Monday, September 30, 2024

Taxing Billionaires 9-30-24

Kamala Harris wants to increase taxes on Billionaires. The highest tax bracket for US income taxes is 37%. Billionaires use their net worth to secure billions of dollars in loans and Bond sales to invest in modern equipment and technologies to improve productivity and keep their companies growing.  They would use current, legal strategies to avoid Kamala’s “tax the rich” schemes. 

Forbes lists 200 Billionaires. Their “net worth” is noted. The top 12 list net worth from 100B to 200B. The next 23 Billionaires list net worth from $38B to $99B. Some are from other countries. This Forbes list includes Billionaires from all Countries.

The 2024 List of Billionaires in the World has been published in Forbes Magazine. Most of the Billionaires with foreign sounding names will not see their taxes go up because they don’t live here. 

Billionaires                Net Worth

Elon Musk                  $195B

Jeff Bezos                  $194B

Mark Zuckerberg       $177B

Larry Ellison              $141B

Warren Buffet            $133B

Bill Gates                  $128B

Steve Ballmer           $121B

Mukesh Ambani       $116B

Larry Page               $114B

Sergey Brin              $110B

Mike Bloomberg      $106B

Amancio Ortega      $103B

Carlos Helu             $102B

 

Francoise Myers    $99.5B

Michael Dell           $91.0B

Gautam Adani       $84.0B

Jim Walton            $78.4B

Rob Walton           $77.4B

Jensen Huang      $7.07B

Alice Walton         $72.3B

Dave Thomas      $67.8B

Julia Koch            $64.3B

Zhong Shanshan $62.3B

Charles Koch       $58.5B

Giovanni Ferrero $43.8B

Prajogo Pangestu $43.4B

Zhang Yiming     $43.4B

Tadashi Yanai    $42.8B

Phil Knight          $40.9B

Mark Mateschitz $39.6B

Klaus Kuehne    $39.2B

Colin Huang      $38.9B

Stephen Schwartzman $38.8B

Jacqueline Mars $38.5B

John Mars           $38.5B

Dieter Schwarz   $38.0B

https://www.forbes.com/billionaires/

These folks were called Millionaires before inflation. Many of them inherited companies and grew these companies. Others started companies from scratch.

Norb Leahy, Dunwoody GA Tea Party Leader

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