Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018
https://finance.yahoo.com/news/amazon-taxes-zero-180337770.html
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@kravietz Nothing wrong with this once you understand why. They got tax credit for significantly overpaying in the past, In fact in all likelyhood it is credit that they were finally able to get for their overcharge in 2014 (which was an absurd 91%).
/their tax rate is quite reasonable once you average it out over the last 5 years
@freemo Based on the data in the article the average over the last eight years is 16%. You may find this reasonable, I don't. Basic infrastructure in the US is falling apart because of the unwillingness to pay taxes.
https://www.businessinsider.nl/asce-gives-us-infrastructure-a-d-2017-3?international=true&r=US
Basic infrastrusture in the united states is falling apart because america wastes 80% of its extrodinarily high taxes on military so it can start wars.
I live in the netherlanda and we have a similar tax rate here and our infrastucture is top notch. Dont fall for that scam.
Also how did you calculate the average, you know you cant just add up the numbers and divide if you want honest answers right? Thats not how you qoukd calculate it.
@freemo In 2018 US was spending 3.2% of it's GDP on military expenditure according to SIPRI not 80%. It's
higher than the Netherlands but it doesn't account for the difference in infrastructure.
Tax revenue as % of the GDP was in 2015, 39.8% for the Netherlands and 27.1% for the US (https://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP). This was before Trump. I wouldn't call that similar.
So I maintain that US citizens and corperations should pay higher taxes.
@ericbuijs
I stated it was 80% of taxes not of gdp. Sounds like you are working in reverse, making a conclusion then trying to find the evidence after the fact. Thats not even remotely a useful measure.
@kravietz
