Amazon paid $162M in 2019 federal taxes after making $13BILLION in profit, as it postpones payments
Amazon paid $162M in 2019 federal taxes after making $13BILLION in profit, as it postpones payments
Amazon only paid $162 million in federal taxes to the US government after reporting more than $13 billion in profits for 2019, according to the company’s filings with the Securities and Exchange Commission.
That was essentially a tax rate of about 1.2 per cent, after the company was allowed to defer $914 million in federal income taxes.
Thanks to those same deferments, the news was even…