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root_fifth_octave t1_je6zp2h wrote

We should add some extra tax brackets. Right now it's 37% on anything over $539,900.

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Less_Tennis5174524 t1_je7emtf wrote

Most likely he will be paid via a personal holding corporation and then pay himself via dividends to reduce the tax burden.

If he really wants to reduce taxes he will just take loans and only take personal income to pay off the interest. Its called "borrow and die" and its how the ultra rich basically avoid paying taxes.

Schemes like these are why the tax rate of personal income is irrelevant for the rich, they dont pay it at all.

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huskersax t1_je8zut6 wrote

It's also why they make such a big deal out of trying to end the estate tax. It's their specifically to make sure Uncle Sam theirs one way or the other.

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LeeroyTC t1_je7ja2n wrote

Discovery is based in New York which has its highest state tax brackets that start $1 million, $5 million, and $25 million.

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Benny-Harvey t1_je8rtl5 wrote

You really think this kind of person wouldn't do something to dodge paying them anyway?

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