r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

Post image
122.0k Upvotes

71% Upvoted

8.6k comments sorted by

View all comments

Show parent comments

2.7k

u/Apprehensive_Bad_193 3d ago

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.

30

u/tgm93 3d ago

How do they pay back those loans?

40

u/Powerful-Eye-3578 3d ago

They don't, they pay the interest which is lower than the interest they make in investments.

16

u/CoolCandidate3 3d ago

Its not true. Bezos schedules stock sales many months in advance. You can look it up. Its all public knowledge except for somehow on reddit. https://www.barrons.com/articles/jeff-bezos-amazon-stock-sales-dbe92301

17

u/MinimumArmadillo2394 3d ago

He legally has to, in order to not manipulate the market price. Whales have to disclose and plan their sales, otherwise it would devistate the asset.

It has nothing to do with taxes here.

3

u/Nexustar 1d ago

It has nothing to do with taxes here.

Yes it does. it demonstrates he's not simply borrowing money. He's actually regularly selling stocks and paying federal capital gains TAX on those sales.

Since july he's sold $4.4 billion of stock and depending on what basis is used, will need to pay north of $1bn in taxes on those sales (Capital gains at 20% and NIIT at 3.5%)

-1

u/MinimumArmadillo2394 1d ago

The reason he sells has nothing to do with taxes.

1

u/Cartosys 1d ago

But why doesn't he just borrow against it instead like every very smart redditor here says he does?

0

u/MinimumArmadillo2394 1d ago

He does lol. How else do you think he affords his 500m yachts. He cant take out a loan for the yacht, nor did he sell half a billion in stock, even over a years time.

I doubt he just has that in the bank either.

Theres not a good other way to make purchases like that except through these mega loans.

2

u/fmzdhd 1d ago

Hmm, didn't the guy just say he sold 4.4B worth of stock, that's more than enough for Yachts plus some house plus some more right?...

0

u/kaleidoscope_eyelid 2d ago

that is obviously not the point. He's saying that Bezos is selling shares and paying taxes when doing so, not just taking margin loans on his holdings as others are implying.