Democrats Can't Have It Both Ways wAMZN's Taxes

Democrats Can't Have It Both Ways wAMZN's Taxes

When reports come out about Amazon paying little to no taxes, it always creates some popular angst. At first glance, it appears corrupt or wrong to see such a large company paying less in taxes than average taxpayers. But Amazon reduces its tax liability by taking advantage of deductions that are good policy — in fact, Amazon's strategy of aggressively taking advantage of these deductions are proof that the deductions are having their desired effect in encouraging positive corporate behavior.

Joe Biden reignited the debate with a tweet directed at Amazon that stated that “no company pulling in billions of dollars of profits should pay a lower tax rate than firefighters and teachers.” Amazon quickly fired back,tweeting: “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.”

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