Amazon Will Pay $0 In Federal Income Taxes For The Second Year In A Row

(The Week) - Amazon which doubled its profits and made more than $11 billion in 2018 wont pay any federal income taxes for the second year in a row the Institute on Taxation and Economic Policy reported on Wednesday. The company will not be required to pay the standard 21 percent income tax rate on its 2018 profits and is claiming a tax rebate of $129 million which ITEP describes as a a tax rate of negative 1 percent. Read More