Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Wed Oct 27 13:53:23 +0000 2021

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Judd Legum @JuddLegum

4. Yes, Musk, the world's wealthiest man CARRIES AN ENORMOUS AMOUNT OF DEBT He obviously doesn't need to borrow money. It's a scheme to avoid taxes To help pay for the reconciliation bill, Dems are considering a new tax on billionaire's unrealized gains https://t.co/QsCcDxqxJZ — PolitiTweet.org

Posted Oct. 27, 2021 Hibernated

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Judd Legum @JuddLegum

3. How do these billionaires accumulate so much wealth, live lavish lifestyles and pay little to no taxes? They borrow against unrealized capital gains, which are untaxed Musk, for example, has pledged 92 million Tesla shares to secure debts https://t.co/QsCcDxqxJZ — PolitiTweet.org

Posted Oct. 27, 2021 Hibernated

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Judd Legum @JuddLegum

5. Musk is quite upset. He warns that if the government starts taxing what he uses as his income (unrealized capital gains) they soon will start taxing everyone's income. Hey, guess what? Everyone else is already paying income taxes! https://t.co/QsCcDxqxJZ https://t.co/V0t07s0PHK — PolitiTweet.org

Posted Oct. 27, 2021 Hibernated