Indeed they do.
robbreport.com
"The tax they'd pay on their incomes and investments..." What planet are you living on?
In 2024, about 1 out of 180 American taxpayers will make $1 million or more of total income, based on a broad definition of income used by the forecasters."The tax they'd pay on their incomes and investments..." What planet are you living on?
Let's see Elon's tax returns from the last ten years.
www.heritage.org
"It’s also worth noting that Musk’s 2017 federal tax, while still substantial, was comparatively lower than in the previous year. To elaborate, he reported a total taxable income of $27,558,124 and paid $1,587,784 in taxes in 2016. This stark comparison is primarily due to the fact that in 2016, he was paid a wage from SpaceX and Tesla, whereas in 2017 his income was derived from capital gains."In 2024, about 1 out of 180 American taxpayers will make $1 million or more of total income, based on a broad definition of income used by the forecasters.
Altogether, these million-dollar earners will earn about 15% of the nation’s income next year. But they will pay 39% of all federal income taxes.
The million-dollar earners will pay an average federal income tax rate that is 3.5 times higher than the other 99.4% of Americans.
How Much Federal Income Tax Do the Rich Pay?
Politicians on the Left portray the rich in America as a bunch of freeloaders who don’t pay their fair share of taxes.
www.ceoinfluencers.com
48% of Americans paid ZERO in income tax!"It’s also worth noting that Musk’s 2017 federal tax, while still substantial, was comparatively lower than in the previous year. To elaborate, he reported a total taxable income of $27,558,124 and paid $1,587,784 in taxes in 2016. This stark comparison is primarily due to the fact that in 2016, he was paid a wage from SpaceX and Tesla, whereas in 2017 his income was derived from capital gains."
That amounts to a tax rate of 5.8%. Have you checked your tax rate lately?
How Much Federal Tax Did Elon Musk Pay Last Year - CEO!
Elon Musk, one of the most influential tech entrepreneurs of our time, has been paying taxes since his entrepreneurial career began. Last year, the Tesla and
48% of Americans includes children, retired people, poor people... people who don't have an income.
Stupid.
A million times smarter than a wealth tax on millionaires like the likes of AOC, Pocahantas, and Bernie Sanders want to impose on the wealthy...
You must love the wealthiest man in world firing people depending on weekly paycheck. Let them eat cake, eh?
Man, I do LOVE that way you take the steam out of our sheet wearing flunky's pointy hood! Does that MAGA/Alt-Right parrot actually believe that all the negative aspects of this wealth shift by his gods will NOT negatively affect him? Does he think those troll checks will be sufficient? Old Vole and his ilk prove P.T. Barnum right every day God sends.
First, Marie Antonette never said that line, it's a fiction.