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UP / Thumb of Michigan | Oh, I can read just fine.
The first and last column are irrelevant to income taxes. If all I own (for example) a share of stock worth $1.00 on January 1, hold it all year, and its worth $3.00, I've increased my wealth by a factor of 3. I'm not taxed on that. Not until its sold. And then, its taxed as capital gains if I sell it after 1 year. Not earned income. But it needs to be sold to get taxes assessed.
I'm going to assume the first column represents increased net worth. Thats not taxed until its realized.
The last column is based on the first column. So that makes it by default an irrelevant number.
The only column that based on a real example is 2 and 3. Warren, for example, paid an effective tax rate of about 19%. Based on the numbers given. I didn't run the other numbers.
I have no clue what the taxes actually paid consist of: could be earned income, could be capital gains. Its defiantly not on unrealized gains.
I feel like I should attach this as I don't think you have a grip on the US tax code. In fact its fairly obvious. https://www.jacksonhewitt.com/tax-help/tax-tips-topics/personal-fina...
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Playing with fire
