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Suppose Mr. Bezos invested $1,000,000 in Amazon shares in 2001. These same shares are now worth $120,000,000,000. If he received no dividends and did not
Suppose Mr. Bezos invested $1,000,000 in Amazon shares in 2001. These same shares are now worth $120,000,000,000. If he received no dividends and did not sell any of the shares, the amount of personal taxes paid over the past 19 years on the 2001 investment is? (Assume the capital gains tax rate is 35%)
Question 5 options:
A | Zero. |
B | 35% of $120,000,000,000. |
C | 35% of $119,999,000,000 ($120,000,000,000 - $1,000,000). |
D | 35% of $1,000,000. |
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