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The Market Ticker – On This Tax Day….

Sunday, April 15, 2018 4:09
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make sure you lift a glass to Beelzebezos and Donald J Rump.

Amazon (AMZN.O) received a $137 million federal rebate on $5.4 billion in U.S. profits, resulting an effective tax rate of negative 2.5 percent, by using a tax break that allows companies to write off the value of executive stock options, according to ITEP.

That’s right — last year Amazon was paid by the US Treasury (that’s you!) to operate.  They had a negative 2.5% tax rate; the government literally gave them $137 million…….

(Click link to read more)



Source: https://www.market-ticker.org/akcs-www?post=233334

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