Between 2014 and 2018, Bezos reported $4.22 billion income and paid $973 million in taxes. In that period, the Amazon founder and then-CEO’s wealth grew by $99 billion, according to the report.
“I think he doesn’t want the public talking about the fact that wealthy people should pay taxes on their earnings, just like middle-class people do, or that profitable corporations should pay taxes on their profits,” said Amy Hanauer of the Institute of Taxation and Economic Policy.
“I think it’s very appropriate for the White House to be talking about having a tax code that collects the resources that we need to get the kind of programs that we think are going to help the economy,” she added. Read more