Jeff Bezos Taxes

Amazon didn t pay anything in federal income taxes last year.

Jeff bezos taxes. Bernie sanders proposed wealth tax. And expends less energy being tax efficient paying its dues to state. Any stock he sells to create cash to spend on his lifesty. It s assumed that he does.

But you can t eat stock. According to fortune bezos famously decided to found amazon in washington state instead of the hot tech hubs of california and was perfectly happy to admit that he did it to dodge california s sales taxes. 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. As part of his presidential primary campaign and efforts to outflank the rise of sen.

Jeff bezos would pay about 9 billion in taxes this year under sen. Few people like paying taxes but even fewer can compare to jeff bezos in how frankly he speaks about his hard work to dodge them. To the extent that jeff bezos s net worth is tied up in amazon stock he doesn t have to pay any tax. Cnn business claimed that jeff bezos has made the same 81 840 salary for two decades.

This doesn t mean that bezos himself as a private citizen doesn t pay any taxes on his personal salary. 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. Well jeff bezos must be a genius if that s the way we measure smarts. Trump is wrong to say amazon doesn t pay sales taxes.

It does collect and remit sales taxes in every state that has one.