Green New Deal

[MICHHAWK]

A starting hourly rate of $15.00/hr is pretty good.

[Geezer]

A starting hourly rate of $15.00/hr is pretty good.

Maybe in Ft. Scott.

[Mjl]

15/hour is still only low $30k range annually, which although better than some retail jobs, isn’t exactly a comfortable living.

Anyone wanna take a stab at what the CEO to worker pay ratio is for Amazon?

Which workers? Salary-wise Bezos makes 5 figures.

[TDub]

A starting hourly rate of $15.00/hr is pretty good.

Maybe in Ft. Scott.

You must be joking. 15/hr isnt high enough starting wage for you? Jfc

[chiknbut]

My teenage daughter is excited about starting her Dunkin Donuts job Friday. Right around the corner, $12 per hour.

Of course she doesn't have a family to support. Or need health insurance. Or auto insurance.

[ousdahl]

15/hour is still only low $30k range annually, which although better than some retail jobs, isn’t exactly a comfortable living.

Anyone wanna take a stab at what the CEO to worker pay ratio is for Amazon?

Which workers? Salary-wise Bezos makes 5 figures.

What if you include stock options and stuff?

[Mjl]

My teenage daughter is excited about starting her Dunkin Donuts job Friday. Right around the corner, $12 per hour.

Of course she doesn't have a family to support. Or need health insurance. Or auto insurance.

If you're making minimum wage you get Medicaid.

And you would expect she works hard to show she deserves more than that. And that she can find a new job that will pay her more if they don't after she has that experience.

[Mjl]

15/hour is still only low $30k range annually, which although better than some retail jobs, isn’t exactly a comfortable living.

Anyone wanna take a stab at what the CEO to worker pay ratio is for Amazon?

Which workers? Salary-wise Bezos makes 5 figures.

What if you include stock options and stuff?

Doesn't get stock options.

[ousdahl]

Interesting.

Then how did he become the world’s richest dude on a 5 figure salary?

[Geezer]

He retains roughly 1/6 of outstanding shares of Amazon.

[Mjl]

He retains roughly 1/6 of outstanding shares of Amazon.

Right, but they're actual shares, not options.

[Geezer]

He retains roughly 1/6 of outstanding shares of Amazon.

Right, but they're actual shares, not options.

Yup and never been taxed.

[TDub]

Noone has to pay taxes when gains are reinvested into the company. Amazon doesnt pay cash dividends to Bezos, therefore, no tangible income gain. If and when he cashes his shares he will be subject to taxes.

[ousdahl]

good discussion guys, thanks.

apparently Bezos's's wealth is from his shares, which he's had since founding Amazon. His salary is low cuz he hasn't had a raise in 20 years.

I wish I learned more about this in like school. But instead of learning how money works, I learned shit like, the mitochondria is the powerhouse of the cell.

Don't get me wrong, I think biology is worth knowing too. I'm glad I learned it, it's badass shit, and def more interesting than money. I just wish my extensive knowledge of mitochondria made me so rich that I didn't need a raise for 20 years.

[Mjl]

Noone has to pay taxes when gains are reinvested into the company. Amazon doesnt pay cash dividends to Bezos, therefore, no tangible income gain. If and when he cashes his shares he will be subject to taxes.

At 15%, right? That's kinda messed up. I get that it incentivizes investment - but it's a very regressive result.

[TDub]

I think its at 19% or 19.5. Somewhere in that range

[Shirley]

[Mjl]

Thought the new tax plan got rid of the 20% bracket - guess not. Thank ya ma'am.

[Deleted User 89]

thanks!

i was actually just looking for that info the other day

doesn't it matter what tax bracket you're in? or are all those numbers taxable income, and it doesn't matter what the "capital gain" total is?

[TDub]

Not on long term (more than 1 year) capital gains. They are governed by the bracket above based on profit amount. If you have capital gains in the short term (less than 1 year) you are subject to taxes at your federal tax bracket rate.

Note this is applicable to assets only - capital gains tax rates on property sales are governed by a different set of rules and can be deferred completely (up to 250,000 per individual or 500,000 per married couple) provided you only file for the exemption once every 2 years. If you're flipping properties more often than that there is a seperate (and higher) capital gains tax bracket that is used to determine your tax rate.