Tuesday, April 30, 2019

Trumpworld

Profitable Giants Like Amazon Pay $0 in Corporate Taxes. Some Voters Are Sick of It.
(New York Times)
     ...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, which is reported to be opening a center in an abandoned Akron mall that will employ 500 people, has become the poster child for corporate tax avoidance; last year it had an effective tax rate of below zero — receiving a rebate — on income of $10.8 billion.
     “Amazon, Netflix and dozens of major corporations, as a result of Trump’s tax bill, pay nothing in federal taxes,” Mr. Sanders said this month during a Fox News town hall-style event. “I think that’s a disgrace.”... (Continue reading)

1 comment:

Anonymous said...

One pathetic human being: do you think he'll received the Nobel Prize for Loser of the decade?

Roy's obituary in LA Times and Register: "we were lucky to have you while we did"

  This ran in the Sunday December 24, 2023 edition of the Los Angeles Times and the Orange County Register : July 14, 1955 - November 20, 2...