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Topic	'Billionaires shouldn't exist', Bernie Sanders says as he introduces tax plan.
MaverickXeo 09/24/19 9:57:38 PM #129:	shockthemonkey posted... Kombucha posted... Here are the yearly taxes that would be paid by current billionaires under the Sanders plan: 2019 wealth tax bill estimates Jeff Bezos $9 billion Bill Gates $8.6 billion Warren Buffett $6.6 billion Mark Zuckerberg $5.8 billion Larry Page $4.8 billion Charles Koch $4.8 billion Larry Ellison $4.7 billion Sergey Brin $4.6 billion Rob Walton $4.2 billion Jim Walton $4.2 billion Does that hurt any of them? That factors in net worth; not income. For example, Bezos only took home $1.6 million. ...Looking at it now, that tax is NOT a good idea. I thought it was an income tax; not a 'wealth' tax. That would essentially cut back anyone in those brackets over time to below the minimum threshold over a few years. No incentive to produce when the more production, the more overall is lost. --- --- MaverickXeo --- <cite>MaverickXeo posted [p:927902746] in 'Billionai... [t:78038212]...</cite> <quote>shockthemonkey posted...</cite> <quote>Kombucha posted...</cite> <quote>Here are the yearly taxes that would be paid by current billionaires under the Sanders plan: <quote>2019 wealth tax bill estimates Jeff Bezos $9 billion Bill Gates $8.6 billion Warren Buffett $6.6 billion Mark Zuckerberg $5.8 billion Larry Page $4.8 billion Charles Koch $4.8 billion Larry Ellison $4.7 billion Sergey Brin $4.6 billion Rob Walton $4.2 billion Jim Walton $4.2 billion</quote> </quote> Does that hurt any of them?</quote> That factors in net worth; not income. For example, Bezos only took home $1.6 million. ...Looking at it now, that tax is NOT a good idea. I thought it was an income tax; not a 'wealth' tax. That would essentially cut back anyone in those brackets over time to below the minimum threshold over a few years. No incentive to produce when the more production, the more overall is lost. --- --- MaverickXeo ---</quote> ... Copied to Clipboard!
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