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Message
re: IRS Billionaire leak: Bezos paid $0 in income tax, got a $4k tax credit for his two kids
Posted on 6/8/21 at 11:59 pm to Kujo
Posted on 6/8/21 at 11:59 pm to Kujo
I'm not sticking up for these guys, I'm sure they found ways.
But Bezos has never raised his salary at the company. It's not like he'd be paying a lot on his actual wages. Probably lower bracket than Biden.
People aren't going to read this and see their little graphic and not come to complete conclusions on how it works.
And things like lockdowns and shutting down pipelines get Bezos and Buffet more money. So there is that.
But Bezos has never raised his salary at the company. It's not like he'd be paying a lot on his actual wages. Probably lower bracket than Biden.
quote:
Under current U.S. laws, gains from these assets are not considered taxable income until they are sold.
People aren't going to read this and see their little graphic and not come to complete conclusions on how it works.
And things like lockdowns and shutting down pipelines get Bezos and Buffet more money. So there is that.
This post was edited on 6/9/21 at 12:07 am
3
Posted on 6/9/21 at 8:52 am to dgnx6
quote:
Under current U.S. laws, gains from these assets are not considered taxable income until they are sold.
Exactly.
Wtf do they expect, to tax people on unrealized gains? I know the answer is "yes", but it's hard to imagine someone being that stupid.
Posted on 6/9/21 at 9:44 am to dgnx6
quote:
But Bezos has never raised his salary at the company. It's not like he'd be paying a lot on his actual wages. Probably lower bracket than Biden.
True, but I think it was early last year that he cashed out about 4.5 billion on stocks. I don’t think people are going to feel a lot better when they find out he only payed less than 20% taxes on that.
Posted on 6/9/21 at 10:24 pm to dgnx6
quote:Exactly. People really seem to struggle with the idea of "worth" vs "rich". I stumbled onto a documentary about Elon Musk and the guy is worth a lot but is relatively cash poor. He'll, I think he's a fricking douchebag but Bezos took one hell of a hit with his divorce. That's some insanely expensive young pussy.
People aren't going to read this and see their little graphic and not come to complete conclusions on how it works.
This may be an unpopular opinion but taxing income and not worth rewards innovation/inventors vs those who inherit money/play the stock market game. If you want to see how people way back in the early 80s played the tax game take a look at how George Halas set up a ton of entities on the East Coast. He protected his daughter and her family of low rent bastards against the death tax. They'd have to sell the team just to pay on the capital gains ($100 franchise fee then => Billions now) if he hadn't paid some expensive wealth management consultants.
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