Jeff Bezos Goes out On Top

Bezos is leaving as Amazon generates incredible amounts of cash. For instance, Amazon (AMZN) reported a quarterly operating cash flow of $30.431 billion on December 31, 2020. Additionally, Amazon reported a quarterly ending cash flow of $12.175 billion on the same day.

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Jeff Bezos is worth $100 Billion and he may pay $7,979.40 in Social Security Taxes

What’s truly outrageous is that Bezos might pay just $7,979.40 in Social Security taxes next year. The Social Security tax only applies to the first $128,700 a person makes, and as an employee of Amazon Bezos would pay a 6.2% Old-Age, Survivors, and Disability (OASDI) tax, the Social Security Administration (SSA) reported. According to the SSA 6.2% of $128,700 is $7,979.40.

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