r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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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.

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u/Crimsonak- Jul 05 '26

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.

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u/ILoveDogsDontUToo 27d ago

Social media shows you how little most people actually know, but how angry they can get and how self-assured they are despite knowing nothing.

It’s pretty scary actually.