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BeckyDem

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Gender: Female
Home country: USA
Member since: Thu Feb 9, 2017, 01:31 PM
Number of posts: 4,809

Journal Archives

Nate Silver @NateSilver538 Georgia postponing its primary from March 24 to May 19.

https://twitter.com/NateSilver538/status/1238953981197631488

Bernie Sanders @SenSanders Amazon paid $0 in taxes on $11 billion in annual profits.

https://twitter.com/SenSanders/status/1238638606257971200




Why Amazon paid no 2018 US federal income tax
Published Thu, Apr 4 20196:10 AM EDT
Andrew Davis



How Amazon paid $0 federal income tax in 2018

In 2018, Amazon paid $0 in U.S. federal income tax on more than $11 billion in profits before taxes. It also received a $129 million tax rebate from the federal government.

Amazonís low tax bill mainly stemmed from the Republican tax cuts of 2017, carryforward losses from years when the company was not profitable, tax credits for massive investments in R&D and stock-based employee compensation.

Jeff Bezosí company is not the only corporation getting money back from the federal government. For example, General Motors also reported a net federal income tax benefit in 2018. This also isnít exactly a brand-new trend. Companies as diverse as Southwest Airlines and Goldman Sachs have also reported similar benefits in certain years since 2008.

In a statement to CNBC, an Amazon spokesperson said, ďAmazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years.Ē The statement also mentioned Amazonís investment and job creation in the United States.

This issue came front and center on a local and state level in New York during the saga of Amazonís HQ2 hunt Ė with a groundswell of local opposition scuttling the deal.

All this begs the question: Does America have a corporate income tax problem?

https://www.cnbc.com/2019/04/03/why-amazon-paid-no-federal-income-tax.html

Bernie Sanders @SenSanders: Minimum weeks of paid medical leave for workers:

https://twitter.com/SenSanders/status/1238940941626605570

















Medicare for All 2020

Robert Reich @RBReich Why is it that the richest nation in the world can't get its act together

https://twitter.com/RBReich/status/1238504374025859072

For the love of humanity, IMPEACH TRUMP: Trump administration blocks states from using Medicaid

https://twitter.com/latimes/status/1238444058181132289

Bernie Sanders@BernieSanders Imagine having a government that fights for the needs of working people

https://twitter.com/BernieSanders/status/1238457651278774273











Medicare for All 2020

Bernie Sanders @BernieSanders I am honored to have the endorsement of Milwaukee's @AFTLocal212 .

https://twitter.com/BernieSanders/status/1238291946059313153

Bernie Sanders @BernieSanders We've been told over and over that Medicare for All is "too radical."

https://twitter.com/BernieSanders/status/1238260930733056000











Medicare for All 2020

Charles M. Blow @CharlesMBlow What?! Student loan debt, free public college, universal healthcare,

https://twitter.com/CharlesMBlow/status/1238293971622703105

"It's a human rights violation to not have healthcare" -12-year-old @BernieSanders

https://twitter.com/StatusCoup/status/1236759628412747776











MEDICARE FOR ALL 2020
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