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Bezos backs zero tax
Amazon executive chair Jeff Bezos told CNBC’s “Squawk Box” that the bottom half of U.S. earners—those making less than roughly $54,000 per year—should owe nothing to the federal government, saying, “I don't want to reduce it, I want to eliminate it,” and arguing that the bottom 50% should pay 0% of federal income tax revenue instead of about 3%.
““I don't want to reduce it, I want to eliminate it,” Bezos told anchor Andrew Ross Sorkin.”
Bezos, who is described as the world’s fourth-richest person with a net worth estimated at approximately $270 billion, framed his argument as a “tale of two economies” in which higher-income Americans benefit while lower- and middle-income households struggle with inflation and elevated gas prices.
NBC News reported that Bezos accused politicians of villainizing the ultra-wealthy and using tax policy as a political wedge issue, while also saying “You could double the taxes I pay, and it’s not going to help that teacher in Queens.”
CBS News similarly reported Bezos’ position that the bottom half of U.S. taxpayers should pay no federal income tax, noting that the bottom half currently pays about 3% of federal income taxes and that the top 1% of households pay about 40% of federal income taxes.
Queens nurse becomes battleground
Bezos’ argument centered on a hypothetical “nurse in Queens,” with NBC News quoting him as saying, “How about we start by having the nurse in Queens not pay taxes?”
In the same CNBC exchange, he also said, “We shouldn't be asking this nurse in Queens to send money to Washington,” and added, “They should be sending her an apology. It really makes no sense.”
The dispute quickly drew a response from New York City Mayor Zohran Mamdani, who wrote, “I know a few teachers in Queens who would beg to differ,” after Bezos’ remarks.
CBS News reported that Bezos’ comments arrived as Democratic state and federal lawmakers renewed pushes for taxes on ultra-wealthy residents, while also noting that it was unclear which taxes Bezos was referring to.
Tax policy spreads across states
Beyond federal debate, the sources describe state-level movement toward taxing wealth, including a Washington state measure that a local Senate passed that would, if completed, be the first income tax enacted at the state level.
“the local Senate recently passed a 'millionaire tax' that would, if it completes its legislative journey, constitute the first income tax enacted in the United States at the state level.”
Challenges reported that Washington state lawmakers are preparing a “millionaire tax” despite Washington being one of the nine American states that do not levy an income tax, with the piece quoting John Braun saying, “This is what we are,” as the Republican leader in the state Senate.
In parallel, the federal conversation is tied to proposed changes such as Sen. Elizabeth Warren’s Act of 2026, which CBS News said would impose an annual 2% tax on households and trusts worth more than $50 million plus an extra 1% tax on billionaires’ wealth.
CBS News also said Sen. Cory Booker of New Jersey proposed eliminating taxes on the first $75,000 for households filing joint tax returns, while noting that under the federal income-tax system the bottom half of taxpayers—those making less than $53,801 annually—faced an average income-tax rate of 3.7% in 2023.
