Jeff Bezos, the world's fourth richest man and Amazon founder, said low earners in the US should pay no tax, reports Business Insider. In an interview with CNBC, he reportedly slammed taxation on lower-income workers, using the example of a "nurse in Queens earning $75,000." "Why is a nurse in Queens who makes $75,000 a year paying more than $1,000 a month in taxes? That's $1,000 a month that could help with rent, groceries, or anything," he was quoted as saying.
"1% of taxpayers pay 40% of all the tax revenue; the bottom half pay only 3%. I think it should be zero," Bezos said in an interview with CNBC on Wednesday. "There's something very powerful about zero," he added.
