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