Jeff Bezos says bottom half of earners should pay zero in income taxes

CNBC Top News ·

Jeff Bezos says bottom half of earners should pay zero in income taxes

Amazon executive chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners. The top 1% of taxpayers pay 40% of all the tax revenue, and the bottom half pay …

Amazon executive chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners. The top 1% of taxpayers pay 40% of all the tax revenue, and the bottom half pay 3%, Bezos told CNBC's Andrew Ross Sorkin on "Squawk Box." "I don't think it should be 3%," Bezos said. "I think it should be zero." Bezos said the income tax paid by lower earners is "a small amount of money for the government," and offered the hypothetical example of a healthcare worker who makes …

Original source: CNBC Top News

Mentioned

Washington · IRS · CNBC · Queens · Amazon · Democratic · Jeff Bezos · Tax Foundation · Andrew Ross Sorkin