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Blendpons
  • 4 months ago

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00:00Amazon made tens of billion dollars in profit, and interestingly enough, paid only zero dollars
00:07in federal income tax. How? That is the question. They legally shrink their taxable income to
00:16almost nothing. Amazon uses stock-based pay write-off, R&D credits, old losses, and tax
00:26loopholes, saving billions. In 2021, they had 35 billion dollars in U.S. profits, but only paid
00:356%, avoiding 5 billion in taxes. Legal? Yes. Fair? You decide.
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