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re: Clipper's owner Ballmer is set to make $1 billion annually from Microsoft dividends
Posted on 12/28/23 at 12:28 pm to TigerintheNO
Posted on 12/28/23 at 12:28 pm to TigerintheNO
To put this into perspective for all the financial idiots - Ballmer is making $1B pre-tax (which he’ll pay 65%+ on) as a dividend return on $112B in Microsoft stock investments. That’s several times below a high yield savings account return, much less actual inflation. If the stock didn’t grow at all, he’d be losing his arse to inflation on that stock. This dividend is chump change for him
Posted on 12/28/23 at 4:23 pm to Upperdecker
quote:
Ballmer is making $1B pre-tax (which he’ll pay 65%+ on) as a dividend return
He most definitely will not be paying a 65%+ tax rate.
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