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Google co-founder Sergey Brin has spent $102 million fighting a proposed wealth tax on billionaires in California (townflex.com)

submitted 2 days ago by stermy4u@lemmy.world to c/nottheonion@lemmy.world

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[–] Maeve@kbin.earth 3 points 2 days ago

I don't know this guys annual income, but I'd be willing to bet if he had to pay a fair 17%, he would be paying a LOT more than 102 million.

He's not taxed that.

https://projects.propublica.org/americas-highest-incomes-and-taxes-revealed/

Sergey Brin Co-founder of Google Technology

Avg. Annual Income 2013 to 2018 $1.04B

Avg. Effective Federal Income Tax Rate 17.1%

% of Income Taxed At Lower Rate 100%

% of Income Deducted 40%

And this is old. They've been lobbying, since, nevermind offshore accounts, wealth in assets such as stocks, fine arts, crystal chandeliers and dinner service items, jewelry, private "company" jets, etc.