Amazon made $5.6 billion in profits last year but reportedly paid absolutely nothing in federal income taxes.
According to the Institution on Taxation and Economic Policy (ITEP), the online retail giant's latest financial statement suggests that various tax credits and tax breaks for executive stock options are the reason behind the company paying zero tax in 2017.
They made so much profit and paid no federal taxes... what is worse is that 1 in 10 Amazon employees are on government benefit programs because they do no earn a living wage... so a company earn $5.6 billion in profits, does not pay any taxes, and does not pay all of its employees a living wage so they have to be subsidized by government programs so they can afford to pay their bills, this is what happens when an oligarchy takes over the government. The rich get richer...
More info in the article;
http://www.dailymail.co.uk/news/article-5439437/Amazon-5-6billion-profits-year.html
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I wish that I had some of their stocks back in 2007 hahahah but hey!!! that is why crypto is here right?!?!?! :)
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Upvoted ☝ Have a great day!
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