He's counting unrealized capital gains because the value of his stock went up. Not actual income.

Well that's rather dishonest.

I'll ask the question again:  If stocks go down in a given year, and Jeff Bezos balance sheet falls by $1 billion, would the federal government then owe him 44% on that?  Imagine the government sending Jeff Bezos a refund check of $440 million because he had unrealized losses.  Guess those dumb-ass liberals didn't think that one through.  Idiots.

In the DC metro area, $3.79 9/10 is not an unusual price for Gasoline (87 octane 'regular')

In North Dakota in January, gas was $2.79 9/10.

In the meantime, the Biden Administration has unveiled schemes that make drilling on Federal Land more difficult and expensive, shut down more of Alaska (to Copper mining, too!) and performed other acts which make it more expensive to transport almost anything by air, land, or sea.

This has repercussions for the retail sector, as goods which are shipped cost more to ship, and that means the price goes up as the shipping costs are rolled into the price tag.

But what do you expect from people who don't have a clue how the world actually works?
Their only jobs have been in Government, not where the rubber meets the road.

It is not based upon gross receipts but IRA taxable income/take home pay of $1 million or more. Forbes came out with an article today and there are so many asterisks and caveats-get out of jail conditions. in the bill it will only affect a small amount of people.

Here is your post again:

Quote from: Kamaji on April 29, 2024, 02:08:51 am

Jeff Bezos does not pay an effective rate of income tax of 8%.  His effective rate of income tax is almost certainly around 40%.

You are delusional if you think Bezos is paying 40% in taxes .

Federal Income Tax - 37%
Medicare Tax - 3.8%

Total - 40.8%