10-02-2019, 08:15 PM
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#56 (permalink)
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Not Doug
Join Date: Jun 2012
Location: Show Low, AZ
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Bernie always complains that Amazon did not pay taxes.
Quote:
In 2018, Amazon paid $0 in U.S. federal income tax on more than $11 billion in profits before taxes. It also received a $129 million tax rebate from the federal government. Amazon’s low tax bill mainly stemmed from the Republican tax cuts of 2017, carryforward losses from years when the company was not profitable, tax credits for massive investments in R&D and stock-based employee compensation, CNBC previously reported.
In 2018, Walmart paid more than $3.2 billion in U.S. federal corporate income taxes.
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"How about paying your taxes?"—Walmart responds to Amazon’s challenge over pay
Then there is this: Democratic presidential candidate Elizabeth Warren wants to raise $1 trillion in revenue with a new 7% tax on corporate profits over $100 million
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