Jeff Bezos says low earners in the US should pay zero tax - Business Insider
Jeff Bezos, the founder of Amazon and the fourth-richest man in the world, says low earners in the US should pay no tax."1% of taxpayers pay 40% of all the tax revenue; the bottom half pay only 3%. I think it should be zero," Bezos said in an interview with CNBC on Wednesday."There's something very powerful about zero."During the interview, Bezos repeatedly criticized taxation on lower-income workers, using the example of a "nurse in Queens earning $75,000."Speaking from his Blue Origin rocket facility in Florida, Bezos said the US in 2026 is a "tale of two economies.""You have a bunch of people in this country who are doing really well, but you also have a bunch of people in this country who are struggling," Bezos said.He was nodding to the current K-shaped economy: many wealthy Americans have benefited from a prolonged stock-market boom and surging real estate prices in recent years, while others have been squeezed by stubborn inflation, onerous interest rates, and an affordability crisis."Some people talk about making the tax system more progressive," Bezos said.
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