> He pays income tax just like everyone else.

He only paid income taxes on $80k while at Amazon.

The wealthy often make their money as capital gains, which if they held for at least one year, are exempt from the income tax and taxed at no higher than 20%

Billionaires literally have their own set of tax brackets in this country: https://www.irs.gov/taxtopics/tc409

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twoodfin 2 hours ago | parent [-]

The wealthy in NYC pay the top Federal 23.8% LTCG rate, + the top New York State income tax rate (10.9%) + the NYC income tax rate (3.876%) on their long-term capital gains.

	▲	kube-system an hour ago \| parent [-]
		Not if their second home in NYC is not their primary residence .... and like bezos, has a primary residence in a state where that isn't the case