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Amazon's Tax Bill Plunges 87% After Tax Cuts (slashdot.org)

submitted 1 month ago* (last edited 1 month ago) by BrikoX@lemmy.zip to c/usa@midwest.social

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Republicans' tax cuts shaved billions off Amazon's tax bill, new government filings show. The company says it ran a $1.2 billion tax bill last year, down from $9 billion the previous year, and even as its profits jumped by 45% to nearly $90 billion.

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[–] supersquirrel@sopuli.xyz 7 points 1 month ago (1 children)

Time to fire more Amazon employees!

[–] errer@lemmy.world 2 points 1 month ago

It’s how Amazon helps their employees pay less income taxes!

[–] Alexstarfire@lemmy.world 1 points 1 month ago (1 children)

It'll trickle down any day now....

[–] stupidcasey@lemmy.world 1 points 1 month ago

Trickle down to who? They don't even keep the money in this country anymore if it does trickle down it will end in the Cayman Islands or Switzerland or Epstein Island.