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Last Checked Oct. 14, 2021

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Fri Sep 24 21:26:50 +0000 2021

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Nassim Nicholas Taleb @nntaleb

Something completely missed in the journalistic accounts of net worth: when someone is said to be worth "x billion", it's in pretax money. You need to reduce by the capital gains tax rate. Now this is hitting them as the money that stayed unrealized for a long term may be taxed. — PolitiTweet.org

Posted Sept. 24, 2021