Monday, January 10, 2022

Pays $8+ billion

Is Elon Musk living on the charity of average taxpayers? Certainly not. His intense work ethic, risk tolerance, intelligence and good ideas earned his wealth for him. But an American senator says he's "freeloading."

Actually, it's sort of hard to believe she made that ridiculous claim . . because this year he will pay the government over $8 billion dollars in taxes, a number too big for most of us to even imagine. That contrasts with her income ($174,000/year) which is taken entirely from taxpayers. He pays taxes, she receives taxes.

His companies provide jobs and income to over one-hundred-thousand taxpaying employees.

His tax bill is complicated, for sure, and apparently he paid none in 2018. But the senator's claim is short on facts and misleading.

Envious people are bothered at seeing others do well even when it does them no harm. This might be envy, coming from an unreliable political partisan. 

from Forbes

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