Amazon Sees Massive U.S. Tax Reduction

After the July 2025 tax overhaul, Amazon reported its U.S. current tax expense fell to $1.2 billion in 2025 from $9 billion in 2024, while pretax U.S. profit rose 44.5% to $89.5 billion. The company credited full expensing and restored immediate R&D deductions for accelerating write‑offs and deferring tax payments, a shift that materially reduces near‑term federal receipts.