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Amazon Replies After Joe Biden Claims Company Is Not Paying Its Fair Share


Added 06-14-19 12:08:02pm EST - “Amazon pushed back against Biden's assertions that the big tech company pays a lower tax rate than middle class workers.” - Dailycaller.com

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Posted By TheNewsCommenter: From Dailycaller.com: “Amazon Replies After Joe Biden Claims Company Is Not Paying Its Fair Share”. Below is an excerpt from the article.

Amazon pushed back Thursday against 2020 presidential candidate Joe Biden’s assertions that the big tech company pays a lower tax rate than middle class workers.

“We’ve paid $2.6B in corporate taxes since 2016. We pay every penny we owe. Congress designed tax laws to encourage companies to reinvest in the American economy. We have. $200B in investments since 2011 & 300K US jobs. Assume VP Biden’s complaint is w/ the tax code, not Amazon,” Amazon’s tweeted read Thursday.

The company was responding to a Biden tweet Thursday saying that “no company pulling in billions of dollars of profits should pay a lower tax rate than firefighters or teachers.” (RELATED: Here’s The Eye-Popping Amount Of Cash Google, Amazon And Facebook Dumped On DC Lobbyists In 2018)

FILE PHOTO: Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. REUTERS/Salvador Rodriguez/File Photo

He tweeted a link to a New York Times’ article suggesting the company pays very little in federal taxes. Amazon will pay $0 in federal income taxes for the second year in a row after its total profits doubled from $5.6 billion in 2018 to $11.2 billion in 2019, according to a February report from Institute on Taxation and Economic Policy report.

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