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Elon Musk rips Democrats' billionaire-tax plan that could slap him with a $10 billion annual bill

dblack

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AZrailwhale

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I’m sure the Top 1% would love to go back to that tax code with all the deductions they had. Their effective tax rate is a little over 20% today.

When we look at income taxes specifically, the top 1 percent of taxpayers paid an average effective rate of only 16.9 percent in income taxes during the 1950s.[4]

Yep, back then almost everything but breathing was tax deductible.
 

Orangecat

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Personally, I think the rich should pay their fair share.
The rich already pay more than their "fair share", whatever the fuck that subjective term means.
 

ILOVEISRAEL

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Why do you care !!! (what the RICH should pay???)

Do you ever just stop..

And listen to yourself?
What’s wrong with asking a question???????
That’s all we have been hearing from the Democrats.
Do you ever just stop?
And call a Psychiatrist ?
 

Dana7360

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Where were you when trump blew up the deficit? Dont act like overspending is just a dem thing. Otherwise, we'd have to call you a liar.


There is a very big difference between democratic and republican spending.

Republicans spend a lot more, they don't pay for what they spend while at the same time cutting taxes. They waste money on unnecessary wars and welfare to big business.

The average American citizen gets zero or next to zero from all of the out of control spending republicans do when they are in power.

Democrats don't spend as much, the do pay for some if not most of their spending and they don't cut taxes. They go along with the out of control spending on unnecessary wars and military. They go along with the welfare to big business.

The average American does get something from democratic spending. We get roads, schools, health care, social security, alternative energy, technology, research and development.

We would get a lot more of that if republicans didn't do everything they can to stop it.

One very important thing we get from republicans. A destroyed economy.

The one very important thing we get from democrats, they clean up, or at least tries, to clean up the economic mess the republicans create and leave behind.
 

dblack

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There is a very big difference between democratic and republican spending.

Republicans spend a lot more, they don't pay for what they spend while at the same time cutting taxes. They waste money on unnecessary wars and welfare to big business.

The average American citizen gets zero or next to zero from all of the out of control spending republicans do when they are in power.

Democrats don't spend as much, the do pay for some if not most of their spending and they don't cut taxes. They go along with the out of control spending on unnecessary wars and military. They go along with the welfare to big business.

The average American does get something from democratic spending. We get roads, schools, health care, social security, alternative energy, technology, research and development.

We would get a lot more of that if republicans didn't do everything they can to stop it.

One very important thing we get from republicans. A destroyed economy.

The one very important thing we get from democrats, they clean up, or at least tries, to clean up the economic mess the republicans create and leave behind.
Horse. Shit.
 

andaronjim

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Tesla has a $1 Trillion evaluation. Musk is not worth a trillion you dumb piece of shit.
Bwwwahahhhaaaaa. Yet the dumbocraps on Congress think that Elon has billions of dollars under his bed, and want it now.. Thanks for making my point.
The truth is that we don't properly tax the rich so the government comes after the rest of us.

That has been happening since the reagan years.

The government doesn't go after the filthy rich but has absolutely no problem with going after the rest of us and they've been doing it for over 40 years since reagan.

So the government is FINALLY going to go after the filthy rich who have been allowed to pay nothing or next to nothing in federal income taxes for the last 4 decades.

The filthy rich have been spoiled and coddled for so long they believe they are entitled to not have to pay federal income taxes on the wealth they have accumulated.

This has to stop.

Now that it might, the filthy rich are whining and crying about it.

What a bunch of babies.
How come the poor never pay their fair share. I pay over $100,000 a year in taxes, and most of the poor dont even make that much. Fuck the poor because they dont do anything for the country while i pay a very large share, and you whiney ass prog slaves demand i pay more.
1635352464255.png
 

andaronjim

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Meaningless point is meaningless.
No, but i am working hard on getting there. When i do, you can bet i will be there going against the most Evil Darth Soros.
 

andaronjim

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There is a very big difference between democratic and republican spending.

Republicans spend a lot more, they don't pay for what they spend while at the same time cutting taxes. They waste money on unnecessary wars and welfare to big business.

The average American citizen gets zero or next to zero from all of the out of control spending republicans do when they are in power.

Democrats don't spend as much, the do pay for some if not most of their spending and they don't cut taxes. They go along with the out of control spending on unnecessary wars and military. They go along with the welfare to big business.

The average American does get something from democratic spending. We get roads, schools, health care, social security, alternative energy, technology, research and development.

We would get a lot more of that if republicans didn't do everything they can to stop it.

One very important thing we get from republicans. A destroyed economy.

The one very important thing we get from democrats, they clean up, or at least tries, to clean up the economic mess the republicans create and leave behind.
A destroyed economy.


Is not by taxing people to death, but buy spending more than the government takes in. 4 trillion dollars go into the government while they spend 5 trillion or more. CUT THE FUCKING SPENDING, stop paying the poor to sit on their progressive slave ass.

b2b644a3140e9a2215c7e8b1ef7954c1.jpg
 

Nostra

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JohnDB

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Jeff Bezos is the Example they like to use.
The man draws an $80,000 salary on a yearly basis. He owns literally billions in assets but only pays taxes on the eighty thousand.

How is this possible?
Jeff can borrow 500 million dollars on every Billion dollars of stock...and if some of that money was for a mortgage and property tax it's tax deductible. The 80K is just for the servicing of the debts.

And so they want to just take his assets as taxes. 15% annually.

There are a LOT of what we call "paper millionaires" meaning they are worth millions on paper but have a low income. Usually these are farmers who inherited land and farm equipment inside of trusts. It can be apartments and house rentals too. Meaning that it will cause some people to become "homeless" when they can't afford the taxes on their property.

They will be wiped out by this.

It's not a good idea.

Not to mention what it will do to the average person's retirement portfolio. (15% evaporated annually...more than most mutual funds grow annually)

Getting the picture yet?
 

andaronjim

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andaronjim

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Jeff Bezos is the Example they like to use.
The man draws an $80,000 salary on a yearly basis. He owns literally billions in assets but only pays taxes on the eighty thousand.

How is this possible?
Jeff can borrow 500 million dollars on every Billion dollars of stock...and if some of that money was for a mortgage and property tax it's tax deductible. The 80K is just for the servicing of the debts.

And so they want to just take his assets as taxes. 15% annually.

There are a LOT of what we call "paper millionaires" meaning they are worth millions on paper but have a low income. Usually these are farmers who inherited land and farm equipment inside of trusts. It can be apartments and house rentals too. Meaning that it will cause some people to become "homeless" when they can't afford the taxes on their property.

They will be wiped out by this.

It's not a good idea.

Not to mention what it will do to the average person's retirement portfolio. (15% evaporated annually...more than most mutual funds grow annually)

Getting the picture yet?
Warren Buffet only takes a dollar salary per year. All his money is tied up in assets also.
 

JohnDB

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Warren Buffet only takes a dollar salary per year. All his money is tied up in assets also.
Its an absolute redistribution of wealth.
Meaning that in ten years America won't exist anymore. Only the politburo of the people's republic will have any wealth.
 

Cellblock2429

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We should also be smart enough to see through their statements as musk is targeting to make normal people afraid of something that affects him.
/---/ It will affect all of us. Get out of your bubble where you think you are immune from the liberal agenda.
 

Iamartiewhitefox

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Dems: taxes are not the answer. Taxes have never been the answer. Taxes were not the answer for the Romans. All know that. How can you think that taxes will be the answer now? Christ in our mind is the answer, giving to people what they request, not being greedy. Eternal life is on the line.
 

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