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Amazon nearly doubled its profits to $11.2 billion in 2018 from $5.6 billion the previous year and didn’t pay a single cent of federal income taxes.

• Rapzid 8y ago
  They will have paid a lot in payroll taxes and sales taxes. Their employees will have paid taxes on their income as well. I say this because when people make a simplistic statement about a company not paying much or any taxes on profits a lot of people are mislead into believing the company is somehow not contributing to government revenue. Which is obviously not the case at all.
  • chii 8y ago
    Why is personal taxes of the employee considered taxes paid by the company? If it's fair for a company to have the legal rights of a person, it's only fair they pay the same rate of taxes as a natural person. If the share holders of the company is legally indemnify against the debts/risks of the company, then they shall also pay their fair share of taxes, and should not deduct it from the already paid portion of company tax. So this way, if you want legal protection of a limited liability corp, you have to pay double taxes. But if you accept legal responsibility if the company, then you don't get double taxed.
    • Rapzid 8y ago
      I'm simply putting out there that a ton of the revenue Amazon takes in ends up as government revenue. I don't really have an opinion on anything else you're talking about.
  • masonic 8y ago
    The buyer pays the sales tax, not Amazon. Of course, even that assumes that Amazon properly forwards all the sales taxes they collect and don't keep any.
    • Rapzid 8y ago
      Amazon buys stuff.