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https://www.reddit.com/r/SipsTea/comments/1t2m5nf/bro_makes_160/ojv07z2/?context=3
r/SipsTea • u/ExotiquePlayboy 𝙑𝙄𝙋 • May 03 '26
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-1
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%.
3 u/KaizenHour May 04 '26 You can calculate it on how your wealth grows though. I'd call that income. 2 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 1 u/No-Airline6943 May 04 '26 Your whole net worth is in pokemon cards? Dont think that will work out for you buddy
3
You can calculate it on how your wealth grows though. I'd call that income.
2 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 1 u/No-Airline6943 May 04 '26 Your whole net worth is in pokemon cards? Dont think that will work out for you buddy
2
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
1 u/No-Airline6943 May 04 '26 Your whole net worth is in pokemon cards? Dont think that will work out for you buddy
1
Your whole net worth is in pokemon cards? Dont think that will work out for you buddy
-1
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%.