Amazon uses financial games to avoid paying ANY tax. Yup! Last two years the corp has paid ZERO federal income tax on the billions of $$ they make yearly.
They aren’t an anomaly. Most big corps pay zero. Unless you count the billions they pay lobbyists and funnel into Democrat PACs.
“Amazon for many years reinvested all its profits into expansion, with the result that it paid little or no taxes because taxes are calculated based on profits.”
Makes sense to me.
The paying of taxes for everyone is a big question mark. Here is an article on corporate taxes.
https://www.taxpolicycenter.org/taxvox/corporate-taxes-are-they-fair-who-really-pays-them-and-when
And it firmly confirms the history and probable efforts of the current administration:
“Corporate taxes: Taxing richer people now, and everybody else eventually.”
And it takes years to fix it each time.
wy69