LOL. Bezos cashes in $1.8 billion in stock, pays paltry 22% tax

[PSPS]

Jeff Bezos Cashes in $1.8 Billion of Amazon Stock, Will Keep $1.4 Billion After Taxes

Jeff Bezos, the founder of Amazon and the world’s richest person, has cashed in $1.8 billion worth of Amazon shares, according to filings with the Securities and Exchange Commission submitted last night. Bezos will keep an estimated $1.4 billion from the sale after taxes, based on calculations by Forbes magazine.

The $1.8 billion coincidentally matches the amount of money Bezos made back in September of 2018 when Amazon’s market cap topped $1 trillion. As Forbes notes, this recent sale, which happened over the course of three days, is probably the Amazon CEO’s largest stock sell-off to date. Bezos still has an estimated net worth of $115 billion after the sale.

https://gizmodo.com/jeff-bezos-cashes-in-1-8-billion-of-amazon-stock-will-1836875759

[Stuart G]

1. Ok...How much is a Billion? Is that a thousand millions? Am I correct on this one?

If a billion is a thousand millions...if that is true, the fellow Bezos, has a thousand millions..one hundred and fifteen times.. Is that correct? 115 billion is one thousand millions times 115.?

[comradebillyboy]

2. Even after his recent divorce settlement he's still the

richest man on Earth. Pretty impressive going from selling books out of his garage to that kind of wealth and influence.

[Boomerproud]

4. Applause. Applause

Have a happy life and go buy an island Jeff. I know how Americans idolize people like him.

[dalton99a]

3. And Bezos will do everything he can to maintain the status quo and protect his tax cuts.

[Hav]

5. 22% rate for stocks doesn't sound that bad

Certainly beats the rate Romney had in his tax returns by a mile and what I remember from some other candidates.

[pecosbob]

6. The one percent basks in the last light of their fin-de-siecle

Get ready for forty percent capital gains taxes, assh*les. You'd better figure out a way to kill us all or we're coming for you Chuck. We're sharpening the guillotine.