Elizabeth Warren says Jeff Bezos 'forgot to thank all the working Americans who actually paid taxes

[Hoyt]

36. Amazon paid zero taxes. That's different from Bezos and millions of

stockholders. They pay taxes.

Under current tax laws, right or wrong, young companies get accelerated depreciation and deductions for research, etc. That stuff, we often call loopholes, has been approved and promoted by Democrats and GOPers over the years to spur jobs and the economy.

When those accelerated deductions fizzle out, Amazon will pay taxes, but perhaps offset by continued growth.

In the meantime, the US Treasury has collected tens of billions from stock sales, people who helped build Amazon (I’ll grant you some employees on the lower end did not fare as well) paying taxes, etc. And they built a damn delivery system that helped a lot of people during the pandemic.

Again, I’m for more Bezos, albeit taxed properly including a minimum tax for companies like Amazon.