Bezos says bottom half of U.S. earners should pay no federal income tax
Jeff Bezos has proposed that the bottom half of U.S. earners should not pay any federal income tax, arguing that this could alleviate financial burdens and foster entrepreneurship. He emphasized that he wants to eliminate taxes for this group entirely, rather than simply reducing them. His comments come amid ongoing discussions about wealth taxes targeting the ultra-wealthy.
- ▪Bezos believes eliminating federal income tax for the bottom half of earners could encourage entrepreneurship.
- ▪Currently, the bottom half of U.S. taxpayers contributes about 3% of federal income taxes.
- ▪Bezos' remarks coincide with proposals from Democratic lawmakers for new taxes on millionaires and billionaires.
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MoneyWatch Jeff Bezos says bottom half of U.S. earners should pay no federal income tax .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 20, 2026 / 1:23 PM EDT / CBS News Add CBS News on Google Amazon founder Jeff Bezos told CNBC on Wednesday that the bottom half of U.S. earners should pay no federal income tax, arguing that eliminating those taxes could ease financial strain and encourage entrepreneurship.The bottom half of U.S.
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