Amazon doubled its profits in 2018, to $11.2 billion; the company will receive a $129 million tax rebate for the year.
Though Trump denounced Amazon's tax return, Amazon actually has Trump's tax deal, which handed massive breaks to America's richest people and corporations, to thank.
In contrast to Amazon's $129 million tax rebate, millions of Americans will not get their customary tax rebate this year, and many Americans will owe additional tax.
According to The Week, Amazon ended up paying an 11.4% federal income tax rate between 2011 and 2016, which is a contrast to the -1% rate this year.
Amazon has a history of avoiding various sales taxes and made headlines last summer after successfully convincing Seattle Mayor Jenny Durkan to repeal a tax that would have helped the city’s homeless population.
Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits [Laura Stampler/Fortune]
The Googler Uprising was a string of employee actions within Google over a series of issues related to ethics and business practices, starting with the company's AI project for US military drones, then its secretive work on a censored/surveilling search tool for use in China; then the $80m payout to Android founder Andy Rubin after […]
Workers say they’re underpaid and overworked, strikes planned for July 15th & 16th
Some 850 people in research labs across America will lose their jobs.
When it comes to passwords, there’s no such thing as paranoia. You want them secure and complex, and you definitely don’t want to repeat them on all your accounts. The trouble is, the internet seems to keep growing. And so do those accounts. Just one lockout from an important email or banking site is enough […]
With the rising temperatures on tap this summer, the climate is going to be a frequent topic of conversation, and those conversations won’t be happy ones. Luckily, there’s a way to do a little climate change of your own – in a safe and sustainable way. When it comes to personal air conditioners, EvaPolar is […]
Whether you’re using them for next-level selfies or steady tracking shots, gimbals are a must for anyone who wants to maximize the potential of these powerful smartphone cameras we’re all carrying around. But those smartphones are also supposed to be portable, and let’s face it: Gimbals tend to offset that advantage. Weighing in at just […]