X @Ansem

RT anand iyer (@ai)Amazon made $90B in profit in 2025 and paid $1.2B in federal taxes, down 87% from the year before. The driver: accelerated depreciation on their $131B in capital expenditure. When you're building data centers at this scale, the tax code effectively subsidizes your buildout. Every major hyperscaler is now in the same position. The companies investing the most in AI infrastructure get the largest depreciation shields, which frees up more capital to invest even more. It's a compounding loop ...