Bezos profits from the serious flaws in our Social Security system in two ways. Archives

daniel November 27, 2017November 28, 2017 97940 in Social Security Taxes, Amazon (NASDAQ: AMZN) CEO Jeff Bezos, Amazon (NASDAQ: AMZN) CEO Jeff Bezos may have had an income of $100.3 billion on 24 November 2017, Amazon Camper Force, Amazon CamperForce, Amazon gets a pool of desperate people to exploit at low wages, base Social Security payment that everybody would receive regardless of income, Bezos profits from the serious flaws in our Social Security system in two ways., Billionaires are People Too, Billionaires get Tax Breaks Seniors get Poverty, Camper Force, How Bezos Profits from Senior Poverty, How to Fix Social Security and Fight Income Inequality, Jeff Bezos is worth $100 Billion and he may pay $7, ollect the Social Security tax on all individual income, Social Security needs to be reformed now, What’s truly outrageous is that Bezos might pay just $7979.40 in Social Security taxes next year

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.