Jeff Bezos says bottom half of earners should pay zero in income taxes
Bezos said the bottom half of U.S. earners should pay no federal income tax, citing IRS data showing they pay 3% of revenue.
- Amazon founder Jeff Bezos called for the complete elimination of federal income taxes for the bottom half of U.S. earners, arguing that lowering the rate isn't enough and that "there is something very powerful about zero."
- Speaking in an interview with CNBC's Andrew Ross Sorkin, Bezos pointed out that while the top 1% of households contribute 40% of federal tax revenues, the bottom half pays about 3%, a share he believes should be completely wiped out.
- Bezos framed the proposal as an engine for upward economic mobility, stating that removing the tax burden from struggling families would ease financial strain and provide a better safety net to foster grassroots entrepreneurship.
- The billionaire stated that he intends to advocate publicly for the policy change, drawing a direct comparison to Amazon's early "free shipping" strategies to illustrate how dropping a financial barrier to absolute zero alters consumer behavior.
- The remarks come amid a broader national discourse surrounding tax reform, aligning conceptually with legislative proposals like Senator Cory Booker's "Keep Your Pay Act" which seeks to exempt initial brackets of middle and low-income wages from federal tax obligations.
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Jeff Bezos Calls for Zero Federal Income Taxes for Lower Earners
Jeff Bezos, Amazon’s founder. Credit: Seattle City Council / CC-BY-2.0 / Wikipedia Commons Jeff Bezos, executive chairman of Amazon, said Wednesday that the bottom half of U.S. earners should pay no federal income taxes at all, calling the current system unreasonable for workers under financial pressure. Speaking on CNBC’s Squawk Box from Blue Origin’s Florida facility, Bezos cited IRS data showing that group contributes just 3% of all federal i…
Amazon owner Jeff Bezos proposed in an interview that people stop paying federal income taxes in the United States
Jeff Bezos Says Bottom Half of Workers Should Pay No Taxes
(Washington, DC) – Jeff Bezos is calling for the bottom half of American workers to pay no taxes, arguing that the tax burden should be shifted away from lower-income earners. The comment adds a new wrinkle to the national debate over wealth, taxation and who should fund government spending. Bezos, one of the richest people in the world, has also pushed back on the idea that simply taxing billionaires more can solve every public policy problem. …
The founder of Amazon and Blue Origin announced that he would support such changes.
Fort Smith/Fayetteville News
Jeff Bezos says lower half of earners shouldn't pay any income tax
Jeff Bezos said he believes the bottom half of earners in the U.S. shouldn't pay any income tax. (AP Photo)
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