• Rusty Shackleford
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    -33 months ago

    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.

    • @LazyPhilosopher
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      73 months ago

      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.