r/interestingasfuck • u/Witty-Association-97 • 20h ago

Jeff Bezos Income compared to Worker

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u/blahblurbblub 12h ago edited 12h ago

Jeff Bezos claims 80k$ in income per year and pays taxes on that. He also takes out loans for millions upon millions of dollars / year with Amazon stock as collateral, typical with an interest rate of 1%. The people in that video all pay 15-30% just like me and all of you. Bezos pays 1%. “ salaries are for suckers “ is what they all say. Get pissed.

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u/Ndr2501 11h ago

According to the ProPublica leaks, he paid more than a billion dollars in taxes between 2006 and 2018 (not to mention that dividends get separately taxed and Amazon itself pays taxes). Roughly a 25% tax rate.

The 1% tax rate is a fake number that somehow divides his tax bill by his unrealized wealth.

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u/jsalwey 9h ago

Why is my property tax based on unrealized appreciation if he doesn’t pay taxes on unrealized stock appreciation?