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I'm not a Bezos defender, but he pays taxes -- his effective tax rate is lower because most of his money is tied up in stock that has appreciated but he has not
by misiti3780 5y ago
I'm not a Bezos defender, but he pays taxes -- his effective tax rate is lower because most of his money is tied up in stock that has appreciated but he has not sold yet. When he needs cash (to fund Blue Origin, for example), he sells stock, and pays long term capital gains like everyone else. He probably owns multiple houses etc, and pays property and school taxes like everyone else also.