I kilt the thread....nice.
Last piece of info for the simpering semp.
Yes, Amazon took advantage of tax credits offered the several years prior to 2019. One of the primary reasons these credits were given was for Amazon's ongoing MASSIVE investment in capital assets and job creation. One of the main targets in their biz model is having shipping warehouses EVERYWHERE. They built three in my area. Huge infusion of dollars for local contactors, etc and tons of new jobs for blue collar, transportation and white collar. It's an amazing method and obviously works. They spent those billions on projects that benefit Americans. Your government allows these credits.
In 2019 their stated book profit (completely different than the real accrual numbers) was 10 bill or so. Fed tax should have been 2 bill. Using up the declining credits, they only incurred 1 bill in tax liability. Which is a real federal tax expense. You'll bitch saying they've only PAID 200 mill. That means they OWE 800 mill, and WILL PAY that 800 mill, and as a bonus, are incurring interest charges in the meantime. So....anyway....
On we go.....
