Amazon and Taxes

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  • 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.