Jeff Bezos pitches major US tax overhaul: 'Bottom half should pay 0%, not 3%'
New Delhi, May 21 -- Jeff Bezos on Wednesday called for eliminating federal income taxes for the bottom half of earners, noting that he would "advocate" for the proposal, but did not outline how such a sweeping tax overhaul could be implemented by lawmakers.
As CNBC's Andrew Ross Sorkin informed that 'top 1% of taxpayers pay about 40% of all the tax revenue, and the bottom half pay 3%', the Amazon founder said, that "I think it should be zero, and not 3%"
Bezos further asserted the income tax paid by lower earners is "a small amount of money for the government"
Exemplifying his proposal, Jeff Bezos pointed to a healthcare worker earning $75,000 a year, he said "We shouldn't be asking this nurse in Queens to send money to Washington,. T...
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