Time's "Man of the Year" responds to Fauxahontas
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@89th said in Time's "Man of the Year" responds to Fauxahontas:
Haha prettayyyyyyyyyyyyy good
But wait! There's more!
Musk was awarded options in 2012 as part of a compensation plan. Because he doesn’t take a salary or cash bonus, his wealth comes from stock awards and the gains in Tesla’s share price. The 2012 award was for 22.8 million shares at a strike price of $6.24 per share. Tesla shares closed at $1,222.09 on Friday, meaning his gain on the shares totals just under $28 billion…
The options expire in August of next year. Yet in order to exercise them, Musk has to pay the income tax on the gain. Since the options are taxed as an employee benefit or compensation, they will be taxed at top ordinary-income levels, or 37% plus the 3.8% net investment tax. He will also have to pay the 13.3% top tax rate in California since the options were granted and mostly earned while he was a California tax resident.
Combined, the state and federal tax rate will be 54.1%. So the total tax bill on his options, at the current price, would be $15 billion.
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@89th said in Time's "Man of the Year" responds to Fauxahontas:
Good info and tweet! Sometimes it amazes me a public figure like Warren will post something without knowing the facts.
Maybe she's been on the Michelob Ultra again
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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@89th said in Time's "Man of the Year" responds to Fauxahontas:
Good info and tweet! Sometimes it amazes me a public figure like Warren will post something without knowing the facts.
What makes you think she doesn’t know the facts? Why should that matter?
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Just knowingly propagating a dishonest narrative that she’s convinced herself, over a lifetime of social climbing, is a righteous and good one. Meanwhile it has always been entirely in service of her own personal social status, but that’s at a level she is unaware of. Standard human fare. Robotic in its predictability.
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@doctor-phibes said in Time's "Man of the Year" responds to Fauxahontas:
@89th said in Time's "Man of the Year" responds to Fauxahontas:
Good info and tweet! Sometimes it amazes me a public figure like Warren will post something without knowing the facts.
Maybe she's been on the Michelob Ultra again
Hilarious
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It’s always something.
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Me/rry/Christmas
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@lufins-dad said in Time's "Man of the Year" responds to Fauxahontas:
Good lord, the man is going to convince me to buy a Tesla at this rate.
I thought we reached peak silliness about a decade ago.
How wrong I was.
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She’s just lying and demonizing a fine citizen, It’s time for her to go away.
And she must know she’s lying. She claimed this earlier and he replied that he would be paying more federal taxes in 2021 than any other American citizen in our entire history. When a guy with 54MM followers tweets back at her, her entire staff would know about it in minutes.
It’s always something.
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@jon-nyc said in Time's "Man of the Year" responds to Fauxahontas:
She’s just lying and demonizing a fine citizen, It’s time for her to go away.
And she must know she’s lying. She claimed this earlier and he replied that he would be paying more federal taxes in 2021 than any other American citizen in our entire history. When a guy with 54MM followers tweets back at her, her entire staff would know about it in minutes.
In the video in the tweet two posts before this one, Warren specifically mentioned the tax year 2018 as the year Musk (and Bezo) paid zero income tax. That doesn’t change even if, for tax year 2021, Musk pays a large amount in income tax, no?
