I am just calculating how much Jensen Huang made from his stock offloads. His wealth 10x in just 2 years. And he only pay 37% of his 500 million earnings in tax??? While average us worker pay 22% of our measly paychecks. Like he made 10000x more, but he only pays 1.5x in tax? How is this fair? This tax system is so broken. I propose a new tax bracket: 0 – 50k: 0% 50k – 100k: 10% 100k – 500k: 30% 500k – 1M: 50% above 1M: 70%
I am just calculating how much Jensen Huang made from his stock offloads. His wealth 10x in just 2 years.
And he only pay 37% of his 500 million earnings in tax???
While average us worker pay 22% of our measly paychecks.
Like he made 10000x more, but he only pays 1.5x in tax?
How is this fair? This tax system is so broken.
I propose a new tax bracket:
0 – 50k: 0%
50k – 100k: 10%
100k – 500k: 30%
500k – 1M: 50%
above 1M: 70%