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For those wondering how amazon is able to do this it is from using excess stock-based compensation deductions and accelerated depreciation deductions. They also
by anonymous5133 8y ago
For those wondering how amazon is able to do this it is from using excess stock-based compensation deductions and accelerated depreciation deductions. They also have $600 million net operating losses being carried forward and $1.4 billion in tax credits resulting from R&D spending. The operating losses and tax credits can be carried forward to future years but eventually they will run out of them.
- jostmey 8y agoAnd despite these losses Jeff Bozo is the richest man in the world. Clearly these companies are abusing the tax laws to avoid paying their share of taxes. Amazon depends on the roads that our tax dollars fund. Amazon depends on intelligent people to run its business, funded by the US government through various mechanisms such as research grants. Amazon depends on the protection of the US military. Amazon and companies like Amazon need to pay their share
- ChrisLomont 8y agoAnd Amazon pays billions in property tax, SS taxes, and all sorts of other taxes, and generates billions more in income for workers. Their “share” is what the law says. I doubt many posters here pay more than required by law, and take tax breaks when applicable, from mortgage deductions, healthcare deductions, schooling deductions, etc.