Re:Jeff Bezos’s Wealth Soars to $171.6B to Top Pre-Divorce R...
by tosers4 on Thursday July 02, 2020 @11:26AM
(#23714328)
What's the issue?
amazon pays taxes in multiple ways, what's left it goes into amazon stock value.
I think it's perfectly fine to only pay the tax once you sell, why should you keep paying a tax just for owning?
With his portfolio, his salary wouldn't be able to cover a a simple 1% annual tax.
Now the issue is USA capital gain tax being lower than dividend tax, that's completely bonkers and encourages ridiculous uses of buybacks (which amazon has never done).
The capital gain tax should be the same as dividend tax
I think it's perfectly fine to only pay the tax once you sell, why should you keep paying a tax just for owning? With his portfolio, his salary wouldn't be able to cover a a simple 1% annual tax.
Now the issue is USA capital gain tax being lower than dividend tax, that's completely bonkers and encourages ridiculous uses of buybacks (which amazon has never done).
The capital gain tax should be the same as dividend tax