Amazon’s economic impact in the U.S.

Over the past 25 years they have strived to continuously invent for customers, and during that time, with the support of customers, They have grown from a small startup to the second-largest private employer in the United States—and the fastest growing. As they begin a new decade of service to their customers, they wanted to share a snapshot of their job creation activities, tax profile, and significant investments in communities across the U.S.

Investing in innovation Amazon is investing heavily across the U.S. Since 2010, They’ve made more than $270 billion in investments in corporate offices, customer fulfillment and cloud infrastructure, wind and solar farms, eco-friendly equipment and machinery, and compensation to their teams. they invest in the development of technology at their Seattle headquarters, their new headquarters in Arlington, Virginia, and at their 16 tech hubs across America.These investments are accelerating, and they estimate that they have contributed an additional $168 billion to the U.S. GDP since 2010.

Job creation Over the last decade, no other U.S.-based company has created more jobs than Amazon. Their investments have led to the creation of over 2 million jobs in the U.S. they have more than 500,000 U.S. employees across 40 states and 250 counties. In addition, their investments have produced a ripple effect of more than 680,000 indirect jobs that help communities across the nation thrive. On top of that, They are supporting the rapid growth of small and medium-sized businesses (SMBs) to launch and grow by selling their products online. SMBs have created more than 830,000 jobs in communities across the U.S. as a result of selling on Amazon. In fact, SMBs from all 50 states that sell with Amazon are more than twice as likely to see 25-50% hiring growth compared to those that do not, according to research by IDC.

Amazon has a $15 minimum wage, and all of their employees receive quality benefits as they'll as access to a wide range of programs to learn new skills for in-demand jobs as part of Upskilling 2025, a $700 million commitment by Amazon to support all employees in gaining critical knowledge to move into higher skilled, better paying, technical or non-technical roles. Due in part to these programs and benefits, They are proud to have been recognized by LinkedIn as a top company to work for.

Their U.S. tax profile Like most governments that try to encourage economic investment by companies, the U.S. Congress has written a tax code that incentivizes the type of job creation, capital investment, development of technology, and employee ownership that Amazon does because these are critical drivers of a prosperous economy. they follow all applicable federal and state tax laws, and their U.S. taxes are a reflection of their continued investments, compensation of their employees, and the current tax rules.

A summary of Amazon’s 2019 U.S. taxes includes: Over $1 billion in federal income tax expense.More than $2.4 billion in other federal taxes, including payroll taxes and customs duties.More than $1.6 billion in state and local taxes, including payroll taxes, property taxes, state income taxes, and gross receipts taxes.Last year alone, Amazon collected and remitted nearly $9 billion in sales and use taxes to states and localities throughout the U.S. The recent enactment of “marketplace laws” by 40 states allows Amazon to legally collect state and local sales and use taxes on behalf of third-party sellers who sell their goods on their platform. They support marketplace laws and expect them to generate even more sales and use taxes in the coming years.

Supporting their communities In addition to creating quality jobs, investing in innovation, and paying taxes, They’re also dedicated to supporting communities across the country—from caring for the environment to building skills of the future and helping solve the challenge of homelessness. As part of their Climate Pledge, They’re working to reach the goals of the Paris Agreement 10 years early. They’re investing in 100,000 electric delivery vehicles, as well as $100 million in their Right Now Climate Fund to support nature-based climate solutions, as part of their plans to be net zero carbon by 2040.

They also are making significant investments and donations in programs like Amazon Future Engineer, a comprehensive childhood-to-career program aimed at increasing access to computer science education for children and young adults from underserved and underrepresented communities. The program is providing computer science classes to thousands of kids from underrepresented communities across the country and, each year, provides 100 students from underprivileged backgrounds with 4-year $40,000 scholarships to study computer science in college. They’re also committing over $130 million to address hunger and homelessness in Seattle, including building a unique, one-of-a-kind family shelter to sleep 275 moms, dads, and children every night built within Amazon’s Seattle office building set to open in early 2020.

They’re pleased to play a role in driving prosperity across the country, and they continue to be excited by the potential to continue to invest, invent, and create jobs and income in communities across the country.

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