Name:   GoneFishin - Subject:   Pay Your Tax This Year With A Smile Date:   2/16/2019 4:54:30 PM

I missed something in Trump's tax plan. I thought the reduction in the rate for Corporations also tightened up loopholes. Guessn I was wrong.

According to a report from the Institute on Taxation and Economic Policy (ITEP), Amazon (AMZN) will pay nothing in federal income taxes for the second year in a row.

Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal tax responsibility is 21% (down from 35% in previous years). But with the help of tax breaks, according to corporate filings, Amazon won’t be paying a dime to Uncle Sam despite posting more than a dime to Uncle Sam despite posting more than $11.2 billion in profits in 2018.

FYI