March 22, 2018
Here’s a tidbit you may not have heard. Despite recording $5.6 billion in profits in 2017, Amazon paid zero in federal taxes, thanks to “various tax credits and tax breaks for executive stock options,” according to a new study.
Amazon, whose founder and CEO Jeff Bezos is now the wealthiest person in the world (his new worth of approximately $110 billion is about equivalent to the GDP of Morocco), estimates it will get nearly $800 million in additional tax relief from the new Republican tax bill.