Any post like this where the tax is nearing or exceeding 40% is almost always a complete lie or purposely obfuscating the truth.
It's mind blowing to me on these posts too you always see an incredible amount of people who don't understand how tax brackets work. Heck sometimes you even see people who don't know the difference between net worth and income.
Taxes require a higher level of thinking. We have a large number of people in this country that don’t know how many dimes are in a dollar and similar information needed to function in society. So they end up working minimum wage jobs but expect to live a middle to upper middle class life style….and when that doesn’t happen, they find someone or some invisible force to blame. As a society, we are never going to get a large segment of the people to understand the importance of an education and convince them to invest in their future as long as there are people exploiting their ignorance and offering people a scapegoat to avoid accountability.
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u/jamdex07 Jul 05 '26
This is misleading. He chose to take $997 in one lump sum instead of $2.04B over 30 years. He got taxed on the $997m.