Quote:
Originally Posted by blankall
Jeff Bezos paying a 10% income tax rate, while his middle class workers pay 30-40% tax is absurd.
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Bezos doesn’t pay a 10% income tax rate .
His effective rate of tax on his wealth increase is very low , but that’s different then his Income tax rate
For example he had income of approx 4 billion between 04-09 but wealth increased to 100 billion
He would have paid very high tax bracket on that 4 billion (for easy math say 50%) so 2 billion in income tax
That’s 2% on his wealth growth in taxes. If you want to argue that is unfair / etc that’s a different arguement
He does not however have some magic way to pay a 10% income tax rate.
And when we get into taxing capital gains both on profit realization and before there’s a ton of other factors to consider