fbpx
Big Law

Profitable Giants Like Amazon Pay $0 in Corporate Taxes. Some Voters Are Sick of It.

Colin Robertson wonders why he pays federal taxes on the $18,000 a year he makes cleaning carpets, while the tech giant Amazon got a tax rebate.

It’s a topic that several presidential candidates, led by Senators Bernie Sanders and Elizabeth Warren, have hammered recently as they travel the campaign trail, spurred by a report that 60 Fortune 500 companies paid no federal taxes on $79 billion in corporate income last year. Amazon is the poster child for corporate tax avoidance; last year it had an effective tax rate of below zero — receiving a rebate — on an income of $10.8 billion.

Read the source article at The New York Times

Leave a Review or Comment

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close