Jeff Bezos Pay Income Tax

Jeff bezos would pay about 9 billion in taxes this year under sen.

Jeff bezos pay income tax. These figures demonstrate how unfair our tax system is working families are forced to fork over 6 2 or 12 4 of their income while billionaires get a 100 tax break on most of. It s no secret that there is a lot of controversy over amazon s lack of income tax payment and what that says about. 18 2020 at 8 41 a m. 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. Jeff bezos the richest person in the world has made the same 81 840 salary for two decades. Bezos doesn t pay tax on his stock because at this time amazon doesn t pay a dividend of any sort not even to preferred shares afaik. While bezos has not disclosed his personal tax bill the billionaire would pay roughly 6 billion a year under warren s proposed wealth tax and 9 billion under sanders proposal.

He earns a comparatively small salary and only pays tax on stock if he sells it in the form of capital gains tax not income tax. That means bezos would pay 15 985 80 in oasdi tax if he was self employed. 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. This article is more than 8 months old stefan stern if the amazon owner wants to give something back he could look.

This also isn t.