Amazon Will Pay $0 in Federal Taxes on $11.2 Billion Profits (fortune.com)

Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00. From a report: According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won't have to pay a cent in federal taxes for the second year in a row. This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017 and 2018. To top it off, Amazon actually reported a $129 million 2018 federal income tax rebate -- making its tax rate -1%.

Comments

Re:ridiculous

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    Didn't Amazon not make profits for like the first 10 years or so of their existence? How much money did they spend building out their infrastructure?
  Don't they get to write off all those loses from capital investments over that period?

      I haven't reviewed there financial statements, but I can see how this would easily be true...