Meanwhile, back at the ranch, every middleclass working American is still paying social security taxes.
If you don’t see that the 2017 Tax Cuts and (LOL) Jobs Act was a wealth redistribution TO the rich, you’re just not paying attention.
If you don’t see that the 2017 Tax Cuts and (LOL) Jobs Act was a wealth redistribution TO the rich, you’re just not paying attention.
To all the commenters on this thread who are saying that OF COURSE Amazon paid federal taxes in 2018, I'm just gonna leave this here. Un-freakin-believable. (pg. 62 of the 10k)
@profgalloway
@profgalloway
@profgalloway Amazon: "We recorded a provisional tax benefit for the impact of the U.S. Tax Act of approximately $789 million."
That was the one-time benefit on their accumulated federal tax liabilities. The ongoing benefit is a reduction in the statutory rate from 35% to 21%.
That was the one-time benefit on their accumulated federal tax liabilities. The ongoing benefit is a reduction in the statutory rate from 35% to 21%.
