He can't sell all his shares immediately anyway. It is restricted stock because he is an affiliate. He can only release shares pursuant to Rule 144 of the Securities Act.
So, he would have to meet all conditions of 144 to and there are restrictions on the amount with each transaction. Amazon is a reporting company. So, the conditions would be something like:
1.) The shares will have needed to be held for atleast six months
2.)Cannot exceed trading volume, if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144.
3.) Has to be risk free routine transaction so the broker cannot receive more than normal commission.
4.) Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period.
Dude I wasn't even mad about Bezos, what makes them think I'll be mad about Trump? LOL
Should be mad about him.
Dude doubled his fortune because of bullshit lockdowns and everyone ordering shit from his site, while it was all made in china.
Annoying, but the Amazon tax news was years ago.
I think he means tax wise. Amazon stock rising in price doesn't mean Bezos cashed out his stocks and got any money for it yet.
When he does, He'll pay the same tax rate you do when you sell stocks.
Lots of peope don't realize Bezo's net worth is tied to Amazon. It's not liquid cash Bezos has.
If he sold all his shares, the stock would crash immedately.
He can't sell all his shares immediately anyway. It is restricted stock because he is an affiliate. He can only release shares pursuant to Rule 144 of the Securities Act.
So, he would have to meet all conditions of 144 to and there are restrictions on the amount with each transaction. Amazon is a reporting company. So, the conditions would be something like:
1.) The shares will have needed to be held for atleast six months
2.)Cannot exceed trading volume, if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144.
3.) Has to be risk free routine transaction so the broker cannot receive more than normal commission.
4.) Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period.
U sound like Bernie
How so?
Even if I were mad about it, what am I going to do? Vote for Biden?
/Cenk mode activated "Of coooourse" /Cenk mode deactivated
Of cooooourse 🤣
If you're rich and you're not paying a professional to save you the most money on your taxes - you're a fucking idiot.
Taxation is theft. And once again, this just proves Trump isn't an idiot