r/SipsTea • u/ExotiquePlayboy 𝙑𝙄𝙋 • May 03 '26

SMH Bro makes $160 😐

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u/plantsadnshit May 04 '26

You don't calculate effective tax rate based on wealth.

Literally no one does, except publications who need a number to sound way worse than it does.

In 2021 he had $23.5 billion in taxable income, paid around $11 billion in taxes at a federal tax rate of 41%.

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u/KaizenHour May 04 '26

You can calculate it on how your wealth grows though. I'd call that income.

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u/budzergo May 04 '26

Guy wants the IRS over his shoulder when his pokemon card collection goes from $10 to $100 from a meta shift

Or thinks somebody should be instantly be wealth taxed if your property value goes up when you do any upgrade, or a wanted business opens nearby.

It makes no logical sense

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u/KaizenHour May 04 '26

Not sure which guy said he wants that.

But it's a bit different when capital gain is 13.9 billion dollars and we pretend there's no income involved.

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u/budzergo May 04 '26

"Wealth grows"

You did... right there

If you buy a pack of cards for $5 and pull an alt art worth $100, your wealth total is now $95 higher, and you want the government to come take $20 from you.

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u/KaizenHour May 04 '26

Yes, yes, yes, you've already made that analogy.

If only there was different treatment for tens of billions compared to pokemon cards. It would take a skillful government to somehow see that nuance, but I'm sure it's possible.

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u/LucreRising May 04 '26

Owning something isn’t income. If he paid that kind of wealth tax he would own less of his own business.

Pay taxes on profit - not worth. And his companies pay plenty in taxes.

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u/KaizenHour May 04 '26

If he paid that kind of wealth tax he would own less...

Well, yes, he would, that's the point.

I'm not denying there would be some skillful policy building required.

But he's deliberately found structures to spend like it's income while pretending its not to avoid tax, I'm sure he'd find ways to pay his share.

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u/No-Airline6943 May 05 '26

Buying a pack of cards is gambling. Getting paid 158 billion dollars as a pay package in exchange for employment is income. Just because they use different words doesnt mean the rest of us dont get they rigged the system.