The state of Washington recently proposed a wealth tax that would oblige those with over $1 billion to pay 1 percent. According to those behind the bill, the wealth tax would combat inequality in the state’s tax laws.
Jeff Bezos, the founder of Amazon and the man reported to be the second richest person on Earth, would owe $2 billion in state taxes if Washington implements a wealth tax proposed earlier, according to a Tuesday report by CNBC, citing an assessment made by the Tax Foundation think tank.
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