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TopicAmazon founder Jeff Bezos completes $8.5bn share sale plan
AngelsNAirwav3s
02/21/24 11:47:28 PM
#10:


DarthAragorn posted...
don't stop there

Capital gains tax rate is capped at 20%, so if you are a single taxpayer any taxable income you make above roughly $43k I believe (going off memory, did not look this up) is taxed at a higher rate than Bezos's 8.5 BILLION DOLLARS.

Bezos is still paying the 20% federal long term capital gains tax, which starts at like $480k/year

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