With an estimated net worth of $267.3 billion, Jeff Bezoz said the income tax paid by lower earners was a small amount of money for the Government.
Worlds furth-richest man and Amazon founder Jeff Bezoz has called for zero federal income tax on the bottom half of earners in the US. in an interview with CNBC on Wednesday ( May 20), Bezos repeatedly criticized taxation on lower-income workers, using the example of a nurse in queens earning $75,000. One per cent of taxpayers pay 40 per cent of all the tax revenue the bottom half pay only three per cent. of all the tax revenue; the bottom half pay only three per cent. I think it should be zero said Bezos, adding: there’s something very powerful about zero. With an estimated net worth of $ 267.3 billion as of Wednesday, Bezos said the income tax paid by lower earners was a small amount of money’ for the Government, whilst offering a hypothetical example. You have a bunch of people in this country who a bunch of people in this country who are struggling, said Bezos.
Some people talk about making that tax system more progressive. how about we start more progressive. how about we start by having the nurse in queens we queens not pay taxes? Why is a nurse in queens who makes $75,000 a year paying more that $1,000 a month in taxes? that’s $1,000 a month that could help with rent, groceries, or anything, he added.
