If Michael Bloomberg made 5% per year on $20 billion, and paid half his taxes on long term capital gaines and half on dividend interest, will he "earn" an extra $295 million over the two years with Obama’s Tax Deal?

"President Barack Obama should tell Democrats angered by his compromises with Republicans

on extending tax cuts to “suck it up,” New York City Mayor Michael Bloomberg said.

“He says, ‘Look, this is what I did, this is the best I can do. Suck it up,’” Bloomberg said,

when asked how Obama should deal with Democrats angered by the tax measure

and other compromises with Republicans."

Molly Peterson and Gopal Ratnam

If Michael Bloomberg is worth about $20 billion,
and makes about $1 billion per year on long term capitol gaines and dividend interest
could he save about $295,470,320 over two years if Obama’s Tax Deal passes?

.......…………….............…………..…Tax Cuts Extended…………….Tax Cuts Expired

Dividends and LT Capital Gains...........$1,000,000,000…………………$1,000,000,000?

Tax Liability…………………................…..$149,948,250 ………………….$297,683,410?

Average Tax Rate………........................…..14.99%……………….....……. 29.77%?

$297,683,410 – $149,948,250 = about $147,735,160 x 2 years
= about $295,470,320?