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

submitted 4 months ago* (last edited 4 months 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 10 points 4 months ago (1 children)

Time to fire more Amazon employees!

[–] errer@lemmy.world 3 points 4 months ago

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

[–] Alexstarfire@lemmy.world 1 points 4 months ago (1 children)

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

[–] stupidcasey@lemmy.world 1 points 4 months 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.