USA - Amazon Pays $0 Federal Income Tax Again

Arno Froese

Amazon, which doubled its profits and made more than $11 billion in 2018, won’t pay any federal income taxes for the second year in a row, the Institute on Taxation and Economic Policy reported.

The company will not be required to pay the standard 21 percent income tax rate on its 2018 profits, and is claiming a tax rebate of $129 million, which ITEP describes as a “a tax rate of negative 1 percent.”

Amazon drew ire in 2018 for not paying federal taxes on its $5.6 billion in profits the year before, which was made possible due to tax credits and stock-based compensation, reports Politifact. Last year was the first time Amazon paid no federal income tax whatsoever.

From 2011 to 2016, Amazon payed federal income tax at a rate of 11.4 percent—less than half of the national rate of 35 percent. Due to […] tax cuts, Amazon will pay any deferred or postponed taxes at the lowered rate of 21 percent rather than the previous rate of 35 percent, per Politifact.

Based out of Washington state, which has no income tax, Amazon has also been free from state filings on income.

-www.theweek.com, 13 February 2019

Arno's commentary

We are not tax experts; neither are we intending to change or influence government policy. After all, tax-exempt organizations are forbidden by law from being actively involved in political issues. However, what is important to us is Bible prophecy. The Bible makes it crystal clear that the world—and Amazon is a worldwide entity—will be extremely successful in the end stages of the end times. It is of interest that in the last book of the Bible, we read the word “fornication” repeatedly when speaking of political and merchandise leaders. One day, the whole global system will collapse. We read in Revelation 18:9-10: “And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning, Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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