Jeff Bezos No Income Tax

Profits in 2017 but despite that the company essentially paid 0 in federal income taxes.

Jeff bezos no income tax. It s no secret that there is a lot of controversy over amazon s lack of income tax payment and what that says about. Amzn 0 42 ceo jeff bezos the richest individual on the planet and whose wealth has risen 63 during the pandemic to more than 190 billion would pay a one time tax of 42. Jeff bezos company is not the only corporation getting money back from the federal government for example general motors also reported a net federal income tax benefit in 2018. 18 2020 at 8 41 a m.

Jeff bezos spent more on this house in beverly hills than amazon has paid so far in federal corporate income tax for 2019 published. According to the institute on taxation and economic policy it was at 11 from 2011 to 2016 which was apparently too much for owner jeff bezos s tastes amazon s 2018 income tax rate plummeted. After two straight years of paying 0 in u s. Billionaire jeff bezos new home is literally one for the record books but it does have people wondering.

Does he have to pay taxes on the property. This also isn t. Why doesn t jeff bezos pay more tax instead of launching a 10bn green fund. Jeff bezos the richest person in the world has made the same 81 840 salary for two decades.