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pbmus

(12,422 posts) Tue Dec 21, 2021, 08:27 PM Dec 2021

11 billion in taxes...

Link to tweet

3 replies

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11 billion in taxes... (Original Post) pbmus Dec 2021 OP

This message was self-deleted by its author Chin music Dec 2021 #1

Mixing of terms dumbcat Dec 2021 #2

Reich has been misleading people for years. Hoyt Dec 2021 #3

Response to pbmus (Original post)

Chin music This message was self-deleted by its author.

dumbcat

(2,120 posts)

2. Mixing of terms

Reply to pbmus (Original post)

Tue Dec 21, 2021, 08:44 PM

Dec 2021

By the way, between 2014-2018, Elon Musk's wealth grew by $13.9 billion, yet he paid just $455 million in federal income taxes, a rate of only 3.27%.

Wealth growth is not "income" and thus not taxed by "income tax". Reich knows this, and like many others just throws it out there to mislead. I really wish we wouldn't do this.

If we want to tax "wealth", then everybody get behind Sen. Warren's wealth tax and do it right and stop misleading people.

Hoyt

(54,770 posts)

3. Reich has been misleading people for years.

Reply to dumbcat (Reply #2)

Tue Dec 21, 2021, 09:17 PM

Dec 2021

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