Amazon earned $5.6B in 2017, but paid no federal taxes

a reply to: UpIsNowDown

Well technically, if you're a business it's possible to invest every penny you bring in and it all becomes non taxable. I don't know the upper limit though. It seems there isn't one....

We need a plan.

It is hard to go against someone holding all the goods after they shut down all the other retailers.

originally posted by: IgnoranceIsntBlisss


The Amazon Juggernaut .

This times 1000, they are now in the position to open into other sectors at a loss to then become the new leader of that sector.

My biggest worry is these global companies larger than many a nation will soon want more "influence" on deciding laws (than they already have)

a reply to: Southern Guardian

This is false. Not sure where they're getting their numbers but amazon's EBITDA (earnings before interest, tax, deductions, and annuities) last year was 4.65 billion (51 billion less than the fox article claims). They paid 769M in taxes, though admittedly that's ALL taxes, not just federal. But that's about 16.5% of their earnings. Right on par with everyone else.

Furthermore, any income distributed from these profits were federally taxed, gains (in the form of dividends or stock appreciation) were also taxed federally.

Also, this was the Barack Obama tax plan, not the trump tax plan. So blame Obama.

Here's a link to their annual summary, have a look for yourself: finance.yahoo.com...

a reply to: Southern Guardian

Saturday March 31, 2018

President Trump agrees. AMAZON is ripping off the government, and the U.S. Postal Service. Very informative tweets from him this morning...

"While we are on the subject, it is reported that the U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon," Trump tweeted, following up on a tweet earlier this week that accused Amazon of "putting many thousands of retailers out of business."

"That amounts to Billions of Dollars," he tweeted Saturday. "The Failing N.Y. Times reports that 'the size of the company's lobbying staff has ballooned,' and that does not include the Fake Washington Post, which is used as a 'lobbyist' and should so REGISTER.

If the P.O. 'increased its parcel rates, Amazon's shipping costs would rise by $2.6 Billion.' This Post Office scam must stop. Amazon must pay real costs (and taxes) now!"

Source: thehill.com...