Amazon will pay $0 in federal income taxes on $11.2 billion in profit..AOC asks WHY

[at140]

76. IRS gives tax credit to INDIVIDUALS for

going to college for 4 years. It is specifically individual based. One can't keep changing colleges and get that tax credit after it has been used for 4 years.

I understand completely it is very hard to start a small new business and be profitable immediately.
So I have no problem giving an individual 4 years exemption form tax based on revenue. Every person deserves support to start a business. But it should be good for only 4 years total no matter how many more businesses the same individual starts.

My problem is with companies with GE & Amazon and many others, who are notorious for low taxes. Amazon is so much bigger now than it was just 7 years ago, that it is hard for me to believe they lost anywhere near the amounts they are making now. My guess is they are getting tons of write offs for building new warehouses and other things.

Keep in mind, the tax I am talking about is based on revenues, such as 5% of gross revenues. That would eliminate income tax based on profits with a myriad of write-offs and loopholes. I hate to guess how man-hours are spent by IRS to audit taxes of a behemoth corporation going through thousands of write-offs and checking each one for accuracy. So much cleaner to compute tax based on revenues. Simple as sales tax.