this post was submitted on 16 Apr 2024
569 points (92.8% liked)

Uplifting News

11488 readers
222 users here now

Welcome to /c/UpliftingNews, a dedicated space where optimism and positivity converge to bring you the most heartening and inspiring stories from around the world. We strive to curate and share content that lights up your day, invigorates your spirit, and inspires you to spread positivity in your own way. This is a sanctuary for those seeking a break from the incessant negativity often found in today's news cycle. From acts of everyday kindness to large-scale philanthropic efforts, from individual achievements to community triumphs, we bring you news that gives hope, fosters empathy, and strengthens the belief in humanity's capacity for good.

Here in /c/UpliftingNews, we uphold the values of respect, empathy, and inclusivity, fostering a supportive and vibrant community. We encourage you to share your positive news, comment, engage in uplifting conversations, and find solace in the goodness that exists around us. We are more than a news-sharing platform; we are a community built on the power of positivity and the collective desire for a more hopeful world. Remember, your small acts of kindness can be someone else's big ray of hope. Be part of the positivity revolution; share, uplift, inspire!

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] partial_accumen 20 points 7 months ago (1 children)

It’s all stock assets, so he IS a billionaire, he just cant access those billions unless he liquidates his stock assets.

You didn't read the article did you, but even without reading it you'd know he'd have to have a huge amount of income for the year (not just stock appreciation) to have a $275 million tax bill.

'Cuban, who is also one of the stars on ABC's "Shark Tank," has an estimated net worth of $5.4 billion and says his tax bill is "almost all long term capital gains," which almost certainly triggered a federal long-term capital gains tax of 20%.'

Lets assume generously that 100% if that is long term cap gains taxes (which you only get taxed on the sale of assets). In 2023 he would have had to have sold $1.375 billion in stock he'd held for more than one year.

[–] [email protected] 1 points 7 months ago

Hey. You rite.

Mark Cuban is my current rich hero.

He is a douche in all of the correct ways.

I made a deeper dig at Trump and Musk who are flexing internet stock like there haven't been 10 crashes to show us why Ian and Anthony aren't running for billionaire office this second.