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Jeff Bezos sold over $10 billion in Amazon stock last year, they absolutely are making that much money. This whole 'net worth isn't liquid' meme is incredibly d
by bidirectional 6y ago
Jeff Bezos sold over $10 billion in Amazon stock last year, they absolutely are making that much money. This whole 'net worth isn't liquid' meme is incredibly damaging and overstated.
- incrudible 6y agoYes, in that instance, he made money, but also paid taxes on that. He probably wouldn't have sold if he didn't think it would be wise to diversify a little after such a huge price jump. Or maybe he just wanted to buy something ridiculous, who knows. In general, the super-rich don't need to sell, which is why they don't need to pay taxes. If you want to change that, you need a wealth tax, with all its problems. That's my point.
- TheCoelacanth 6y agoHe did pay taxes, but probably at a lower rate than an average doctor. The preferential treatment of capital gains over wages is a huge giveaway to Bezos.
- DarmokJalad1701 6y ago> Jeff Bezos sold over $10 billion in Amazon stock last year, Then he also paid income taxes on that.