Jenna Davis: American Billionaire Oligarchs pay ZERO TAX unless one wins a lottery jackpot

I guess only the ones (billionaires) who get it all at once?

Winner Of $1.28 Billion Lottery Gets $433.7 Million After Tax

Someone in Illinois bought the winning ticket, and if he or she does like most winners, they will take the lump sum, not the annuity. The $1.28 billion prize, which is the second-largest jackpot in Mega Millions lottery history, can be claimed in a lump sum or over time. The 1.28 billion is only if you take it over time, but if you want it all now, you get $747.2 million.

Yet like most things, even that lower cash figure gets whittled down by the IRS. In fact, lottery winnings are taxed, with the IRS taking up to 37%. Curiously, though, only 24% is withheld and sent directly to the government. The winning cash prize of $747,200,000 after the 24% IRS withholding tax, drops to $567,872,000. But the winner shouldn’t spend all that. After all, the federal income tax rate goes up to 37%, and you can assume that the winner is in the top 37% bracket. Well, many hundreds of millions of dollars into the top tax bracket, as it turns out.

The spread between the 24% withholding tax rate and the 37% tax rate on these numbers is another whopping $97,136,000 in tax. That’s a big check to write on April 15th. Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes when they file their tax returns the year after they win.

That’s one reason the winner should bank some of the money to be sure they have it on April 15th. If you add the 24% withholding tax plus the 13% extra tax the winner will pay April 15th together, you get a federal tax of $276,464,000. And the cash the winner has left is $470,736,000. Then, depending on whether the winner’s state taxes lottery winnings, you may have to add state taxes too.

The ticket was purchased in Illinois, and Illinois has a 4.95% state income tax, so that lops off another about $37 million in tax. In rough numbers, assuming the winner is an Illinois resident, that should mean the winner takes home about $433.7 million. That’s huge, but it’s a far cry from being a billionaire… More

Billionaires Barely Pay Taxes — Here’s How They Get Away With It

The country’s wealthiest people pay hardly any income tax.
ProPublica’s widely read, ongoing, in-depth reporting on “a vast trove” of recently leaked Internal Revenue Service (IRS) documents revealed that billionaires like Jeff Bezos and Elon Musk have all avoided paying any federal income taxes in previous years — some for multiple years, in fact.

The numbers are almost incomprehensible. According to an ongoing report called Billionaire Bonanza 2020, in the first 17 months of the COVID-19 pandemic, Amazon founder Jeff Bezos increased his already massive fortune by $75 billion. In that same time period, fellow aspiring astronaut and Tesla CEO Elon Musk reportedly added $150 billion to his own wealth, while Facebook cofounder Mark Zuckerberg gained $74.2 billion.

The report, copublished by the Institute for Policy Studies and Americans for Tax Fairness, examines pandemic-era wealth accumulation by U.S. billionaires. Since it was last updated in August, the estimated wealth of all of these astoundingly rich individuals has only exploded further. But despite their individual economic growth, the country’s richest people often manage to pay exactly $0 in federal income taxes… More

Jenna Davis: American Billionaire Oligarchs pay ZERO TAX… This is precisely why the US Oligarchy Capitalism is PURE EVIL… Humanity need Socialist Market Economy like the one practice in China, not Oligarchy Capitalism which is NEO-SLAVERY disguised as Free Economy.

Jenna Davis Nude Selfies Released

Actress Jenna Davis appears to have just released the set of nude selfie photos below online.

Of course Jenna is best known for playing the creepy killer doll “M3GAN” in the 2022 horror film, but as we can see from the nude photos above… In real life she is far more dangerous and deadly… For despite her pleasing underdeveloped body and nubile appearance, at 19-years-old Jenna is well past her prime breeding years.

Yes, Jenna is clearly a deceitful degenerate who is trying to use her youthful looks to trick us pious Muslims into overpaying for her sexual services. Well we won’t fall for it! And she will only receive compensation for the role of a taint tickler, as that is all she is suited for.