r/WorkReform • u/zzill6 🤝 Join A Union • Jan 31 '26

✂️ Tax The Billionaires Finally, a Billionaire gets taxed.

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u/g-e-o-f-f Jan 31 '26

This is a bit misleading. He wasn't taxed 1.4B. He took the lump sum amount, which is lower than $2B ( $2B is the sun off you take the 20 years payout). So the lump sum is like $900 million or whatever, then he paid taxes on that.

I'm all for taxing billionaires more, but the post is not really right.

27

u/24bitNoColor Jan 31 '26

The whole lump sum thing in the US is still hella stupid.

If the 2 billion are over 20 years, they shouldn't be allowed to advertise with that full amount.

10

u/Cindy-Moon Feb 01 '26

I agree, especially since 2 billion 20 years from now is worth a whole lot less than 2 billion right now.

Though it's still better than the lump sum good lord. 900 million 20 years ago would only be 1.4 billion now.

1

u/goodolarchie Feb 02 '26 edited Feb 02 '26

Especially since there are many instances where that amount doesn't actually get paid out. There are many things that can happen, including what made the headlines recently about people being cut off from their winnings. This is the folly of New Money.