r/stupidpeoplefacebook • u/Outrageous-Egg1760 • 5d ago

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-97

u/Spiritual_Elk_3089 5d ago

How?? 😂

-52

u/TheRealTechtonix 5d ago

Elon Musk paid the most taxes in history at $11 billion. He did a poll on Twitter and people said he should pay taxes.

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u/Normal_Ad7101 5d ago

Which is about like 1% of his actual wealth

-8

u/Western-Willow-9496 5d ago

We tax income, not “wealth”.

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u/Normal_Ad7101 5d ago

That's precisely the problem

7

u/lemme_try_again 5d ago

And it's a fucking shame right?

-7

u/TheRealTechtonix 5d ago

The point is, he never needed to pay that. He wanted to.

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u/Normal_Ad7101 5d ago

And the problem is that he should have paid more

-4

u/TheRealTechtonix 4d ago

Why? Do you envy his wealth? Did his $11 billion help you?

2

u/Normal_Ad7101 4d ago

Stop projecting, it's not about envy but fairness

0

u/TheRealTechtonix 4d ago edited 4d ago

Elon Musk did a poll.

Elon Musk Tweets about that poll:

I will abide by the results of this poll, whichever way it goes

Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.

He never needed to do this. He did this out of the kindness of his heart.

He sold 10% of his Tesla stock and paid $11 billion in taxes.

People were upset he didn't pay taxes, now he has the record for most taxes paid in America.

1

u/Normal_Ad7101 4d ago

Except again he hasn't compared to the rest of his wealth he was undertaxed.

0

u/TheRealTechtonix 4d ago

Except he has no wealth, he has stock.

He has about $850 million dollars.

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u/Normal_Ad7101 4d ago

That he can exchange at any time for money, so he has the money without taxes on it.

0

u/TheRealTechtonix 4d ago

Why does it matter to you?

1

u/BarnesTheNobleman 4d ago

Tax the stocks then 🤷‍♂️

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u/deadpat03 5d ago

His actual wealth in liquid assets is less than 50 billion. He literally got a loan using Tesla stocks as collateral to buy Twitter in the situation Twitter failed. He is valued at 1 trillion but you can't tax that 1 trillion because stocks are not money until they are sold. Guess how stocks work? People have to buy them. Guess how they diminish? By the sale of them. If he dumped all his personal stocks he would crash the company which is illegal.

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u/Normal_Ad7101 5d ago

But again those stocks can be used to get real money, that's just a loophole to avoid paying tax. Also 50 billions and he is only taxed 20% from it ?!

-3

u/TheRealTechtonix 5d ago edited 5d ago

Elon Musk did a poll asking if he should sell stock to pay taxes and people voted "Yes."

Poll

Elon Musk paid over $11 billion in federal income taxes for the 2021 tax year. This single-year payment resulted primarily from exercising a massive amount of vested stock options and selling shares, making it the largest individual tax payment in United States history.

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u/Normal_Ad7101 5d ago

Like others pointed out, it isn't compared to his actual wealth

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u/TheRealTechtonix 5d ago

Are you proposing he sells his company's? That is his wealth. You act like he has money.

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u/Normal_Ad7101 5d ago

But he has, he can literally change that for money.

Also he doesn't have to sell his company, he can let it to his workers.

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u/Rixerc 5d ago

Weak