Elizabeth Warren’s Wealth Tax Would Cost Jeff Bezos $4.1 Billion in First Year

[Peter1469]

Elizabeth Warren’s Wealth Tax Would Cost Jeff Bezos $4.1 Billion in First Year

Do you think Bezos will stay in the US if this scheme is implemented?

Jeff Bezos, the world’s richest person, would have to pay $4.1 billion in the first year under U.S. Senator Elizabeth Warren’s soon-to-be proposed wealth tax, based on his current net worth of $137.1 billion.

The Amazon.com Inc. founder and the other 174 Americans on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people, would collectively owe $61 billion.


Warren, a Massachusetts Democrat, plans to propose a tax of 2 percent on those with assets of $50 million to $1 billion and 3 percent on all fortunes exceeding $1 billion, the Washington Post reported Thursday. The tax would raise $2.75 trillion over a decade from about 75,000 families, the newspaper said, citing an economist advising Warren on the plan.


Almost all of Bezos’s net worth is tied up in Amazon stock, and such a tax bill could force him to sell some. He currently has $2.5 billion of cash and other liquid assets, according to the Bloomberg wealth index’s net worth analysis. Bezos, 55, eventually may share the tax burden with his wife MacKenzie. The couple announced earlier this month that they plan to divorce.

[alexa]

Ask him.

[Peter1469]

Ask him.

I did. He told me to $#@! off.

I am just guessing what he would do.

[alexa]

I did. He told me to $#@! off.

I am just guessing what he would do.

I'd pay what amounts to less than 4% of my net worth to stay here; I think most people would.

[Peter1469]

I'd pay what amounts to less than 4% of my net worth to stay here; I think most people would.

I wouldn't. $4B for 1 year is ass rape X400.

And then again next year, the following year, and on and on.

[alexa]

I wouldn't. $4B for 1 year is ass rape X400.

And then again next year, the following year, and on and on.

You'll be missed.

[Lummy]

Here's an idea: Tax tech proportional to the amount of bugs, security breeches and associated costs they are responsible for except for their ridiculous template disclaimer.

[countryboy]

Elizabeth Warren’s Wealth Tax Would Cost Jeff Bezos $4.1 Billion in First Year

Do you think Bezos will stay in the US if this scheme is implemented?

He'd be an idiot to stay. Of course, the Democrats will probably pass a, "good luck trying to leave the country with your money", tax.

[Chris]

I did. He told me to $#@! off.

I am just guessing what he would do.

Or he would just deduct it from his employee's paychecks.

Or he would double down on automating jobs.

Or leave. Isn't that what happened in Seatle when the city decided to impose some sort of head tax on companies over a certain size, they threatened to move outside the city and the city threw in the towel.

[DGUtley]

Wealth Tax. Amazing.