Elon Musk claps back at Elizabeth Warren claim that he paid 'zero' in taxes

[Conservative]

Elon Musk claps back at Elizabeth Warren claim that he paid 'zero' in taxes

Tesla CEO Elon Musk clapped back at Sen. Elizabeth Warren, D-Mass., who claimed that he had paid “zero” in taxes in 2018. Musk cited his multi-billion-dollar anticipated tax bill for 2021.

www.foxbusiness.com

Tesla CEO Elon Musk clapped back at Sen. Elizabeth Warren, D-Mass., who claimed that he had paid "zero" in taxes in 2018. Musk cited his multi-billion-dollar anticipated tax bill for 2021.


"Elon Musk in 2018, we've actually seen his tax returns," Warren said Sunday. "You know how much he paid in taxes, one of the richest people in the world? Zero."

Musk paid no federal income taxes in 2018, according to a ProPublica report. Musk reportedly lives off of loans he takes from Tesla shares that he owns through stock options.

MUSK SAYS HIS TAX BILL FOR 2021 WAS OVER $11 BILLION

Would someone on the left please explain why what someone else pays or doesn't pay in taxes is so important? Looks to me like Class envy, jealousy and ignorance of what FIT and CIT funds and the actual revenue collected. Musk claims he will pay 11 billion in 2021 and has created thousands of jobs and paid historical dollars in state and local taxes through sales and property taxes. Is there ever going to be enough money collected in taxes to satisfy the liberal spending appetite?

And please stop the liberal bs about tax cuts having to be paid for because tax cuts aren't an expense and there is more than enough FIT and CIT revenue to fund the line items in the discretionary budget they were created to fund

 

[Lloyd Christmas]

What a bunch of moronic shit, but not surprising coming from a conservative.

Why does it matter regarding people paying taxes that fund the government? Why does it matter that all the wealth accumulates into a handufl of people while the country is ravaged by poverty, debt, drug addiction, shitty healthcare, etc etc etc? While nearly have the people in this country barely make enough money to get by, have no savings, because the greedy scumbags that take all the wealth?

Why do you people suck the dick of greedy assholes who actually cause all the problems while moronically blaming liberals, people of color and immigrant? I know, because you have no capacity to think for yourself and just believe the pro rich propaganda

God damn, the moronic, scummy shit conservatives post and then try to pretend they have moral high ground.

 

[slavablueberryjam]

What a bunch of moronic shit, but not surprising coming from a conservative.

Why does it matter regarding people paying taxes that fund the government? Why does it matter that all the wealth accumulates into a handufl of people while the country is ravaged by poverty, debt, drug addiction, shitty healthcare, etc etc etc? While nearly have the people in this country barely make enough money to get by, have no savings, because the greedy scumbags that take all the wealth?

Why do you people suck the dick of greedy assholes who actually cause all the problems while moronically blaming liberals, people of color and immigrant? I know, because you have no capacity to think for yourself and just believe the pro rich propaganda

God damn, the moronic, scummy shit conservatives post and then try to pretend they have moral high ground.

You're not wrong, but if I were to agree with you we would both be wrong.

Elon Musk net worth goes up-and-down according to what his stock price is. If he doesn't withdraw money from it, he then pays nothing on it. It's that simple. You can't be allowed to tax suppose worth because that would screw up the people who need the stock the most.

Yes, we do enjoy being submissive to "daddy". Daddy is really nice to me when I submit.

 

[slavablueberryjam]

Elon Musk claps back at Elizabeth Warren claim that he paid 'zero' in taxes

Tesla CEO Elon Musk clapped back at Sen. Elizabeth Warren, D-Mass., who claimed that he had paid “zero” in taxes in 2018. Musk cited his multi-billion-dollar anticipated tax bill for 2021.

www.foxbusiness.com

Would someone on the left please explain why what someone else pays or doesn't pay in taxes is so important? Looks to me like Class envy, jealousy and ignorance of what FIT and CIT funds and the actual revenue collected. Musk claims he will pay 11 billion in 2021 and has created thousands of jobs and paid historical dollars in state and local taxes through sales and property taxes. Is there ever going to be enough money collected in taxes to satisfy the liberal spending appetite?

And please stop the liberal bs about tax cuts having to be paid for because tax cuts aren't an expense and there is more than enough FIT and CIT revenue to fund the line items in the discretionary budget they were created to fund

You may not agree with this, but Elon isn't going to be giving you money just because you posted something "defending" him.

I hate being this, but the liberal and conservatives BOTH are responsible for spending money that isn't there. One spends in excess and then claims they need to raise taxes. The other spends in excess, but cuts the revenue so what works best? Is having a society not worth it? Because the liberals and conservatives both act like it isn't worth it.

 

[Conservative]

You're not wrong, but if I were to agree with you we would both be wrong.

Elon Musk net worth goes up-and-down according to what his stock price is. If he doesn't withdraw money from it, he then pays nothing on it. It's that simple. You can't be allowed to tax suppose worth because that would screw up the people who need the stock the most.

Yes, we do enjoy being submissive to "daddy". Daddy is really nice to me when I submit.

You will notice also the response from members of the left who are clueless about the federal budget and the line items in that budget along with the taxes paid to fund those line items. The cost of the Federal Gov't is basically 1.5 trillion dollars funded by FIT and CIT, the Cost of entitlements are funded by Payroll taxes and that is where the shortfall is but the left refuses to acknowledge that. When we have leftists here complaining about not enough tax revenue and taxes being an expense to the gov't that shows the very poor education system we have in this country. There is more than enough to fund the federal gov't, but the problem is entitlement which had trillions borrowed by the gov't never paid back and now creating the massive debt we have with of course the exception of 2020 when the pandemic shutdown the economy. The radical left will never understand basic civics and economics

 

[Conservative]

You may not agree with this, but Elon isn't going to be giving you money just because you posted something "defending" him.

I hate being this, but the liberal and conservatives BOTH are responsible for spending money that isn't there. One spends in excess and then claims they need to raise taxes. The other spends in excess, but cuts the revenue so what works best? Is having a society not worth it? Because the liberals and conservatives both act like it isn't worth it.

I don't expect any taxpayer to give me money unlike the left who believes that the gov't is funding their personal responsibility issues when it is really the taxpayers. I am not defending Musk, I am pointing out the false information posted by the left, calling tax cuts an expense, promoting class envy and jealousy, and totally ignoring the abuse of our tax dollars by the federal bureaucrats while claiming that tax cuts caused the deficit. Tax cuts didn't cause the deficits, entitlement spending and things like the Payroll tax holiday is causing the deficit. Support for the unified budget by the left is the problem

 

[slavablueberryjam]

You will notice also the response from members of the left who are clueless about the federal budget and the line items in that budget along with the taxes paid to fund those line items. The cost of the Federal Gov't is basically 1.5 trillion dollars funded by FIT and CIT, the Cost of entitlements are funded by Payroll taxes and that is where the shortfall is but the left refuses to acknowledge that. When we have leftists here complaining about not enough tax revenue and taxes being an expense to the gov't that shows the very poor education system we have in this country. There is more than enough to fund the federal gov't, but the problem is entitlement which had trillions borrowed by the gov't never paid back and now creating the massive debt we have with of course the exception of 2020 when the pandemic shutdown the economy. The radical left will never understand basic civics and economics

Why is that? Do you believe it is due to them being young and inexperienced? Isn't kinda a cycle, when you are young you believe you will change the world. It only starts settling in that the the older you get, you realize it is only you that you can fix and bring up?

 

[slavablueberryjam]

I don't expect any taxpayer to give me money unlike the left who believes that the gov't is funding their personal responsibility issues when it is really the taxpayers. I am not defending Musk, I am pointing out the false information posted by the left, calling tax cuts an expense, promoting class envy and jealousy, and totally ignoring the abuse of our tax dollars by the federal bureaucrats while claiming that tax cuts caused the deficit. Tax cuts didn't cause the deficits, entitlement spending and things like the Payroll tax holiday is causing the deficit. Support for the unified budget by the left is the problem

Well, society is a thing. Even if you don't expect the taxpayer to give you money. In a way, the taxpayer is giving you and everyone else money. It's the norm. A social norm we have in the states is the belief we are not costing the state money or that the state owes us money. But, really, social safety nets are not bad. We do have to reform welfare in this nation. I do agree that the left ignores the abuse by the feds on spending, but the right does the same thing when their the ones in control. It's a truth that you fail to realize.

 

[Conservative]

Why is that? Do you believe it is due to them being young and inexperienced? Isn't kinda a cycle, when you are young you believe you will change the world. It only starts settling in that the the older you get, you realize it is only you that you can fix and bring up?

I don't think civics and economics are even being taught today in school. Most people have no understanding as to the role of the President and Congress nor do they have any understanding of the taxes they pay or their purpose. To far too many the gov't has a Unified budget where every dollar is treated the same way,that never was the intent. SS and Medicare are entitlements and part of the Mandatory line items funded by Payroll taxes. The Discretionary budget are the line items for the operating expenses of the federal gov't, defense, Congress, VA, Commerce, etc and are funded by FIT and CIT. During the Trump tax cuts in 2019, over 2 trillion dollars was collected in FIT, CIT and the budget was 1.4 trillion. Mandatory spending however was 3 trillion dollars thus a shortfall from FICA and that is the deficit.

 

[Conservative]

Well, society is a thing. Even if you don't expect the taxpayer to give you money. In a way, the taxpayer is giving you and everyone else money. It's the norm. A social norm we have in the states is the belief we are not costing the state money or that the state owes us money. But, really, social safety nets are not bad. We do have to reform welfare in this nation. I do agree that the left ignores the abuse by the feds on spending, but the right does the same thing when their the ones in control. It's a truth that you fail to realize.

That brings up another problem, the lack of understanding as to the role of the state and local governments along with the taxes paid in the state. the Constitution is quite clear, the Federal governments major role is providing for the common defense meaning funding for defense and costs of the federal govt. State and local governments are responsible for the social programs in the state and get all their funding from sales, property, and in many states income taxes. Too many want the federal taxpayers to fund state and local social programs.

 

[slavablueberryjam]

That brings up another problem, the lack of understanding as to the role of the state and local governments along with the taxes paid in the state. the Constitution is quite clear, the Federal governments major role is providing for the common defense meaning funding for defense and costs of the federal govt. State and local governments are responsible for the social programs in the state and get all their funding from sales, property, and in many states income taxes. Too many want the federal taxpayers to fund state and local social programs.

Shouldn't wealthier states pick-up the tab more frequently?

What about the federal highway that pasts through all states and it is a high cost to upkeep. So much so, that some states receive more money from that than they give to the federal government. What then? Also, I believe it was federal infrastructure spending that brought up states like Alabama, and Kentucky out of extreme poverty that was going on in the 1960's. I believe many Southern states had no plumbing and electricity was rare. Nowadays, there still is some missing plumbing, but electrical grid is up-to-date.

 

[j brown's body]

Don't care about Elon Musk. Republicans won't let the IRS go after rich vastards like him, so they focus on people like me. Thanks, GOP.

 

[slavablueberryjam]

Don't care about Elon Musk. Republicans won't let the IRS go after rich vastards like him, so they focus on people like me. Thanks, GOP.

Honestly, a lot of individuals don't seem to get it. The IRS might never catch you that you failed to file an income. But, the IRS shares the information with the security of state and when you go to get your SS and medicare. Expect to pay back all you own with interest added year-after-year you failed to file before SS gives you a cent.

 

[Conservative]

Shouldn't wealthier states pick-up the tab more frequently?

Why? when you say wealthier states what determines a wealthier state, higher taxes? The people in the states control what programs they support. Why should a federal taxpayer fund a local expense or social program in your state? All states have different costs of living

What about the federal highway that pasts through all states and it is a high cost to upkeep. So much so, that some states receive more money from that than they give to the federal government. What then? Also, I believe it was federal infrastructure spending that brought up states like Alabama, and Kentucky out of extreme poverty that was going on in the 1960's. I believe many Southern states had no plumbing and electricity was rare. Nowadays, there still is some missing plumbing, but electrical grid is up-to-date.

Federal highways are funded by the excise taxes you pay on gasoline along with taxes on vehicles. Again that money is going into the general fund and spent as the bureaucrats want not on highways. State and local excise taxes on gasoline exist for state highways and infrastructure.

Not sure where you get your information but it is misguided and not realistic. Federal infrastructure spending goes to federal expenses not state and local highways.

 

[Conservative]

Don't care about Elon Musk. Republicans won't let the IRS go after rich vastards like him, so they focus on people like me. Thanks, GOP.

You ever going to address how 2 trillion dollars in FIT And CIT to fund 1.4 trillion in discretionary spending causes deficits? Stop dodging the issue, FIT and CIT are creating more than enough money now to fund the items they were created to fund. they never were intended to fund SS and Medicare so stop beating this dead horse and admit being wrong and clueless about the taxes you pay and their purpose.

 

[Lloyd Christmas]

And forget the billions he got in taxpayer money that helped him get to be this wealthy. Man, he is a giant douche. But then again most greedy scumbags taking all the wealth are

Elon Musk is speaking out against government subsidies. Here's a list of the billions of dollars his businesses have received.

Musk's companies benefited from subsidies as recently as April, when SpaceX won a $2.89 billion contract from NASA. Tesla got subsidies for years.

www.businessinsider.com

 

[Conservative]

Don't care about Elon Musk. Republicans won't let the IRS go after rich vastards like him, so they focus on people like me. Thanks, GOP.

Forgot to post this regarding the 1.4 trillion dollar budget that is funded by FIT and CIT along with the revenue generated from FIT and CIT. Are you mature enough to admit being wrong? Let's see if you can find out how much FIT, CIT revenue was generated in 2019 to fund that Discretionary budget?

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

BEA Interactive Data Application

Table 3.2. Federal Government Current Receipts and Expenditures
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: January 27, 2022 - Next Release Date February 24, 2022

 

[RetiredUSN]

The only thing that surprises me about "Fauxahontas Warren" is that she's not demanding her own casino.

It might be owed to her considering her high cheek bones.