Amazon has achieved record profits in 2018, but the company has reportedly not paid any federal taxes, meanwhile Bill Gates says that wealthy people like him should pay higher taxes.
It’s a tale of two tech titans, and their taxes. While tech innovator Bill Gates says he should be paying more taxes, Amazon is avoiding paying them altogether.
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Amazon has achieved record profits in 2018, but the company has reportedly not paid any federal taxes, according to a non-partisan tax policy group.
The Institute on Taxation and Economic Policy reports that while the online shopping giant raked in $11.2 billion in profits over 2018, it didn’t pay any federal taxes.
