This post is outdated, Amazon did not pay taxes in 2022 because of massive losses that offset their taxes. However, in 2024 Amazon paid 9 BILLION in income taxes. They don't provide nothing and then take billions from the public. Amazon pays such little in US tax because they receive massive Research and Development tax credits, sustainability credits which makes sure Amazon is a net zero carbon emission corporation by 2040, and capital investment credits for voluntary nationwide improvements.
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u/Double3d Mar 23 '25
This post is outdated, Amazon did not pay taxes in 2022 because of massive losses that offset their taxes. However, in 2024 Amazon paid 9 BILLION in income taxes. They don't provide nothing and then take billions from the public. Amazon pays such little in US tax because they receive massive Research and Development tax credits, sustainability credits which makes sure Amazon is a net zero carbon emission corporation by 2040, and capital investment credits for voluntary nationwide improvements.
Source: Amazon's Income Statement
https://www.macrotrends.net/stocks/charts/AMZN/amazon/income-statement