Amazon is valued at $800 billion and almost doubled its profits between 2017 and 2018 from $5.6 billion to $11.2 billion, but the company will pay $0 in taxes, for the second year in a row. The Institute on Taxation and Economic noted that Amazon’s tax rate is a result of Trump’s tax cuts that decreased corporate tax rates from 35% to 21%, and failed to close a slew of tax loopholes that allow companies to avoid paying federal and state income taxes on almost half of their profits.
Amazon canceled its plans to expand to New York, which stood to gain 25,000 jobs and an estimated $27 billion in tax revenue over the next two decades. New York offered the company $3 billion in tax benefits to build a campus in the Long Island City neighborhood. Amazon supporters blame the New York State Senate for appointing a critic of the deal to a state board that had veto power, and the senate representative refused to even meet with the company.
Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00.
According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won’t have to pay a cent in federal taxes for the second year in a row.
This tax-free break comes even though Amazon almost
doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017
To top it off, Amazon actually reported a $129 million 2018 federal income tax rebate—making its tax rate -1%.
Amazon’s low (to non-existent) tax rate has been
chided by politicians ranging from Senator Bernie Sanders to President
Senator Rand Paul was criticized for questioning Health and Human Services nominee Dr. Rachel Levine, a male-to-female transgender person and pediatrician. Paul said that Levine has supported surgical destruction of minors’ genitalia and giving them hormone blockers to prevent puberty.
United Nations Secretary-General Antonio Guterres, a former Socialist Party prime minister in Portugal, called for a global coordinated action against the “grave danger” caused by “White supremacy” and “neo-Nazi” movements.
Attorney Reiner Fuellmich presented video from a whistleblowers who says that 31 residents suffering from dementia in a care facility in Germany were injected the Pfizer Covid-19 RNA vaccine that left eight dead, and 11 more with serious side effects. Some of the residents were vaccinated by force.
On January 6th, 2021, Ashli Babbitt was shot to death on January 6, 2021 in the Capitol building by a Capitol police officer. 50 days later, the officer was finally identified in photos before and during the shooting, but his name is being withheld from Ashli Babbit’s attorneys.
Sara Stickles, a 28-year old mother and healthcare worker at Swedish American Hospital, reportedly suffered a brain aneurysm and is now brain dead 5 days after receiving the second COVID injection from Pfizer.
Buffalo’s schools have high rates of failure. In fifth grade, only 18% of students are proficient in math and only 20% proficient in English. One-third fail to graduate from high school. In response, school administrators have not tried to improve academic achievement, but have launched an ant-racist training program.
Lawrence Paul Anderson was released early from prison in a so-called Criminal Justice Reform program. He is accused of killing his 67-year old uncle, stabbing his aunt in the eye and killing their 4-year old granddaughter. He is also accused of killing neighbor Andrea Blankenship and cutting out her heart.
If you believe in taking from the rich to give to the poor, then you have just bought into the prime slogan of Socialism and Communism. It’s a bad idea even if it is against someone you dislike. Why? Because there are hundreds of millions of people in the world who consider YOU to be rich. – and you will be next.
Merrick Garland said that his personal definition of domestic terrorism is the use of violence or threats of violence to interrupt the democratic process, therefore, attacks on buildings at night don’t count.
Tennessee lawmakers proposed legislation would keep stores, restaurants, movie theaters, gyms, and any other form of business from requiring the wearing of masks or requiring proof of vaccination in order to obtain services.
No one has been charged with possessing or using a gun inside the Capitol. Furthermore, the violence was perpetrated, not by genuine Trump supporters, but by Antifa types who were bused to the event and who were seen putting on MAGA hats and T-shirts in the parking lot.
Justice Thomas wrote: “The decision to leave election law hidden beneath a shroud of doubt is baffling. By doing nothing, we invite further confusion and erosion of voter confidence. Our fellow citizens deserve better and expect more of us. I respectfully dissent.” Justices Kavanaugh and Coney-Barret voted with liberals.
Florida Governor Ron DeSantis announced a new election-integrity reform package to safeguard his state’s elections. The set of reforms would do away with unsolicited mail-in voting, crack down on insecure ballot drop boxes, and ban ballot harvesting in Florida.
The pattern of calling the Capitol incident an armed insurrection is a gross mischaracterization of what actually happened. False narratives are being used to militarize Washington, DC. Both parties are still exploiting it for a new domestic War on Terror. And the FBI is on the prowl for so-called dissidents.
People will have to carry a certificate of vaccination, known as a ‘green badge.’ Masks are still in place for everyone. Yuli Edelstein, the health minister, says: “Getting vaccinated is a moral duty. It is part of our mutual responsibility.” His mantra is: “Whoever does not get vaccinated will be left behind.”
50 people have died in Texas due to a cold snap that caused loss of electricity after wind turbines locked up, pipes froze in natural gas plants, and a nuclear reactor went dark when a five-foot section of uninsulated pipe seized up. In short, Texas power producers failed to adequately winter-proof their systems.
While Australia considers a law requiring tech companies to pay for news content, Facebook responded by blocking users from reading or sharing news about Australia. A critic pointed out that the blackout is a stark reminder of the power the tech giants have over what people see.
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Five years ago, Whole Foods announced it would require stringent mandatory labels on GMO products. In addition, animal products would require disclosure on whether animals had been raised on GMOs. This would have forced almost all food producers to label their products. Amazon acquired Whole Foods almost a year ago and they are now going back on their promise to label GMOs, waiting for the government to come up with a policy that is confusing and imprecise, and requires a SmartPhone to read.
Amazon, Starbucks and other large employers were able to pressure Seattle’s City Council into overturning the socialist “head tax” of $275 on each employee per year that was expected to raise $50 million per year. The money was to help the growing homeless population. Amazon has more than 45,000 employees, and the tax would have cost the company $12,375,000.
While Bill Gates was spreading panic over the coronavirus and pushing for a 3-month lockdown, the Bill and Melinda Gates Foundation was buying up tech stock, such as Apple, Amazon, Google-parent Alphabet, and Twitter, all of which did a booming business during the lockdown.