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GoFundMe campaign casts shade on Jeff Bezos for cause
ProPublica Obtained 15 Years Of IRS Tax Returns From Richest Americans revealing how little taxes they pay compared to their immense fortunes. Jeff Bezos notably stood out for the collection of the Child Tax Credit which is designed to help reduce child poverty. The credit begins to gradually disappear for individuals who earn more than $ 200,000 per year, $ 400,000 for married couples, until those earning more than $ 227,000, or $ 454,000, are not eligible.
According to PorPublica Reports, in 2011, a year in which his fortune remained roughly stable at $ 18 billion, Bezos filed a tax return stating that he had lost money and received a tax credit of $ 4,000 for his children.
Using Bezos’ collection of this credit as a rallying cry, Rebecca Gowland created a GoFundMe page to raise funds for the Fight Inequality Alliance, a global movement to counter the excessive concentration of power and wealth in the hands of a small elite and achieve a just, equal and sustainable world.
Congressional Democrats have dramatically widened the credit for 2021, and the improvements could cut child poverty in half. Monthly credit down payments will begin July 15. For families who would prefer to claim the full credit of $ 3,000 or $ 3,600 per child next year, they can opt out of the advance payments.