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First, you can look at "true tax rate", which has nothing to do with how taxes are calculated (as described in your linked article). .98% sounds like he paid j
by QuarterReptile 5y ago
First, you can look at "true tax rate", which has nothing to do with how taxes are calculated (as described in your linked article).
.98% sounds like he paid just under 1 billion on 4.22 billion of reported income (or just under 25%). I guess it sucks to be Bezos, because he spent more in one year on taxes than I'll have to pay in my life.. I'm going to go out on a limb and suspect that figure is not AGI, but total income. I suspect he had many deductible expenses like donations to charity, though 25% isn't that low since the top marginal bracket for capital gains is 20%.
I guess I'm curious how he paid so much in taxes...
- thatswrong0 5y agoI mean I don't know what to say here - the whole entire point here is that he makes a fuck ton more than his reported income and should (probably somehow) pay taxes on that. This graph IMO shows pretty clearly how not optimal the current tax system is: https://i.imgur.com/jcO8KgO.png https://i.imgur.com/jcO8KgO.png