Time's "Man of the Year" responds to Fauxahontas
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@Axtremus said in Time's "Man of the Year" responds to Fauxahontas:
Musk pays a large amount in income tax, no
No.
He takes only the required salary from Tesla that California requires - minimum wage. He pays negligible tax, if any, on that.
Now, dividends, etc....
https://www.cnn.com/2021/11/09/business/elon-musk-wealth-tesla-stock/index.html
For the uninitiated: Musk, like many ultra-wealthy heads of companies, doesn't receive a paycheck like regular people. When you see headlines about his net worth topping $300 billion, it's fun to imagine him diving into a vault of gold coins, a la Scrooge McDuck. But that eye-popping number refers mostly to Musk's equity stake in Tesla, his trillion-dollar electric vehicle company.
Taxes, not Twitter, are the real reason Elon Musk might sell some Tesla shares
In fact, Musk rarely misses a chance to remind us that he does not take a cash salary or bonus. "I only have stock, thus the only way for me to pay taxes personally is to sell stock," he tweeted over the weekend.Of course, everyone one's gotta eat. So how's a gazillionaire supposed to get a bagel and cup of coffee these days? Or ... a yacht?
Credit, mostly. Musk and other uber-wealthy folks borrow substantially from banks, using their stock or other assets as collateral.
But Lyin' Liz doesn't mention that.
@George-K said in Time's "Man of the Year" responds to Fauxahontas:
But Lyin' Liz doesn't mention that.
How is Liz “lying” for not mentioning Musk’s 2021 taxes?
When one says “two days ago it was not raining”, one does not then also be lying if one does not mention that it rains two days later, no?
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It might be interesting to see how much Elon Musk's enterprises generate in federal, state and local income taxes from employees, property taxes and corporate taxes.
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It might be interesting to see how much Elon Musk's enterprises generate in federal, state and local income taxes from employees, property taxes and corporate taxes.
@Mik said in Time's "Man of the Year" responds to Fauxahontas:
It might be interesting to see how much Elon Musk's enterprises generate in federal, state and local income taxes from employees, property taxes and corporate taxes.
While that's extremely relevant in the grand scheme of reality, in this thread it doesn't matter. He didn't pay income tax because he had fvcking INCOME. Even @asstremus should understand that.
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Typical left wing populism. Obviously, she knows better than that.
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Pretty dumb stuff by her.
I seriously doubt that anyone's parents wished that their kids grew up poor. You do the best you can, and if you are fortunate to be rich, you do what you can legally to keep that money. As @Jolly said, I am sure guys like him spend USD$millions on accountants to save him USD $tens of millions.
