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I know. I would still be impressed if Bezos’s w-2 income was below $400k. Edit: also you need to pay the loan back, and the income to pay it back is taxable. Y
by frutiger 8mo ago
I know. I would still be impressed if Bezos’s w-2 income was below $400k.
Edit: also you need to pay the loan back, and the income to pay it back is taxable. You can die with an outstanding loan, but i’m sure bezos lenders will structure the loan to make sure they get most of their money back.
- NickC25 8mo agoOr you just get another loan from another party to pay the initial loan back. Bezos probably has an army of banks, private lenders, and private capital connections to effectively have a lifetime of loans against his Amazon shares. It's a pyramid scheme, except the guy at the top actually has the money and collateral.
- frutiger 8mo agoThese lenders will want some interest. The collateral is only useful if he defaults. If the collateral generates realized gains then those are taxed.