| ▲ | ceejayoz 5 hours ago | |||||||||||||
> I'd be really surprised to see a 0.1%-er (or 0.001%-er) post $0 income tax. Bezos did, in 2007. https://www.propublica.org/article/the-secret-irs-files-trov... > Consider Bezos’ 2007, one of the years he paid zero in federal income taxes. Amazon’s stock more than doubled. Bezos’ fortune leapt $3.8 billion, according to Forbes, whose wealth estimates are widely cited. How did a person enjoying that sort of wealth explosion end up paying no income tax? Or the President (now permanently immune from audit, incidentally): https://www.nytimes.com/interactive/2020/09/27/us/donald-tru... > He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made. | ||||||||||||||
| ▲ | arh5451 4 hours ago | parent [-] | |||||||||||||
Yeah and he lost money for a decade or more. Blame the system that you can loss harvest. Or call it fair that we don’t penalise business for having bad years. | ||||||||||||||
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