The new tax laws can be confusing, and if you read headlines on how big corporations are paying zero dollars in taxes for 2018, it can feel like someone got the short end of the stuck and that might have been you.
But, in business, the path to wealth requires that companies find money to make money and reinvest it into their business. With the need to increase wages so people can afford to pay rent, to expand jobs so that more people can re-enter the workforce, it’s likely that tax breaks for the largest companies in America will become trickle down into economic advancement for every day Americans.
In fact, under the Tax Cuts and Jobs Act (TCJA) Amazon, Netflix, IBM, Apple, and 60 other corporations have already begun to reinvest the gains into new ventures that look like a win for people looking for jobs. While the news reports Amazon will have paid zero dollars in taxes this year, there are few news sources stating how Amazon also created more jobs than any other company in the US since 2017, and in 2018 they opened 100,000 new jobs in America. The average Amazon warehouse employee makes $13.50/hour which is 30 percent more than others with the same title in the US according to the Department of Labor. Since Trump’s election, more than 15 companies have begun to reinvest in American-based manufacturing plants with up to 76,000 more jobs restored.