I don’t think we should be giving Jeff Bezos a medal for figuring out how to fuck over the system so bad, that one of the world’s largest companies didn’t pay any income taxes last year.
And that was before the massive Trump Tax Cut which dropped the corporate tax rate from 35% to 21%.
Thanks to a complex system of credits and deferment, Amazon won’t pay any federal income taxes after topping $5.6 billion in income in 2017. The Seattle-based online retailer will end up paying out roughly $769 million in taxes for the year, but $724 million of that will be in foreign taxes.
That’s according to an analysis of the online behemoth’s 2017 10-K form, which “provides a comprehensive overview of the company’s business and financial condition,” according to the Securities and Exchange Commission. Public companies are required to submit the form every year to the SEC in addition to quarterly updates (10-Q forms) and, when announcing major events shareholders should know about, the 8-K or “current report” form.
Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy, wrote about Amazon’s tax bill that won’t come due in a Feb. 13 blog post. Without being privy to the company’s tax return, no one can say exactly how CEO Jeff Bezos and Co. avoided what could have been more than $1.3 billion in federal taxes based solely on the annual financial report, but there is information to be gleaned.
www.sfgate.com/business/tech/article/Amazon-paid-no-US-income-taxes-for-2017-12713961.php
h/t User_Name13
A (((picture))) is worth a thousand words. They can lie, cheat and steal, but they can’t hide their identity.
STOP CALLING THIS PEDO SATANIST THE “RICHEST MAN ON EARTH”!
HE IS NOT.
HE IS A PAUPER COMPARED TO THE LIKES OF OTHER PEDO SATANISTS LIKE THE ROTHSCHILD AND ROCKEFELLER DYNASTIES.
THAT ASIDE, HE SHOULD HAVE ALL HIS WEALTH CONFISCATED AND HIS CRIMINAL COMPANY SMASHED INTO DUST AND THROWN TO THE WIND BEFORE IT IS TOO LATE AND THE DESTRUCTION OF THE MERCANTILE SYSTEM IS UPON US.
BINGO! I’ve read Rothschilds are worth about $400 Trillion to $500 Trillion.
Bezos is not the richest man on earth. Any member of the Rothschild family makes Bezos look like a homeless guy living under a freeway overpass. They have 300-500 trillion and spend Bezos type money just hiding it. https://uploads.disquscdn.com/images/8986c100a6812fc00309bf904e684a07c907b47a380db377768b422f68f795f3.jpg
Income taxes are voluntary.
Corporations don’t pay taxes! That’s just a part of their plan of deception. Corporations pass their costs onto you, the ignorant consumer that insists that corporations pay taxes. God, why do I have to live in this toilet bowl of ignorance? Please, please, please beam me up.
Jewish Organized Crime Members don’t have to pay Income Tax the the Jewish Organized Crime private collection agency.
Seriously, no one should ever do business with Amazon. Let the people in the countries that they pay taxes to buy their products.
The country ran for 200 years without an income tax. Why are people brainwashed into thinking that government is entitled to a part of a person’s income?