Message Font: Serif | Sans-Serif
 
No. of Recommendations: 8
This is one sick country if corporations can get away with this while the little guy pays more in tax than they do on billions of profit.

From p.27 of their recent 2018 10K

We recorded a provision for income taxes of $1.4 billion , $769 million , and $1.2 billion in 2016 , 2017 , and 2018 .

https://seekingalpha.com/filing/4322618

I'd imagine these income taxes they've paid are state and foreign.

"Little guys" don't pay Federal Income tax. Per the Tax Policy Center's most recent estimate, 44.4% of households pay no Federal Income Tax.

https://www.taxpolicycenter.org/model-estimates/tax-units-ze...

For those households who do pay Federal Income tax, according to the most recent IRS SOI Tax Stats, those with adjusted gross incomes of $50,000 and less paid 1% of all Fed Income tax collected, while those with AGI of $500K and more paid 43.7%. See Table 2.1

https://www.irs.gov/statistics/soi-tax-stats-individual-inco...

How much does Amazon invest in infrastructure, software development, new construction, new hires and robotic technology...to name a few? How many jobs has AMZN, directly and indirectly, been responsible for creating, with real benefits?

I don't think you'd want to live in a world who revolted from what we have.

BruceM
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.