Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.
That's because Bezos's net worth is in imaginary money. His actual income from Amazon was only like $80k a year.
Unrealized gains shouldn't be taxed unless they're being used as collateral to get real money.
Dude, I'm on 80k a year. Pretty sure I couldn't afford a gazillion-dollar wedding in Venice
That would be the "unless it's used as collateral to get real money." part
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That's because Bezos's net worth is in imaginary money. His actual income from Amazon was only like $80k a year.
Unrealized gains shouldn't be taxed unless they're being used as collateral to get real money.
Dude, I'm on 80k a year. Pretty sure I couldn't afford a gazillion-dollar wedding in Venice
That would be the "unless it's used as collateral to get real money." part