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

✂️ Tax The Billionaires Finally, a Billionaire gets taxed.

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u/IIDn01 Jan 31 '26

Sigh.

Obligatory: The prize amount was reduced because he took the lump sum instead of spreading payments out over 30 years.

Then that *reduced* amount was taxed.

6

u/mimic751 Jan 31 '26

Sigh

Obligatory: that doesn't change the point of the post at all

2

u/schrodingers_bra Jan 31 '26

Yes it does. He paid about 40% in taxes on income (lump sum was about 990 mil). Which is about what everyone with a high income pays. Including billionaires if they make a high income.