense

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Recent financial reports have highlighted the fact that Amazon, which raked in more than $5.6 billion in profits last year, paid $0 in federal income taxes. It accomplished this, according to the Institute on Taxation and Economic Policy, by taking advantage of “various tax credits and tax breaks for executive stock options,” including a one-time $789 million tax break thanks to the—wait for it—the tax law signed by President Trump last year. Read more



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