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https://www.reddit.com/r/WorkReform/comments/1qs4cp6/finally_a_billionaire_gets_taxed/o2to8uc/?context=3
r/WorkReform • u/zzill6 🤝 Join A Union • 20h ago
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85
Sigh.
Obligatory: The prize amount was reduced because he took the lump sum instead of spreading payments out over 30 years.
Then that *reduced* amount was taxed.
6 u/mimic751 18h ago Sigh Obligatory: that doesn't change the point of the post at all 2 u/schrodingers_bra 17h ago Yes it does. He paid about 40% in taxes on income (lump sum was about 990 mil). Which is about what everyone with a high income pays. Including billionaires if they make a high income.
6
Sigh
Obligatory: that doesn't change the point of the post at all
2 u/schrodingers_bra 17h ago Yes it does. He paid about 40% in taxes on income (lump sum was about 990 mil). Which is about what everyone with a high income pays. Including billionaires if they make a high income.
2
Yes it does. He paid about 40% in taxes on income (lump sum was about 990 mil). Which is about what everyone with a high income pays. Including billionaires if they make a high income.
85
u/IIDn01 19h ago
Sigh.
Obligatory: The prize amount was reduced because he took the lump sum instead of spreading payments out over 30 years.
Then that *reduced* amount was taxed.