Bezos shot back later Friday with a tweet of his own claiming there is no link between inflation and corporate taxes.
“I don’t think any company, I don’t give a damn how big they are, the Lord Almighty, should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars,” Biden said. who was then running for president.
Previously, in the 2017 and 2018 tax years, Amazon’s financial filings showed that it did not owe money in income tax, and rather expected to receive a tax refund from the federal government.
Amazon said it paid $ 1.7 billion in federal income tax for the 2020 tax year and paid 1.8 billion in other federal taxes. It also said it paid 2.6 billion in state and local taxes.
– CNN’s Chris Isidore and Brian Fung contributed to this report.