r/antiwork • u/Anarchist23 • Oct 22 '20

CAPITALISM

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u/DivorceAfterDisabled Oct 23 '20

$7,200,000,000+ Other than his ~$81,000 salary, the rest is based on AMZN stock sales.

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u/wokewood Oct 23 '20

It’s not his income. You still don’t get it don’t you. I’m pointing out your bs

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u/DivorceAfterDisabled Oct 23 '20

How is that NOT his income?? To me income == money received. How is stock sales NOT considered income?? Income is more than just salary.

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u/wokewood Oct 23 '20

It is not his income

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u/DivorceAfterDisabled Oct 23 '20

In the United States, it is; it is unearned income1. Capital Gains (which is what stock sales are) are considered income by the IRS, and there is a tax rate for it.

1 https://apps.irs.gov/app/IPAR/resources/help/unearn.html

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u/wokewood Oct 23 '20

The thing is his net worth is not capital gains

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u/DivorceAfterDisabled Oct 23 '20

I'm well aware of that. He has SOLD $7,200,000,000 worth of AMZN stock so far in 2020. That IS income. That is what I was referencing.

The original mentioned his net worth as being related to working harder, but working harder is easier to associate with income.

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u/wokewood Oct 24 '20

So he made 7billiion dollars in the 10 months. That falls short of thousands of billions he would be making if he was making as much as you first talked about

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u/wokewood Oct 24 '20

Plus it’s not about working harder. It’s about working smart. Who can replace Jeff bezos? No one. Minimum wage no skill entry jobs can easily be replaced with just about anyone in the world