John,

As Amazon kicks off its annual Prime Day shopping bonanza, raking in billions in sales, it's worth remembering how little this corporate behemoth actually contributes in taxes.

In the five years after the Trump-GOP tax cuts, Amazon reported a staggering $69.3 billion in U.S. profits. Yet the tech giant paid an effective federal tax rate of just 8.9%, less than half the official corporate tax rate of 21%. That's an estimated $1.5 billion tax cut that went straight into Amazon's pockets instead of funding vital public services.

But Amazon's greed doesn't stop there. The company spent $6 billion on stock buybacks to enrich wealthy shareholders and lavished $713 million on its top executives during that same period. Meanwhile, Amazon's median employee made just $34,200 in 2022.

Now, as a battle is beginning over whether to extend expiring parts of the Trump tax cuts that benefit the wealthy, Amazon is lobbying Congress for even more tax breaks.

The American people deserve to know: How much is Amazon spending to rig the tax code in its favor? Add your name to demand transparency from Amazon on its lobbying for tax cuts. The first step in making this corporate giant pay its fair share of taxes is to find out how much it’s spending to keep all its loopholes and special breaks.

ADD YOUR NAME

Amazon's tax dodging has real consequences for working families. Every dollar they avoid in taxes is a dollar that can't be invested in healthcare, education, infrastructure, and other vital public services.

Some of Amazon's most egregious tax maneuvers include:

Exploiting the "accelerated depreciation" loophole to slash its tax bill by $6.5 billion over five years
Paying $0 in federal taxes in 2017 and 2018 despite billions in profits
Using stock-based compensation deductions to avoid $1.1 billion in taxes

While Prime Day shoppers hunt for deals, Amazon is hunting for ways to keep gaming the tax system. We can't let them get away with it any longer.

Demand answers from Amazon and help protect our democracy from corporate tax dodgers. Add your name to call for transparency on Amazon's lobbying for tax cuts.

Together, we can build a tax system that works for all Americans, not just wealthy corporations.

David Kass
Executive Director
Americans for Tax Fairness Action Fund

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