Quote:
Originally Posted by Botten
[You must be logged in to view images. Log in or Register.]
In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn also doesn't pay taxes.
Baler you really need to realize the rich don't even always pay their taxes. See your orange friend who is fighting to prevent his taxes from being released.
So it does go well beyond paying their "fair share."
|
The thing you have to remember for some of these people though is their "wealth" is measured in things like the stock value. So for some of these people, Musk being a great example, calling him the second-richest person in the world is a little bit misleading when you get into debates about taxes. He's the second-richest person based in large part on the value of his company's stock. He's not the second-richest person because he has made that much money (put in taxation terms: he hasn't "realized" that level of income).
So if someone doesn't keep that in mind/understand that, then when someone goes "the second-richest person in the world doesn't pay commensurate taxes" it sounds like that person is committing tax evasion. When in reality the person just hasn't realized taxable income equal to the total value of their wealth.