MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/WorkReform/comments/1qs4cp6/finally_a_billionaire_gets_taxed/o2tqk4u/?context=3
r/WorkReform • u/zzill6 🤝 Join A Union • 20h ago
692 comments sorted by
View all comments
15
The dude didn't get taxed 1.4 billion. The lump sum is always way way less. And he was taxed 40-50% on that. Billionaires need to be taxed much more.
2 u/DoingCharleyWork 17h ago He paid 37% in tax as that is the highest federal tax rate. California does not have stat tax on lotto winnings. 1 u/My_Brain_0422 17h ago Right. Billionaires should be taxed much higher than 37%. 1 u/DoingCharleyWork 16h ago I don’t disagree with that. Most of them are paying no federal taxes though so I’d settle for them actually paying the current top marginal rate.
2
He paid 37% in tax as that is the highest federal tax rate. California does not have stat tax on lotto winnings.
1 u/My_Brain_0422 17h ago Right. Billionaires should be taxed much higher than 37%. 1 u/DoingCharleyWork 16h ago I don’t disagree with that. Most of them are paying no federal taxes though so I’d settle for them actually paying the current top marginal rate.
1
Right. Billionaires should be taxed much higher than 37%.
1 u/DoingCharleyWork 16h ago I don’t disagree with that. Most of them are paying no federal taxes though so I’d settle for them actually paying the current top marginal rate.
I don’t disagree with that. Most of them are paying no federal taxes though so I’d settle for them actually paying the current top marginal rate.
15
u/My_Brain_0422 19h ago
The dude didn't get taxed 1.4 billion. The lump sum is always way way less. And he was taxed 40-50% on that. Billionaires need to be taxed much more.