I’m sure he still pays less than he should
That’s 20% of his listed net worth. On an annualized basis I’d say it’s pretty fair.
His networth is 5.4 billion. 20% of that is a bit over a billion… So not really.
I think you divided 5.4 billion by $275 million. Saw that it came out to almost 20. That means it’s about 5%. Easy mistake to make. I do it all the time.
i believe networth is what his money is for companies he owns/has stock in, not what he makes every year
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.