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> One big point in the article was the option grants worth almost 1B. No. It was the source of a deduction. I don't even think you understand what the article

by jack9 9y ago

> One big point in the article was the option grants worth almost 1B. No. It was the source of a deduction. I don't even think you understand what the article says. From the article: > $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. > For example, Amazon took out a $917 million tax deduction on stock options exercised by current or former employees. Just the e-commerce (not counting AWS or any of the other markets) was 60.5 billion U.S. dollars in the 4th quarter of 2017 alone. So it would be smarter to figure out how they came to 5.6 billion. The FIRST 5.6 billion they made, they paid no taxes on. Meaning, they had deductions (for some market, since every amazon vertical makes more than that) which allowed Amazon to make 5.6 billion tax free. Pedantic would be saying it wasn't "nothing" or pointing out that there was a bunch of money they did get taxed on. I stand corrected, you're not being disingenuous. You're just willfully ignorant.

URSpider94 9y ago
You are confusing earnings and revenues. Amazon had revenues for its retail business of $60bn. But, in order to get that revenue, they spent a lot of money, maybe even more than that. The IRS doesn’t tax revenue, only profits - and Amazon’s profit last year was $5.6bn. And it seems like they may have paid $0 to the IRS in taxes, although they paid quite a bit to foreign governments, which is deductible.
IanDrake 9y ago
Ugh, seriously kid, I’m not sure I can argue with someone who doesn’t understand the difference between net sales (your 60B in 4Q17) and operating income. It must all seem like a vast capitalist plot to you and no one can tell you different.
- bonesss 9y ago
  > It must all seem like a vast capitalist plot to you and no one can tell you different. Just because people are ignorant doesn't mean there isn't a vast capitalist plot out there ;)

by jack9 9y ago

URSpider94 9y ago

You are confusing earnings and revenues. Amazon had revenues for its retail business of $60bn. But, in order to get that revenue, they spent a lot of money, maybe even more than that. The IRS doesn’t tax revenue, only profits - and Amazon’s profit last year was $5.6bn. And it seems like they may have paid $0 to the IRS in taxes, although they paid quite a bit to foreign governments, which is deductible.

IanDrake 9y ago

Ugh, seriously kid, I’m not sure I can argue with someone who doesn’t understand the difference between net sales (your 60B in 4Q17) and operating income. It must all seem like a vast capitalist plot to you and no one can tell you different.

bonesss 9y ago
> It must all seem like a vast capitalist plot to you and no one can tell you different. Just because people are ignorant doesn't mean there isn't a vast capitalist plot out there ;)