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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
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30667 posts
Posted on 12/28/23 at 12:28 pm to
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 by lynxcat
Member since Jan 2008
24235 posts
Posted on 12/28/23 at 4:23 pm to
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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