Jeff Bezos Would Owe $2 Billion a Year If Washington Passes Proposed Wealth Tax

Jeff Bezos Would Owe $2 Billion a Year If Washington Passes Proposed Wealth Tax
Amazon CEO Jeff Bezos is seen on a screen as he testifies before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law on "Online Platforms and Market Power" in the Rayburn House Office Building on Capitol Hill in Washington, on July 29, 2020. Mandel Ngan/File Photo/Pool via Reuters
Zachary Stieber
Zachary Stieber
Senior Reporter
|Updated:

Amazon founder Jeff Bezos, one of the richest men in the world, would owe some $2 billion a year in state taxes if Washington state legislators pass a proposed wealth tax.

The bill (pdf) would impose a one percent tax on financial intangible assets, exempting the first $1 billion of assessed value.
Zachary Stieber
Zachary Stieber
Senior Reporter
Zachary Stieber is a senior reporter for The Epoch Times based in Maryland. He covers U.S. and world news. Contact Zachary at [email protected]
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