Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Wed Oct 27 13:56:51 +0000 2021

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Judd Legum @JuddLegum

6. Musk paid ZERO income taxes in 2018. And he paid just over a 3% effective rate from 2014-2018. Middle-class Americans are paying far more than that right now A new tax on unrealized capital gains for billionaires only begins to level the playing field 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

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Judd Legum @JuddLegum

7. Some say billionaires will just evade this new tax. But tax gurus for the ultra rich say this tax will be very difficult to avoid. "This is going to be perhaps the most difficult tax we have ever seen in terms of trying to plan to minimize it" https://t.co/QsCcDxqxJZ — PolitiTweet.org

Posted Oct. 27, 2021 Hibernated