Elon Musk Throws a Fit Over Taxes.

Regular Member Posts : 7317 Join date : 2014-07-29

10-28-2021

Elon Musk throws a fit over the possibility of being taxed his fair share.

As a reminder, Musk was worth $287 billion as of yesterday
and paid nothing in income taxes in 2018.

Elon Musk and Jeff Bezos, the richest people in the world, have been able to get away with paying zero dollars and zero cents in income taxes in some years.

Given that Musk paid nothing in income taxes in 2018 and, as of yesterday, was worth $287 billion, you might think that he’d reflect on his situation and say__

“You know what? This is fine. The tax won’t affect my life in any way whatsoever, but it would help millions of people who make less money over the course of their entire lives than I do in a single day. So go for it—make me pay my fair share.” But...surprise! Instead, he’s thrown a predictable hissy fit over the whole thing.

There are approximately 700 billionaires in the USA.
They often pay nothing in income taxes.

Regular Member Posts : 7317 Join date : 2014-07-29

10-29-2021

Elon Musk blasted for attack on billionaire tax.

SpaceX and Tesla founder Elon Musk drew outrage Thursday after publicly complaining that his vast wealth would be further taxed under a new proposal by Sen. Ron Wyden, aimed at raising revenue to pay for social supports under the Build Back Better Act.

As Democrats continued debating what would be included in the plan—which the majority of party members want to provide paid family leave to workers, far-reaching climate action and green jobs, Medicare reforms to allow the federal government to negotiate drug prices, and other provisions.

Musk's comments caught the attention of economic justice advocates including Patriotic Millionaires—
the coalition of wealthy Americans who believe they should be taxed at a much higher rate to help narrow the wealth gap—
-which noted the Tesla founder himself relied on "other people's money" to build his empire.

"Millions of hard-working people who do their part for the country every day, while entitled 'technokings' like Elon Musk shirk their most basic responsibilities."

"Elon Musk was born with an emerald spoon in his mouth, and when he needed more money for his various schemes, he turned to U.S. taxpayers for billions of dollars of subsidies and direct handouts,
" said Erica Payne, president and founder of Patriotic Millionaires.

Musk's companies—Tesla, SolarCity Corp., and SpaceX—
received an estimated $4.9 billion in federal funding as of 2015 via subsidies and direct
grants from the Treasury Department.

"Government support is a theme of all three of these companies, and without it none of them would be around," hedge fund manager Mark Spiegel, whose firm shorted Tesla's stock, told the Los Angeles Times in 2015.

Musk's companies also "rely on a workforce educated by public tax dollars and a physical, legal and economic infrastructure built, maintained,
and paid for by American taxpayers," Payne said.

"It's too bad we can't tax egos," she added.
"We could pay off the entire federal debt with a miniscule tax on this guy's overblown opinion of himself."

Payne's disdain was echoed by political observers.

Musk's opposition to Wyden's Billionaires' Income Tax—which would apply to about 700 taxpayers with over $1 billion in assets or more than $100 million in income for three consecutive years, and would impose an annual tax on tradable assets, whether or not they are sold—shows why the proposal is needed, wrote Greg Sargent at The Washington Post.

On Twitter, Sargent wrote that according to Musk, government investments in companies like his own are "good and visionary" while investing in an expanded child tax credit, paid family leave, and other anti-poverty initiatives are equal to "bad taking" of public resources.

In response to Musk's comments, as Democrats continued their negotiations on Thursday, Patriotic Millionaires sent a mobile billboard around Capitol Hill, displaying an image of Musk and the text:
"Elon Musk: 300 billion more reasons to tax the rich."

The billboard also mocked what the group called Musk's "baffling decision to change his title at Tesla
to 'Technoking'," displaying an image of the billionaire with the text "Techno 'Mooch' King."

Billboard showing Elon Musk, displayed by Patriotic Millionaires on Capitol Hill Thursday.

"Musk paid a 3.27% tax rate on $13.9 billion in gains between 2014 and 2018. Since then, Musk has earned over a hundred billion dollars more, and paid even less on those gains," said Payne.

"Someone earning just $25,000 a year in income pays a top rate of 12%, almost four times what he paid. Millions of hard-working people who do their part for the country every day, while entitled 'technokings' like Elon Musk shirk their most basic responsibilities."

"This country made him rich, He owes us."

Posts : 429 Join date : 2018-12-29

Lookin like Musk will be doanating bigly to DJT now LOL.
inco cho and giggles BAHD.... AWNG man Good. Laughing

Regular Member Posts : 7317 Join date : 2014-07-29

louie wrote:: Lookin like Musk will be doanating bigly to DJT now LOL.
inco cho and giggles BAHD.... AWNG man Good.

Musk has been donating to trump..
So-- nothing new to get excited over, same ol'.

Regular Member Posts : 7317 Join date : 2014-07-29

11-7-2021

Elon Musk is now so incensed about the proposed billionaire tax that he's attacking a U.S. Senator's "pp."

In a tweet Sunday, screen-captured below, the Tesla and SpaceX creator claimed that the senator appeared to orgasm as a result of a Nov. 6 tweet addressing the fact that Musk and other rich billionaires don't pay taxes.
Musk, who is about to be the world's first trillionaire, was found to owe $15 billion in taxes
off of his stock options, reported CNBC.

"Musk asked his 62.7 million Twitter followers over the weekend whether he should sell 10 percent of
his Tesla holdings," noted the report.

"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10 percent of my Tesla stock," he tweeted with a poll.

"The Tesla CEO said he would 'abide by the results
of this poll, whichever way it goes.'
The results were 58 percent in favor of selling and 42 percent against, suggesting he will sell the shares."
Musk has also been mocked for the shape of his SpaceX rocket being remarkably phallic.
He is using it as his avatar on Twitter.

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