While the average US worker pays a tax rate of 22%, Amazon’s federal tax rate last year was just 9%, despite earning a record $20 billion in US profits.
According to Oxfam calculations, if Amazon paid the current US corporate tax rate of 21% it would pay an additional $2.5 billion in taxes a year—enough to provide Supplemental Nutritional Assistance Program benefits (SNAP) to 1.7 million Americans facing hunger. A 3% wealth tax on Jeff Bezos alone would generate $6 billion in revenue from his $198 billion fortune, enough to provide childcare to every child under 4 in Amazon’s home state of Washington – 440,000 children. Finally, a pandemic profits tax on Amazon would yield $11 billion in additional revenue, enough to vaccinate 580 million people around the world.
— source oxfamamerica.org | May 12, 2021