Difference between revisions of "Amazon and Taxes"
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* In 2020, Amazon Saved $639 Million Using Various Tax Credits | * In 2020, Amazon Saved $639 Million Using Various Tax Credits.<ref>https://itep.org/amazon-has-record-breaking-profits-in-2020-avoids-2-3-billion-in-federal-income-taxes/</ref> | ||
* Amazon Gave Employees Restricted Stock Grants, Which Allowed It To Take Tax Deductions. | * Amazon Gave Employees Restricted Stock Grants, Which Allowed It To Take Tax Deductions. | ||
* In 2020, Amazon Saved $1.8 Billion Using Tax Breaks For Stock Options. | * In 2020, Amazon Saved $1.8 Billion Using Tax Breaks For Stock Options.<ref>https://www.wsj.com/articles/does-amazon-really-pay-no-taxes-heres-the-complicated-answer-11560504602</ref> | ||
* From 2018 to 2020, Amazon Used Depreciation Breaks To Avoid Paying Taxes, Which Allowed It To Deduct The Costs Of Investments In Equipment More Quickly Than The Equipment Wore Out. | * From 2018 to 2020, Amazon Used Depreciation Breaks To Avoid Paying Taxes, Which Allowed It To Deduct The Costs Of Investments In Equipment More Quickly Than The Equipment Wore Out. | ||
* 2011 to 2016: Amazon Spent More Than $160 Billion On Investments, Which Allowed It To Reduce Upfront Taxable Income. | * 2011 to 2016: Amazon Spent More Than $160 Billion On Investments, Which Allowed It To Reduce Upfront Taxable Income. | ||
Latest revision as of 15:52, 23 February 2022
- In 2020, Amazon Saved $639 Million Using Various Tax Credits.[1]
- Amazon Gave Employees Restricted Stock Grants, Which Allowed It To Take Tax Deductions.
- In 2020, Amazon Saved $1.8 Billion Using Tax Breaks For Stock Options.[2]
- From 2018 to 2020, Amazon Used Depreciation Breaks To Avoid Paying Taxes, Which Allowed It To Deduct The Costs Of Investments In Equipment More Quickly Than The Equipment Wore Out.
- 2011 to 2016: Amazon Spent More Than $160 Billion On Investments, Which Allowed It To Reduce Upfront Taxable Income.
- 2018: Amazon Paid $0 In Federal Income Tax On More Than $11 Billion In Profits And Received A $129 Million Tax Rebate From The Federal Government.
- 2020: Amazon Owed $162 Million In Federal Income Taxes After Owing $0 From 2016 To 2019.
- From 2010 to 2019, Amazon’s Cash Tax Paid Amounted To 12.7 Percent Of Its Profits, Despite A Federal Headline Tax Rate Of 35 Percent In The United States For The Majority Of The Years Reviewed In The Study.
