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Mamdani fires back at Bezos over Queens teacher tax remark
New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers.
"You could double the taxes I pay, and it's not gonna help that teacher in Queens. I promise you," Bezos said in an interview on CNBC earlier Wednesday.
Mamdani responded on X: "I know a few teachers in Queens who would beg to differ."
He called for eliminating federal income taxes on the bottom half of earners, telling CNBC's Andrew Ross Sorkin on "Squawk Box" that the top 1% of taxpayers pay about 40% of all tax revenue, while the bottom half pay 3%.
Billionaire Jeff Bezos Says Bottom 50% Shouldn’t Pay Income Taxes
The lower half of earners in the U.S. should pay zero federal income tax, billionaire Amazon founder Jeff Bezos said on Wednesday, as some states have proposed additional taxes for the wealthiest citizens.
The bottom 50% of earners in the U.S. account for 3% of all tax revenue, Bezos told CNBC, adding, “I think it should be zero.”
The average income tax rate was 14.1% in 2023, and the top 1% of taxpayers paid an average rate of 26.3% while the bottom half—who earned about $24,500 on average in gross income—paid an average rate of 3.7%, according to an analysis of the latest IRS data by the Tax Foundation, a tax research think tank.
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Jeff Bezos torches Mamdani for pouring $43B into mismanaged NYC schools
Amazon founder Jeff Bezos torched Mayor Zohran Mamdani over the Big Apple’s sky-high school spending – touting that if his behemoth retail business ran like the city’s public school system, New Yorkers would be waiting weeks for their packages.
The billionaire on Wednesday ripped the democratic socialist mayor for dumping a record $43 billion into the mismanaged education system, fuming that New York City spends a whopping $44,000 per pupil – about 30% more than other major US cities – despite abysmal test scores and plummeting enrollment.
Bezos claimed that even doubling his billion-dollar taxes wouldn’t help a teacher in Queens – while Mamdani snapped back that he knows some educators who “would beg to differ.”
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