maximilianfragglebottom
1523
67
6
Jun 23, 2021 7:14 PM
maximilianfragglebottom
1523
67
6
cryborg
CitizenPrime
You should see his wealth grow during Covid...
coliander
ITT: Angry internet folk who think Bezos has a bank account with $127B in it or some shit.
Intergalacticdinosaur
I think the reason they get away with this is his realized wealth is much lower because he keeps most his net wealth in his companies. I th
Intergalacticdinosaur
I think that he actually made closer to 5 billion income and paid one bill in taxes. still ridiculous that he paid 20% taxes when it's supp
Intergalacticdinosaur
Supposed to be much more. Must be all the debt write offs. With the scaling tax rate it should have been closer to 3 billion paid I think
Intergalacticdinosaur
Sorry 2 billion
RackhamTheRed
do income / taxes paid. still will make you wanna punch a wall, but wealth / taxes paid is intentionally misleading
maximilianfragglebottom
it's not misleading, it's making a different point
RackhamTheRed
What kind of a point would you make when comparing income tax with wealth/property?
maximilianfragglebottom
that we need to be taxing wealth as well, otherwise it can be hoarded by people who are hiding their earnings as assets.
Govote
You can check your voter registration at https://vote.org
LariCheltsy
My man!
SageTheConnoisseur
Who do we vote for to stop this from happening?
samssquatch
With most politicians being rich it’d be like turkeys voting for Christmas. A lifetime of hoping has given me this pessimism
Govote
Vote for progressives in primaries to force the Overton window left like the GOP has been doing since the 70s. 12% of Dems vote >
Govote
< regularly outside of the presidential race and that has almost no effect on Congress if you don't vote state and local too. >
Govote
< But if you want the republicans to keep winning just stay home. They never do. They're hoping you do
TrustMeImAMadScientist
There's a big difference because most of his wealth is due to the value of Amazon stock. He only gets taxed on dividends or if he sells
TheGhostofElizabethShue
This’d be less galling if Amazon also didn’t pay taxes.
coliander
People downvoting you for clarifying the bullshit. Imgur is becoming the next Reddit.
AstroExplained
https://www.refinery29.com/en-us/2021/06/10514213/billionaires-tax-avoidance-bezos A somewhat interesting piece about this. In particular,
AstroExplained
that despite the fact their wealth isn't liquid, it's not like it's doing nothing for them. In particular, they can leverage their assets
AstroExplained
for loans, which aren't taxable (and get quite good loans, too). There's also a plethora of tax deductions they can utilize, such as
AstroExplained
donating to non-profits, even if they control it. Houses (and in same states cars) both have annual taxes, not just when sold. So, what
AstroExplained
they're doing is technically legal, but what we've seen over the decades is giving more tax benefits to them doesn't help average workers.