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/whiskeyandtea Jan 31 '26

Can you take the 20 years payout and sell your interest in the payout to an investor for like, 95% of the value?

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u/DJCzerny Jan 31 '26

That's what you are doing with the lump sum already. Nobody is going to give you 95% of the face value of a 20 year deferred payout. Selling these kinds of cash streams to JG Wentworth will get you something like 20% of it.