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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
For roughly 76 million American households, federal income taxes could eventually disappear—if a proposal by billionaire Amazon founder Jeff Bezos ever becomes reality.
The now Blue Origin owner argued in a recent interview with CNBC that the bottom half of U.S. earners should pay no income tax, saying that working Americans shouldn’t be placed under increased financial pressure, considering they contribute a relatively small share of total tax revenue anyway.
“The bottom half of income earners in this country pay only 3% of the taxes,” Bezos said. “I think it should be zero.”
To make his case, Bezos questioned why a hypothetical healthcare worker as an example: “Why is a nurse in Queens who makes $75,000 a year paying more than $1,000 a month in taxes?”
Mamdani fires back at Bezos over Queens teacher tax remark
New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers.
"You could double the taxes I pay, and it's not gonna help that teacher in Queens. I promise you," Bezos said in an interview on CNBC earlier Wednesday.
Mamdani responded on X: "I know a few teachers in Queens who would beg to differ."
He called for eliminating federal income taxes on the bottom half of earners, telling CNBC's Andrew Ross Sorkin on "Squawk Box" that the top 1% of taxpayers pay about 40% of all tax revenue, while the bottom half pay 3%.
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