5 ms·
Silly article. Lots of talk about big numbers. Keep in mind a billion doesn't necessarily buy you the same as it did when Microsoft started. So large part of
by micah94 3y ago
Silly article. Lots of talk about big numbers. Keep in mind a billion doesn't necessarily buy you the same as it did when Microsoft started. So large part of these numbers is just due to inflation. Also taxes will take a huge chunk. And what would happen to MS stock if he actually started to dump a bunch of it? It would tank and he'd never realize all those gains.
Yes, I'm jealous.
- somenameforme 3y agoIt's a billion in dividends, not just portfolio growth. So it's a check for a billion bucks, with a special 20% tax rate. I couldn't care less about how much money somebody else has, but the inequity in tax rates is quite irritating.
- Bostonian 3y agoAn online source says that Microsoft has an effective 19% tax rate on its earnings, and dividends are paid from post-tax earnings. The argument for a lower rate on dividends is the avoidance of double taxation.