Amazon in Its Prime: Doubles Profits, Pays $0 in Federal Income Taxes

in #share2steem5 years ago


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External Link : https://itep.org/amazon-in-its-prime-doubles-profits-pays-0-in-federal-income-taxes/

Amazon in Its Prime: Doubles Profits, Pays $0 in Federal Income Taxes

Amazon, the ubiquitous purveyor of two-day delivery of just about everything, nearly doubled its profits to $11.2 billion in 2018 from $5.6 billion the previous year and, once again, didn’t pay a single cent of federal income taxes.




techwizardry


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You can't knock Bezo's business ability, but you have to question whether the end result is in the best interests of anyone.

Amazon will soon pretty much run the retail world and it will take an absolute miracle for anyone to take them on, I guess we've gone past that point already!

Not in the best interest of the little guy, that is for sure!! The only thing that can stop Amazon now is the government.

Yep, your right.

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