Monday, December 09, 2024

How Nvidia’s Jensen Huang is avoiding $8 billion in taxes. Really!

Reeks of Marxism and envy! 

A very one-sided story insinuating he does not pay his fair chair or something along these lines!

What these usual slanderers usually not tell is how much in taxes Jensen already pays or has paid! E.g. Google & Bing search do not answer this question.

How much will Jensen donate to philanthropy?

"Jensen Huang runs Nvidia, the world’s top chipmaker and most valuable company. His wealth has soared during the AI boom, and he has taken advantage of a number of tax dodges “that will enable him to pass on much of his fortune tax free,” according to the New York Times. (The New York Times) ..."

"... Jensen Huang, the chief executive of Nvidia, is the 10th-richest person in the United States, worth $127 billion. In theory, when he dies, his estate should pay 40 percent of his net worth to the government in taxes. ..."

AI’s hype and antitrust problem is coming under scrutiny

How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes "The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated."



No comments: