In 2017, Amazon reported $5.6 billion of U.S. profits and didn’t pay a dime of federal income taxes on it. It also gets a $789 million windfall from Trump’s new tax law.
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In 2017, Amazon reported $5.6 billion of U.S. profits and didn’t pay a dime of federal income taxes on it. It also gets a $789 million windfall from Trump’s new tax law.
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I remember that at the confirmation hearing for Nelson Rockefeller as Vice-President it came out that he paid no income taxes because of all the loopholes. However, he voluntarily gave a few hundred thousand dollars to the government and explained that he felt obligated to do so.