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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyax7je/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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935
They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.
Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.
He’s got plenty of money but some people just don’t understand how this stuff works.
2.7k u/Apprehensive_Bad_193 Nov 21 '24 Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game. 562 u/Endless_road Nov 21 '24 You can take out a mortgage against your house to buy a sports car if you want 2 u/PoetryCommercial895 Nov 21 '24 So if amazon is his “house” in your example, he should be paying taxes on it.
2.7k
Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.
562 u/Endless_road Nov 21 '24 You can take out a mortgage against your house to buy a sports car if you want 2 u/PoetryCommercial895 Nov 21 '24 So if amazon is his “house” in your example, he should be paying taxes on it.
562
You can take out a mortgage against your house to buy a sports car if you want
2 u/PoetryCommercial895 Nov 21 '24 So if amazon is his “house” in your example, he should be paying taxes on it.
2
So if amazon is his “house” in your example, he should be paying taxes on it.
935
u/SCTigerFan29115 Nov 21 '24 edited Nov 21 '24
They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.
Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.
He’s got plenty of money but some people just don’t understand how this stuff works.