Amazon founder Bezos says lower earners should pay no federal income tax (opens in new tab)

Amazon founder and executive chairman Jeff Bezos said Wednesday that the bottom half of U.S. earners should pay no federal income tax, arguing in a CNBC "Squawk Box" interview that they account for only a small share of federal income-tax revenue. He said the bottom half pays about 3% of income-tax revenue and that its share should be zero; Tax Foundation data cited in the reports put the bottom-half adjusted-gross-income cutoff at roughly $53,801 to $54,000 in 2023 and its share of federal i...