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Did you pay your taxes? (sh.itjust.works)

submitted 1 day ago by thal3s@sh.itjust.works to c/whitepeopletwitter@sh.itjust.works

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Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.

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[–] nfamwap@feddit.uk 10 points 13 hours ago* (last edited 13 hours ago) (2 children)

Dude, I'm on 80k a year. Pretty sure I couldn't afford a gazillion-dollar wedding in Venice

[–] Hisuiiro@thelemmy.club 1 points 13 hours ago

That would be the "unless it's used as collateral to get real money." part

[–] village604@adultswim.fan -3 points 13 hours ago* (last edited 13 hours ago)

And? My point is the real money he got from Amazon that can actually be taxed is not the same as his estimated net worth.

Bezos doesn't have a checking account with billions sitting in it. His wealth is in the unrealized gains on non-liquid assets. It's imaginary money until it's used as collateral for loans, at which point it should be taxed as a realized gain.