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AOC Celebrates "Defeat" Of World's Richest Man's "Worker Exploitation" As Amazon Abandons NY
She added that if New York had $3 billion to give away to Amazon as a part of this deal, it should be able to find the money to pay teachers and fix the subway.
She apparently does not understand that tax breaks given to companies are not income or payouts to begin with !!
originally posted by: conspiracy nut
a reply to: xuenchen
I hate when corporations bully government in to corporate welfare on such a massive scale and then want to pay their employees peanuts so they to can collect their meager welfare benefits MAGA?
Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00. According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won’t have to pay a cent in federal taxes for the second year in a row. This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017 and 2018. To top it off, Amazon actually reported a $129 million 2018 federal income tax rebate—making its tax rate -1%.
originally posted by: neo96
AOC is the worlds biggest dumb snip.
No effing money was given to Amazon.
They effing earned it.