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

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Elizabeth Warren’s Wealth Tax Would Cost Jeff Bezos $4.1 Billion in First YearThe 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. Almost all of Bezos’s net worth is tied up in Amazon stock, and such a tax bill could force him to sell some.