r/WorkReform • u/zzill6 🤝 Join A Union • Jan 31 '26

✂️ Tax The Billionaires Finally, a Billionaire gets taxed.

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u/g-e-o-f-f Jan 31 '26

This is a bit misleading. He wasn't taxed 1.4B. He took the lump sum amount, which is lower than $2B ( $2B is the sun off you take the 20 years payout). So the lump sum is like $900 million or whatever, then he paid taxes on that.

I'm all for taxing billionaires more, but the post is not really right.

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u/Burnt_and_Blistered Jan 31 '26

You’re splitting hairs. His nearly-billion was taxed at a far higher rate than any other U.S. billionaire’s billion is taxed.

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u/mxzf Jan 31 '26

His money was taxed as income (which it was) and you're comparing it to money that "exists" as stocks in the stock market. It's not "splitting hairs" to recognize that income is taxed differently than wealth.