Amazon is one of the world's most valuable companies, valued at nearly $800 billion, and the e-commerce giant pulled in $232.9 billion in global revenue in 2018. And yet, Amazon's federal tax bill this year: $0. For the second year in a row. In fact, Amazon is actually getting a federal tax refund of $129 million this year, due in part to a combination of tax credits and deductions. This is despite the fact that Amazon nearly doubled its taxable income in 2018 to $11.2 billion, from $5.6 billion a year earlier. In other words, #Amazon is basically paying a -1 percent federal income tax rate this year after reportedly paying a federal rate of more than 11 percentbetween 2011 and 2016, according to The Week. Thanks to Trump's tax bill, Amazon will pay $0 on over $11 billion in profits... while some people have received some surprise tax bills when filing their returns, corporations continue to avoid paying tax — thanks to a cocktail of tax credits, loopholes, and exemptions. . Tired of all the winning yet? 😊❤✌ . . . #GopTaxScam #TrumpForPrison #GopComplicit #DonaldTrump #TaxTheRich #SaveOurMiddleClass #TaxSeason #ImpeachTheMF #SoMuchWinning #Democrats #Liberals #Progressives #AnybodyButTrump #FederalIncomeTax | #Repost @daphneposh ・・・ https://www.instagram.com/notmypresidenttrump/p/Bue5-oUBQf5/?utm_source=ig_tumblr_share&igshid=cwxoypb7z5al
