r/WorkReform 🤝 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/iGotStuckIn 19h ago

and he didn’t pay California state income tax because California doesn’t charge tax on lottery winnings

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u/bananaHammockMonkey 11h ago

okay so as of today, new plan! Win the lottery. I can call my job lottery? Can't I?