Microsoft just acquired LinkedIn this past December for $26 billion. LinkedIn has more money, people, and technology behind it than ever. LinkedIn’s continuing to grow nicely. It had 433 million users at the end of Quarter 1 2016. That increased to 450 million in Quarter 2. And it sits at 463 million as of Quarter 3.
Who made the most in Pandemic?
The “Make Billionaires Pay Act” would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill would tax $731 billion in wealth accumulated by 467 billionaires since March 18, according to a press release. If passed, the bill would tax billionaires on wealth accumulated through the end of the year, however.
Here’s how much some would pay under the bill due to wealth gains between March 18 and Aug. 5, according to a release accompanying the bill:
- Amazon CEO Jeff Bezos would pay a one-time wealth tax of $42.8 billion.
- Tesla and SpaceX CEO Elon Musk would pay a one-time wealth tax of $27.5 billion.
- Facebook CEO Mark Zuckerberg would pay a one-time wealth tax of $22.8 billion.
- The Walton family would pay a one-time wealth tax of $12.9 billion.
