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A comment on Bezos donates $100M each to CNN contributor Van Jones and chef Jose Andres. Parent comment

Re:Bezos donates $100M each to CNN contributor Van Jones and... by ohgodplsno on Wednesday July 21, 2021 @03:08PM (#27910647)
Bezos doesn't sell stock. What little he does goes into Blue Origin and is written off again. When Bezos needs cash, he just borrows from the bank using his shares as collateral. No taxes.
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Re:Bezos donates $100M each to CNN contributor Van Jones and... by arn on Wednesday July 21, 2021 @03:48PM (#27911169)
This is not true. He realized $4 billion in gains in that ProRepublica article people referenced, and he regular sells shares.

https://www.forbes.com/sites/rachelsandler/2021/05/11/jeff-b...

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by nomel on Wednesday July 21, 2021 @03:24PM (#27910863)
Borrowing mean returning the money at some point. Where does this money come from, and how isn't it taxed?
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Re:Bezos donates $100M each to CNN contributor Van Jones and... by fossuser on Wednesday July 21, 2021 @03:36PM (#27911031)
Person dies, wealth gets inherited at new cost basis, heirs pay off loans with new (higher) cost basis, tax revenue isn’t collected.

At least that’s the model as I understand it.

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by djrogers on Wednesday July 21, 2021 @04:23PM (#27911652)
> tax revenue isn’t collected.

If you completely ignore estate taxes, this would be true.

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by fossuser on Wednesday July 21, 2021 @04:28PM (#27911711)
Yeah you're probably right - my tax knowledge of this area is not great since I haven't had to care about it.

I think that kicks in after $20M?

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by nomel on Wednesday July 21, 2021 @04:10PM (#27911463)
I assume this means the banks are giving > 40 years loans? Isn't inheritance tax fairly high? A quick search says 40% federal, with around 20% state.
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Re:Bezos donates $100M each to CNN contributor Van Jones and... by fossuser on Wednesday July 21, 2021 @04:53PM (#27912017)
IIRC estate tax doesn't kick in until after ~$20M? I don't really know much about this particular area of tax law though so I wouldn't rely on my comments.
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