A whopping 1.2%.

And another $914 million deferred to a later date.

https://www.cnbc.com/2020/02/04/amazon-had-to-pay-federal-income-taxes-for-the-first-time-since-2016.html

Sanders is probably referring to 2018.

Of course, $162 million is still just a fraction of the $13.9 billion in pre-tax income Amazon reported for 2019 — roughly 1.2%, in fact.

Sanders should update his numbers.

"roughly 1.2%"

Yes, that was noted in my post.

....he never says which kind of tax.

is very common in the hospital industry. Not just for when people are sick, but other times they need to be off work for awhile also.

dependent on the charity of others. Bezos and the Whole Foods CEO should be condemned for even suggesting it.

I just think it's a nice thing to do for a friend. There is nothing wrong with that and to say someone should be condemned for suggesting it is mean spirited. There is nothing wrong with charity. The government is not going to do everything for you.

Not unless it is demanded from them, and there is everything wrong with making excuses for it. They will continue to increase the profits of people like Bezos, without workers rights, that is the government doing everything against you.

This is why your candidate is losing big time.

Have a great day.

...the last company I worked for before I retired allowed employees to trade sick time for vacation time - two days for one vacation day.

When talking about "paid leave" Senator Sanders isn't one to speak - he's worked in his job as Senator only five days since last JUNE (that's almost nine months) while collecting his full pay and benefits.

I had a lot of sick leave built up when I was younger so I was glad to donate PTO when one of my colleagues developed kidney problems.

....speaking engagements. By law he couldn't get any of the ticket revenues, but the promoter offered a free Sanders book to everyone who bought a ticket.

He also ran a promotion himself several months ago offering a free book for a donation to his campaign.

Who paid for those books? Who received royalties on those book sales?

No, this is NOT "lol"-worthy.

As for the initial premise to which you responded, Sanders sells all his books on Amazon, as well as his campaign selling dozens of other campaign trinkets - hats, tshirts, mugs, stickers, magnets, lawn signs, bobble-head dolls, even chia pets!

Amazon is bad, except when it isn't.

republican bill, but what were their taxes BEFORE that bill? According to this, it looks like they weren't paying much before, either.

https://www.washingtonpost.com/us-policy/2019/02/16/amazon-paid-no-federal-taxes-billion-profits-last-year/

Studies show that many corporations rarely paid the 35 percent rate under the old tax code. Over the years, companies found many ways to cut their tax bills, from sheltering foreign earnings in low-tax countries and banking credits for money spent on research and development to deducting the expense of stock options for executives.

https://publicintegrity.org/inequality-poverty-opportunity/taxes/trumps-tax-cuts/you-paid-taxes-these-corporations-didnt/

In the development stage, Amazon had amassed billions in losses which can be legally carried forward 15 years as "Net Operating Loss" carryovers or NOL.

They are entitled to the deduction which wiped out their current year income.

Next year, they won't have that deduction and they will pay like every other corporation.

This is much ado about nothing -- only to enrage revolutionaries.

If a poor person opened a hot dog stand and lost $500 in first year and made $500 the next year, the losses are still allowed to be deducted and that person will pay $0 in taxes as well.

I don't see how that is any different. I don't hate the rich who abide by the law.

to disallow deductions which are allowed for the rest?

It will be challenged in courts and you'll lose.

for C corps.

I don't have a problem with tax credits in all cases, but I do have a problem with refundable tax credits for corporations that pay no federal income tax.

These big corporations are protected by our military, use our infrastructure and in some cases their low and/or part time wages are subsidized by the taxPAYERS in the form of SNAP, Medicaid and subsidized housing. If you have billions in profits, pay some income taxes dammit.

in the House or the Senate?


EVER???