In These Times: It’s Cheap to Be Rich

As the Insti­tute on Tax­a­tion and Eco­nom­ic Pol­i­cy explained: ​“The mech­a­nisms Ama­zon has used to reduce its three-year fed­er­al income tax rate to zero between 2017 and 2019 are legal. Con­gress cre­at­ed them, Con­gress chose in the most recent round of ​‘tax reform’ to leave them in place, and Con­gress cur­rent­ly appears to be entire­ly cool with these tax breaks remain­ing in place.” Read more