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For US citizens/residents with billions, taxes are pretty much a constant 25%, since 1. almost everything is capital gains (which comes to 23.6%). Note that th

For US citizens/residents with billions, taxes are pretty much a constant 25%, since 1. almost everything is capital gains (which comes to 23.6%). Note that this was 15% under GWBush, so it was even better back then. 2. You can avoid state taxes by relocating to WA/TX (If I recall correctly, this was Bezos' motivation for starting Amazon in Washington). A lot of billionaires live in 0% state capital gains tax states, except the ones that need to live in CA/NY for the tech/financial sector respectively. If you live in one of those, then think of the total taxes as more like 33% total (federal + state)

Houshalter 12y ago
Notch is Swedish isn't he?
- Joona 12y ago
  His tax rate is probably around 40-50%.
  - T-A 12y ago
    This being essentially all capital gains, it would be taxed at 30%.
  - carlio 12y ago
    He's the 4th largest tax payer in Sweden apparently: https://twitter.com/notch/status/410757753737469952 https://twitter.com/notch/status/410757753737469952
- bjourne 12y ago
  Ingvar Kamprad is too, doesn't prevent him from not paying any taxes. It's not very hard to find exploits in the tax system. Even in the worst case, the corporate tax is 22%.
- rmc 12y ago
  IKEA is Swedish as you get, and it's technically a dutch charity.
  - hellweaver666 12y ago
    Technically it's controlled by a Dutch not-for-profit organisation (not a charity)