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This chart makes a pretty compelling argument that the federal corporate tax code is broken. Amazon paid no federal taxes on profits of $11 billion last year. washingtonpost.com/us-policy/2019… 
The company’s effective federal tax rate was actually -1% — they received a rebate of over $100 million despite having no taxes to pay. By contrast, the poorest 20% of households pay an effective federal tax rate of about 1.5% washingtonpost.com/us-policy/2019…
It’s not just Amazon. Huge, profitable companies write their tax burdens down to 0 all the time thanks to the dizzying array of breaks and loopholes available to them in the tax code. washingtonpost.com/us-policy/2019…
Had Amazon paid the full statutory rate they would have had a $2 billion tax bill. In a deficit spending environment like ours, the money that Amazon isn’t paying will eventually have to get paid by someone. washingtonpost.com/us-policy/2019…
As you file your federal tax returns this year, stop to consider that you paid more federal taxes than one of the largest, wealthiest and most profitable companies in the world, and that this is not an accident. washingtonpost.com/us-policy/2019…
Addendum: since folks are asking, the primary way Amazon reduced its taxes last year was via the tax break for executive pay in the form of stocks. That shaved about $1 billion off its tax bill. Much of the rest is from R&D credits and asset depreciation. washingtonpost.com/us-policy/2019…
It's amazing to me, the sheer number of people diving into my mentions to say no, actually it's just and fair and good that a company can rake in $11 billion in profits without paying taxes. Shows just how effective GOP tax messaging has been.
