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RE: Amazon Paid No Federal Taxes In 2017

in #news7 years ago

Bezos needs to pay his fair share!

I've been hearing numerous talking heads talk about Social Security running out. Bullshit! Just remove the social security tax caps, and make rich assholes pay their fair share.

Did you know the cutoff for social security tax is $127,200? If you make $127,200 you owe 6.2% of that in taxes, or $7886.40. But if you're Jeff Bezos, the owner of Amazon and richest man on earth, you made $40 Billion dollars last year, and you only had to pay $7886.40 in social security taxes, or .0000005% of his total pay.

Seems fair that you have to give up a notable 6.2% chunk of your pay, and Bezos and other billionares pay a half a millionth of a percent of their massive wealth that could feed and house the world just on the interest alone.