According to a report from the Institute on Taxation and Economic
Policy (ITEP), Amazon will pay nothing in federal income taxes
for the second year in a row.
Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal
tax responsibility is 21% (down from 35% in previous years). But
with the help of tax breaks, according to corporate filings,
Amazon won’t be paying a dime to Uncle Sam despite posting more
than $11.2 billion in profits in 2018.
That’s fucked up. Not Amazon’s fault, though — it’s our corrupt tax laws.