Amazon executive chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners.
The top 1% of taxpayers pay 40% of all the tax revenue, and the bottom half pay 3%, Bezos told CNBC’s Andrew Ross Sorkin.
“I don’t think it should be 3%,” Bezos said. “I think it should be zero.”
Bezos’ comments come as a number of Democratic states explore higher taxes on the wealthy.
In 2023, the average income tax rate was 14.1%, while the top 1% of taxpayers paid 26.3% on average, according to a Tax Foundation analysis of the latest IRS data.
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