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 and 2018.
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 Donald Trump.
Oxford has partnered with pharmaceutical giant AstraZeneca in order to produce billions of doses. That means that, even though the vaccine is of little value, the government will purchase the billion doses and force everyone to accept them.
Over 700 looters were arrested, but more than 400 were immediately released without bail. It appears that city and state leaders have ordered police to stand down to encourage as much violence and destruction as possible to eventually justify martial law, which is the end game for ending America as a free nation.
In cities around the US, pallets of bricks have been delivered to riot locations. There is no construction in these areas, so it is logical to conclude that they are being provided for rioters to break windows. This is further proof of a well funded organized operation. These are not mere “protesters”.
Calling for stronger police and/or military response is exactly what the enemies of America want. Rather than calling for martial law, why don’t commentators call for putting the organizers of these riots into prison NOW? Can’t people see that they are professionals, not protesters?
Leftist college professors take to the media and Twitter accounts to voice their opinions, mostly sympathetic to rioters. They are using social media to promote and justify violence. The presidents and trustees of these universities have not objected to their rhetoric of hatred and violence.
This raises the question of whether police will have the power to forcibly enter a home and remove a lover from another address. This COVID Theater would be hilarious if it didn’t tragically affect so many lives.
Her arrest came as 47 NYPD vehicles were set on fire and damaged in Manhattan and Brooklyn. Rioters also were attacking police. An estimated 33 police officers were injured in the city. De Blasio’s daughter’s arrest came as he was urging protesters to return to their homes.
Trump has ordered the Pentagon to prepare the US military to deploy domestically inside the US. As the violence escalates, people will welcome the military. Minnesota is using ‘contact tracing’ techniques to track rioters – and then everybody.
Every state has plans for contact tracing. In Washington state, where contact tracing is said to be voluntary, non-compliant individuals may be sent to prison and fined up to $2,000 per day for non-compliance.
The NYPD said that several officers sustained injuries, including one who was struck in the head with a garbage can and another who was punched in the face. Protesters shut down the street around police headquarters in St. Louis, Missouri.
For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.
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.
There’s a new scandal quietly unfolding in Washington. It’s far bigger than Housing Secretary Ben Carson buying a $31,000 dinette set for his office, or former EPA chief Scott Pruitt deploying an aide to hunt
NY Governor Andrew Cuomo declared a state of emergency over the coronavirus this weekend and deployed the National Guard to establish a one-mile containment area in what he said was the “most significant cluster [of COVID-19 cases] in the country.”