Multi State – Amazon Paid A 1.2% Tax Rate On $13,285,000,000 In Profit For 2019


Last year, Yahoo Finance reported that Amazon (AMZN) paid a shockingly low amount in federal income taxes in 2018 on more than $11 billion in profits: $0.

But this year, while the company says it has paid “billions” in taxes for the year 2019, in reality it only paid $162 million in federal income tax — an effective tax rate of 1.2% on over $13 billion in profits. 

“We follow all applicable federal and state tax laws, and our U.S. taxes are a reflection of our continued investments, compensation of our employees, and the current tax rules,” Amazon wrote in a blog post on Jan. 31. 


For the Full Story: Yahoo Finance

Yahoo finance
by kristin Myers
february 5, 2020