Impossible numbers

In Mondays New York Times, there was a story about Hedge Fund managers who earn 10 figure incomes. For those of us who are not very good at math, that means that they earned more than ONE BILLION DOLLARS.

You read that right.

David Tepper:  $2.2 Billion
Ray Dalio  $ 1.7 Billion
Steven A. Cohen:  $1.4 Billion
James Simons:  $1.1 Billion

What did these men do? What products did they create? How many people did they employ?

What was the average amount of Federal Income Tax that they as a group paid?

zero

Not one penny in Federal Income Taxes. Oh yes, they did pay 15% capital gains taxes but they paid NO SOCIAL SECURITY AND NO MEDICARE TAXES.

I am a pretty smart guy but this makes no sense to me. Call your Congressperson and ask them why really rich people  don't pay Federal Income Taxes.

Maybe the  billionaire Leona Helmsley was right when she said, "Only the little people pay taxes." in the year 1989.

Something to think about.