It appears that Amazon paid $0 in Federal taxes last year(2017) where their net profit was $5 billion.
The reason is Amazon's global headquarters are in Luxembourg which is a tax haven in Europe. I mean seriously I don't know how to react. There is a part of me which is learning how to get rich and stay rich and there is another part of me which is your average Joe.
The entrepreneur side is excited that one day i might be able to get away with something similar. While the Average Joe is appalled by the thought that I with a miniscule fraction of Amazon's profit(not revenue) have to pay these huge taxes.
Please watch the video by TYT and share your thoughts with me.
What the fish man!!! every year we get screwed by taxes ..so always common man is f** ed.. Always rich people get away with these things.
We will just keep watching theses, there is nothing common people can do.. So takeaway from this is once money start working for you, you get to keep everything.. Any how why to pay hardearned money to politicians trips
It's a classic example of Rich Dad Poor Dad in Practice. The rich are active people. Every minute they spend on how to make the system work for them. Be it creating corporations or tax havens. Kiyosaki always said that the rich will always work to make the most of every loophole. Now of course they are sponsoring politicians to create loopholes in the first place.