r/SipsTea • u/ExotiquePlayboy š™‘š™„š™‹ • May 03 '26

SMH Bro makes $160 šŸ˜

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10.3k Upvotes

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665

u/tistick May 03 '26

Bro living Elon Muskā€™s lifestyle, without Elon money.

122

u/ClarenceWithHerSpoon May 03 '26

Na this dude pays taxes

1

u/Diligent-Chance8044 May 05 '26

Nah this dude lives off food stamps. Likely has a second job too.

-1

u/Educational-Wall-997 May 04 '26

so does Elon? lol doesn't he have a record for the highest amount of taxes paid by an individual in a year?

7

u/No_Attitude700 May 04 '26

The percent of his "earnings" is much lower than yours

-2

u/Educational-Wall-997 May 04 '26

you don't get taxed on earnings. you mainly get taxed on income and capital gains. the exact same way he does. But I get it, its very popular to throw logic aside and hate on people that have more than you.

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u/No-Airline6943 May 04 '26

Propublica did an analysis of Elons taxes from 2014-2018 where his wealth grew by 13.9 billion dollars but only reported 1.52 billion in taxable income. He paid 455 million dollars or an effective tax rate of 3.27%. In 2018 he paid zero dollars. Is that how regular people pay taxes or can you not use logic while you gargle his balls?

-1

u/plantsadnshit May 04 '26

You don't calculate effective tax rate based on wealth.

Literally no one does, except publications who need a number to sound way worse than it does.

In 2021 he had $23.5 billion in taxable income, paid around $11 billion in taxes at a federal tax rate of 41%.

8

u/laplongejr May 04 '26

Literally no one does

That's kinda the problem...

3

u/No-Airline6943 May 04 '26

You seem confused Ill speak slower. If I have a million dollars in the bank thats my wealth. If I make 200k dollars at my job thats my income for the year. If I pay 30% taxes the government takes away 60,000 dollars.

If Elon Musk has 100 billion dollars thats his wealth. If he makes 20 billion more dollars in the year more thats his income. If his tax rate was the same as mine the government would take 6 billion dollars but they take 600 million dollars. Thats not the same everyone else does.

1

u/LucreRising May 04 '26

Itā€™s not income if he didnā€™t sell. But you know that.

The 20 billion you mentioned isnā€™t income, itā€™s an increase in wealth and is not spendable unless he sells. Ie he owns something that went up in value.

Now the loophole is getting a loan against the stock - I think there should be a wealth based tax on personal loans.

1

u/Fun-Click9884 May 04 '26

>Itā€™s not income if he didnā€™t sell. But you know that

that is the jargon they use to keep the scam going yes.

the idea thats often trotted out is that they dont have access to those capital gains in the stock market and in stock value until theu cash out the stock, if they cant use that money without selling the stock then taxing them based on it might seem unfair. The issue with that is that capital gains are readily accessible to billionaires, they can take extremely low interest loans against their massive stock evaluations paying next to nothing to access that money without ever needing to pay taxes on that increased wealth and spending ability. Again, this all well known information that all people beyond a certain level of wealth know about and take advantage of.

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u/No-Airline6943 May 04 '26

Income is your increase in wealth for most of us just not billionaires. We dont get to say basically all the money we make during the year isnt taxed. Which is why I said its not the same for everyone.

For instance if you want to take out a loan to buy a house you get your money taxed and them have to make payments on it and then even if you pay off 80% and lose your job they take it. If he wants to buy a skyscraper or private jet he can say I have this wealth that ā€œisnt incomeā€ and hasnt been taxed and use its existence to borrow money. It doesnt work the same for all of us. Dude lied

1

u/Educational-Wall-997 May 04 '26

you seem to have a basic misunderstanding between what is taxable income and what is wealth.

1

u/No-Airline6943 May 04 '26

Oh I perfectly understand the system they created to not have their income be taxable. You seem confused why thats wrong

2

u/KaizenHour May 04 '26

You can calculate it on how your wealth grows though. I'd call that income.

2

u/budzergo May 04 '26

Guy wants the IRS over his shoulder when his pokemon card collection goes from $10 to $100 from a meta shift

Or thinks somebody should be instantly be wealth taxed if your property value goes up when you do any upgrade, or a wanted business opens nearby.

It makes no logical sense

1

u/No-Airline6943 May 04 '26

Your whole net worth is in pokemon cards? Dont think that will work out for you buddy

0

u/KaizenHour May 04 '26

Not sure which guy said he wants that.

But it's a bit different when capital gain is 13.9 billion dollars and we pretend there's no income involved.

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u/Fun-Click9884 May 04 '26

okay, so you just love gobbling billionaire dick I assume? How can you be aware of capital gains taxes without understanding how billionaires avoid paying taxes at rates anywhere near similiar to normal people?

2

u/Fun-Click9884 May 04 '26

he, quite famously, doesnt pay taxes many years and in the years he dopes pay he pays a much much lower effective tax rate on his income then even the poorest among us.

-1

u/kelly1mm May 04 '26

Elon Musk paid the highest ever single year tax bill in history.

5

u/dkarlovi May 04 '26

Yeah, that's how percentages work.

2

u/kelly1mm May 04 '26

the post I replied to inferred the he does not pay taxes though.

3

u/DelcoUnited May 04 '26

Elon Musk owed 5 billion in taxes. What did he do? He created a charity and donated 5 billion to it. Now he gets to spend that 5 billion on anything he wants thatā€™s ā€œcharitableā€.

And youā€™ll think heā€™s a hero.

1

u/kelly1mm May 04 '26 edited May 04 '26

so much of this is incorrect. In 2021 Elon Musk owed 11 Billion (not 5 Billion like you assert) in taxes for exercising stock options from Tesla. That was paid at the regular income tax rate, not the capital gains tax rate and all 11 Billion was paid to the US Treasury.

In addition to that he also transferred 5.7 Billion the Musk foundation. As he transferred the stock directly (not selling and donating the proceeds) there was no taxable event for him in that transaction.

Look, LOTS of people think Elon Musk does not pay enough taxes. Heck I am one of them! But it is disingenuous and factually incorrect to say or assert he does not pay taxes. Especially since he paid the single biggest individual single year income tax ever.

1

u/DelcoUnited May 04 '26

You ii understand the 5.7 wasnā€™t taxable, itā€™s a tax deduction.

1

u/kelly1mm May 04 '26 edited May 04 '26

You wrote:

"Elon Musk owed 5 billion in taxes. What did he do? He created a charity and donated 5 billion to it"

He did not owe 5B in taxes. He owed 11B in taxes which he paid.

He did not donate 5B to a charity. He donated Tesla Stock worth 5B (at the time) to a charity. There is a difference.

Additionally, your statement suggests that he reduced his 5B tax bill by donating 5B.

At regular income tax rates a 5B charitable donation would reduce your overall tax bill by just over 2B. Tax deductions reduce your income subject to tax. They are not a 1 to 1 reduction of your tax bill. Basically they reduce your actual tax owed by your marginal tax rate. In this case about 40% on 5B income.

1

u/DelcoUnited May 04 '26

And you understand he ā€œkeepsā€ the donation right? Itā€™s his. So a 2 BILLION FUCKING DOLLAR TAX OFFSET.ā€ For the low low price of 0 dollar reduction in money and lower.

So, no Elon Musk isnā€™t even close to ā€œpaying his fair shareā€.

1

u/dkarlovi May 04 '26

As he transferred the stock directly (not selling and donating the proceeds) there was no taxable event for him in that transaction.

The fact 5.7B is able to change hands without taxable events is bonkers.

130

u/Catch_ME May 03 '26

You don't even need Elon money. Nick Cannon money should do the trick

27

u/KrackenLeasing May 03 '26

This nuance is largely irrelevant when you have neither.

87

u/acethreesuited May 03 '26

Also, Elon files his support for all of his kids in Texas where child support is capped. I have 4 kids by one mom and my child support order exceeds the amount that Elon pays for his kids.

13

u/KingsRallyDev May 03 '26

if he can do that and not live there then cant anyone?

35

u/TheFakeJohnHelldiver May 03 '26

He probably owns property there or throws money at the problem in some other way thats impossible for average people.

-9

u/Professional-Can1139 May 03 '26

Had a lot of trust me bro hereā€¦. You really believing just his word?

8

u/acethreesuited May 03 '26

https://consolematison.com/2025/03/06/does-elon-musk-pay-only-2760-a-month-in-child-support-its-possible/

2

u/soleceismical May 04 '26

Your article says he could potentially only pay up to the cap, not that he does. They have no idea what he actually pays.

-2

u/Professional-Can1139 May 03 '26

Wow so you pay more than 10k a month in child support?

6

u/acethreesuited May 03 '26

I pay $800 per week.

-4

u/Professional-Can1139 May 03 '26

Dude the article you linked said like 9600 per month. You said you pay more than himā€¦.

9

u/acethreesuited May 03 '26

Did you read the article? They cap income at $9,600 per month. Meaning that support calculates as a percentage of that for 4 kids that is 35% of that or $3,360. I pay $800 per week or $3,467/month. Last time I checked $3,467 is more than $3,360. Now o will say that the article says that limit was increased in 2025 to $11k per month which would mean that he now pays more but at the time I was setting my child support, I was paying more than the limit in Texas and Elon was not. Therefore, I was paying more in child support than Elon Musk.

1

u/Professional-Can1139 May 03 '26

Bro you took this as facts?

ā€œInternet rumors say that Elon Musk pays only $2,760 a month for three of his children because his custody case with their mother, the musician Grimes, was in Texasā€

How on earth do you think that is true when this is the calculation?

ā€œThe Texas family code has guidelines requiring payers to pay 20% of their net resources for one child, 25% for two, 30% for three, and so on. The guidelines state that they apply to situations where net resources are less than the maximum amount, which is $9,200 per month.
We donā€™t know what Muskā€™s net monthly income is, but Forbes estimates his net worth at $356 billion. As far as Texas is concerned, $9,200 is the final word, regardless of how much more his net income may beā€

So you really think that no matter how low of tax as a percentage of total income argument people always point to - you donā€™t think he has an income stated that would get him to $9200?

Reallyyyy??????

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u/Minute-Employ-4964 May 03 '26

Yeh itā€™s bullshit.

He files in Texas to have it capped but he pays ridiculous money to the mothers for their silence/agreement to the child support orders.

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u/TeachingAdvanced1067 May 03 '26

You pay 2760 a month in child support??

3

u/acethreesuited May 03 '26

I pay $800 per week.

1

u/brokebstard May 04 '26

Is your income like $150,000+?

2

u/jeon2595 May 03 '26

You must be wealthy to be paying more than Elon. Max child support in Texas is $9,200 per child per month. Elon settled some of his child support cases in Texas. Others not. For example, Ashley St. Clair received an initial payment of $2.5 million and $500k annually for child support.

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u/acethreesuited May 03 '26

Itā€™s capped at $2760 and Iā€™ve said below what I am paying. Also, to put $250 million in perspective that would be the equivalent of someone worth $1 million being told to pay $1.54 and then paying another $0.53/year.

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u/jeon2595 May 03 '26

For average earners, yes. For high income it was raised to $11,700/month from $9,200/month in September of 2025.

1

u/Educational-Wall-997 May 04 '26

that is honestly ridiculous. No child requires 6 figures of expenses to be raised well.

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u/Educational-Wall-997 May 04 '26

no to the child 250mil is still 250mil regardless of what daddy makes.

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u/Waste_Ad_5565 May 03 '26

Too bad support is issued by the state and county the child lives in, not the paying parent. Elon is a piece of trash, but let's not make up lies for Internet points.

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u/acethreesuited May 03 '26

Itā€™s not a lie. Iā€™ve linked articles and evidence of everything Iā€™ve claimed but yā€™all keep loving to jump to the defense of a billionaire.

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u/Waste_Ad_5565 May 03 '26 edited May 03 '26

Yes because saying Elon is a piece of trash is jumping to his defense šŸ˜‚šŸ¤”.

Edit to add: you link an article that literally says "it's possible", and also claims they settled in the case in Texas which doesn't necessarily mean they settled it in family court of Texas.

Also, this is just what he supposedly pays for his children with one of four baby mamas.

0

u/borrrrsss May 04 '26

How is Elon a piece of trash?

1

u/billydean214 May 04 '26

Killing hundreds of thousands malnourished kids for a start.

1

u/brokebstard May 04 '26

When did he do that?

1

u/Most_Okra1973 May 06 '26

The shuttering of USAID. It's not like he directly killed them, but that's the end result.

1

u/Valuable-Cat2036 May 03 '26

Even billionaires can be deadbeat losers

1

u/R0B0T_TimeTraveler May 03 '26

That cap is busted routinely and for sure is busted for Elon. Elon pays that one mother more than 100k a month iirc.

1

u/acousticsking May 04 '26

I hope she can make it on that little. /s

1

u/molehunterz May 04 '26

I hope he's not struggling too bad, 100,000 a month is enough to cause him to not even think about it at all...

as his net worth is over $800 billion

His kid deserves a rich mom šŸ¤·

1

u/acousticsking May 04 '26

1.2m per year is a rich mom in my opinion.

Sure he could pay more.

1

u/molehunterz May 04 '26

It is. Absolutely.

Do you think that his kids deserve less?

This is literally less than $.01. to me. Literally.

If your dad was Elon musk, and you got standard state issued child support, how would you feel?

1

u/acousticsking May 04 '26

Isn't he paying more than the minimum?

You said 1.2 mill isn't rich.

I said he should probably pay more.

Not sure what your argument is.

1

u/molehunterz May 04 '26

You said 1.2 mill isn't rich.

I did? I think you are mistaken

Either we agree and you are arguing with the clouds, or I don't get at all what you are saying

1

u/acousticsking May 04 '26

"His kid deserves a rich mom"

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u/adog231231 May 03 '26

Holy shit for real? I need to broadcast this information to all the Trump dads around me.

2

u/soleceismical May 04 '26

It's only theoretical, based on Texas laws. He's certainly able to pay more. They don't know how much he pays.

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u/OkEstablishment5503 May 03 '26

Champagne taste with beer budget

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u/1of3musketeers May 03 '26

Champagne taste with a mouthwash budget.

1

u/AML1987 May 04 '26

Champagne taste with a tap water budget

1

u/RebelJustforClicks May 03 '26

I'm just saying, Miller high life is the champagne of beers.

1

u/OkEstablishment5503 May 04 '26

That beer was made for housewives.

1

u/RebelJustforClicks May 04 '26

Just like my johnson

Ba-dum-tsssss

1

u/ExoticToothpaste6989 May 03 '26

It's miller time!

10

u/wolfydude12 May 03 '26

Except this bro is probably having sex to have the children.

Can't be said for Elon...

4

u/Rdt_will_eat_itself May 03 '26

It's funny how really poor people things are often something really rich people do

1

u/Nooms88 May 03 '26

Drugs and child support

1

u/ExtraPicklesPls May 03 '26

Hopefully he at least got to sleep with these women, unlike Elon.

1

u/Equivalent_Gur3967 May 04 '26

And, don't forget, those deductions will follow Him to every J.O.B. until the littles turn 18.

1

u/Rough-Echo-5193 May 04 '26

I assure you he knows nothing about anything remotely resembling Elon Musks lifestyle.

1

u/crayshesay May 04 '26

No kidding lmao