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by _edo 2459 days ago
> Amazon paid NO income taxes last year.

This is not true. They paid no federal income tax which is not the same as no income tax. In 2018 they paid $1.2 billion globally[0] and I don't understand how much they paid domestically because deferred income tax is confusing to me.[1]

Taxes are extremely complicated and a lot of people (politicians especially) will pick one or two numbers that support their narrative. They know most people won't spend the time researching the context surrounding their "statistics" and they also bank on how people will misunderstand what they're reporting.

You just said "NO income taxes last year." The people popularizing the "no federal income taxes" meme know a lot of people will think it means "no income taxes."

[0] - https://www.marketwatch.com/investing/stock/amzn/financials [1] - https://www.investopedia.com/terms/d/deferredincometax.asp