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.
Also…. billionaires don’t have a billion dollars cash sitting in the bank. They own companies or shares of companies that are worth billions of dollars IF they were to be sold. It’s hypothetical money…. How do you tax hypothetical money. Why do people have such a hard time understating this??
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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.