Notes

Our How the Billionaires Income Tax Would Work - WSJ Statements


<h1 style="clear:both" id="content-section-0">How Let's Make the Most of This 'Tax Billionaires' Moment - Institute can Save You Time, Stress, and Money.<br></h1>
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<p class="p__0">When they do, they earn money and they get taxed. The federal government thinks about practically every dollar workers earn to be "income," and companies take taxes directly out of their incomes. The Bezoses of the world have no requirement to be paid an income. Bezos' Amazon wages have actually long been set at the middle-class level of around $80,000 a year.</p>
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<p class="p__1">Steve Jobs took $1 in wage when he went back to Apple in the 1990s. Facebook's Zuckerberg, Oracle's Larry Ellison and Google's Larry Page have all done the exact same. Yet this is not the self-effacing gesture it appears to be: Incomes are taxed at a high rate. The leading 25 most affluent Americans reported $158 million in incomes in 2018, according to the internal revenue service information.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://i.ytimg.com/vi/J9Hg_e4NVpQ/maxresdefault.jpg" alt="These Latino workers dislike billionaires paying less taxes than they do - The Limited Times"><span style="display:none" itemprop="caption">How our tax codes let the rich get richer: 'We need better tax laws' - ABC News</span>
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<h1 style="clear:both" id="content-section-1">Trump's 2017 Tax Cuts Helped Super-rich Pay Lower Rate - Questions<br></h1>
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<p class="p__2">1% of what they listed on their tax return as their overall reported earnings. The rest mainly came from dividends and the sale of stock, bonds or other investments, which are taxed at lower rates than incomes. The ultrawealthy normally hold quick to shares in the business they've founded. Buffett, for instance, has actually famously held onto his stock in Berkshire Hathaway, the corporation that owns Geico, Duracell and stakes in American Express and Coca-Cola.</p>
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<img width="324" src="https://xnewsnet.com/wp-content/uploads/2021/11/Less-than-50-percent-are-willing-to-pay-thousands-to.jpeg">
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<p class="p__3">From 2015 through 2018, he reported yearly earnings varying from $11. 6 million to $25 million. That might look like a lot, however Buffett ranks as roughly the world's sixth-richest individual he deserves $110 billion since Forbes' estimate in Might 2021. A minimum of 14,000 U.S. taxpayers in 2015 reported greater income than him, according to IRS data.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://media.marketrealist.com/brand-img/M6bCzLdX6/1200x628/make-billionaires-pay-1632737147513.jpg" alt="Billionaires Still Paying Less Under New Tax Plan"><span style="display:none" itemprop="caption">Billionaires Still Paying Less Under New Tax Plan</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://ei.marketwatch.com/Multimedia/2019/12/06/Photos/MG/MW-HW543_wealth_20191206165530_MG.png?uuid=1eff20d6-1873-11ea-a648-9c8e992d421e" alt="ProPublica tax leak story: IRS files show how billionaires pay low tax"><span style="display:none" itemprop="caption">Richest 25 Americans have a "true tax rate" of almost nothing: Report - CBS News</span>
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<h2 style="clear:both" id="content-section-2">Everything about Editorial: What to do about billionaires who pay no taxes - Los<br></h2>
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<p class="p__4">Berkshire does not pay a dividend, the amount (a piece of the profits, in theory) that lots of companies pay each quarter to those who own their stock. Source has actually constantly argued that it is much better to utilize that cash to discover investments for Berkshire that will further enhance the value of shares held by him and other investors.</p>
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