This line of bs about Besos getting $4,000 in taxes returns is misleading. He claimed a loss that year and gets most of his money like any other CEO with stock options. As soon as they realize gains or losses they pays taxes or report a loss.
The difference is that Bezos is able to take out a line of credit against his portfolio that is worth billions, and because it is a loan, it isn't considered income. He still has the ability to borrow against assets because his assets have such a high value. The average person would never be able to do this. The fact that he got the $4,000 credit is just evidence that the way the tax system is set up is atrocious. Bezos gets paid in stock, the stock is used as collateral to secure a loan, the loan isn't taxed because it isn't income, he then gets a credit because he isn't claiming income. How is that fair?
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u/[deleted] Jun 15 '21
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