Income tax is over annual income, not your net worth, which, if, you’re smart, is mostly in investment portfolios in real estate and/or securities.
Your available liquid assets on-hand as a billionaire, should be very small.
Less than or equal to the year-on-year inflation rate as a percentage of my assets would be my rule of thumb for cash, but that’s my own pie-in-the-sky arbitrary bullshit.
Yep I know this. If you look at the comment I was responding to. They said that he paid 20% of his net worth in taxes in a year. Which was not true. The comment or even replied that I was right. It’s just a math error. What you’re talking about is irrelevant. 🤷
I feel like that sounds mean but I’m not trying to be. You make very good points. It’s just not relevant to what was being said.
Income tax is over annual income, not your net worth, which, if, you’re smart, is mostly in investment portfolios in real estate and/or securities.
Your available liquid assets on-hand as a billionaire, should be very small.
Less than or equal to the year-on-year inflation rate as a percentage of my assets would be my rule of thumb for cash, but that’s my own pie-in-the-sky arbitrary bullshit.
Yep I know this. If you look at the comment I was responding to. They said that he paid 20% of his net worth in taxes in a year. Which was not true. The comment or even replied that I was right. It’s just a math error. What you’re talking about is irrelevant. 🤷
I feel like that sounds mean but I’m not trying to be. You make very good points. It’s just not relevant to what was being said.