Jeff Bezos Personal Income Tax Rate

Bernie sanders proposed wealth tax as part of his presidential primary campaign and efforts to outflank the rise of sen.

Jeff bezos personal income tax rate. The oasdi tax rate for the self employed is 12 4 but the taxable income is capped at 128 700. Jeff bezos a plumber in queens has to pay a lot of taxes. Federal income tax state income tax city income tax self employment tax metropolitan commuter transportation mobility tax. Not to mention the other new taxes warren plans for the rich which includes taxing capital gains at.

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. This doesn t mean that bezos himself as a private citizen doesn t pay any taxes on his personal salary. Cnn business claimed that jeff bezos has made the same 81 840 salary for two decades.

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 their income. It s assumed that he does. That means bezos would pay 15 985 80 in oasdi tax if he was self employed. Jeff bezos would pay about 9 billion in taxes this year under sen.

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. The company described itself as the largest job creator in the u.