Bezos's Billionaire Blindspot Jeff Bezos's proposal to exempt the bottom half of earners from federal income taxes has sparked outrage and bewilderment.
This reaction is predictable, given Bezos's estimated $280 billion net worth and his history of using tax strategies that have significantly reduced his own tax burden in certain years.
Bezos argues that the bottom half of earners pay only 3% of all federal income taxes, despite contributing a significant share to adjusted gross income.