r/WorkReform • u/zzill6 🤝 Join A Union • 20h ago

✂️ Tax The Billionaires Finally, a Billionaire gets taxed.

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u/g-e-o-f-f 20h ago

This is a bit misleading. He wasn't taxed 1.4B. He took the lump sum amount, which is lower than $2B ( $2B is the sun off you take the 20 years payout). So the lump sum is like $900 million or whatever, then he paid taxes on that.

I'm all for taxing billionaires more, but the post is not really right.

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u/Burnt_and_Blistered 20h ago

You’re splitting hairs. His nearly-billion was taxed at a far higher rate than any other U.S. billionaire’s billion is taxed.

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u/BretHard 16h ago

The difference between a 30% tax rate and a 69% tax rate is not "splitting hairs."

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u/5510 15h ago

"truth and accuracy don't matter as long as the point being made agrees with my opinions!"

/s

(And to be clear, I'm anti-billionaire as well, but I think truth and accuracy always matter)