Jeff Bezos is the richest person in the world, with a personal net worth of $108 billion. In 2017, Bezos’ company, the internet retail giant Amazon, reportedly took in $5.6 billion in U.S. profits, and paid ZERO in federal income taxes with some help from the recent tax-bill.

https://splinternews.com/amazon-made-5-6-billion-in-profits-last-year-and-repor-1823329221 

Phil222 wrote:

I haven't heard or read any of this yet....but I'm surprised that any person or company has already reaped rewards from the tax bill....not impossible, I suppose, but what, in the bill was retroactive?

dstieger wrote:

I haven't heard or read any of this yet....but I'm surprised that any person or company has already reaped rewards from the tax bill....not impossible, I suppose, but what, in the bill was retroactive?

dstieger wrote:

anyone read the "Splinter article" ?

frankj1 wrote:

What did I miss? Not credible enough?

Here is their SEC filing data. Who is an accountant around here? Maybe someone can show me where they paid federal taxes..

https://www.sec.gov/cgi-bin/viewer?action=view&cik=1018724&accession_number=0001018724-18-000005&xbrl_type=v# 

And another oddball website covering the same story.

https://itep.org/amazon-inc-paid-zero-in-federal-taxes-in-2017-gets-789-million-windfall-from-new-tax-law/ 

Phil222 wrote:

anyone read the "Splinter article" ?

frankj1 wrote:

Get with the times, Frank... we want the clif notes version.

MACS wrote:

Yeah, Cliff's notes are probably better. Where is Cliff?

Phil222 wrote:

Cheers?

frankj1 wrote:

Why is anyone surprised that a corporation pays zero taxes? My law corp (PA) never paid a penny in taxes. All profits went to me as pay and there weren't any dividends paid.

rfenst wrote:

Cheers! 🍺 😁

RMAN4443 wrote:

Why is anyone surprised that a corporation pays zero taxes? My law corp (PA) never paid a penny in taxes. All profits went to me as pay and there weren't any dividends paid.

rfenst wrote: