Look, I think you should be able to be a billionaire if you can earn it, but just pay your fair share. I think you ought to pay a minimum tax of 25%. It’s about basic fairness.
@POTUS I paid 53% taxes on my Tesla stock options (40% Federal & 13% state), so I must be lifting the average! I also paid more income tax than anyone ever in the history of Earth for 2021 and will do that again in 2022. @CommunityNotes, is the 3% number cited above accurate?
@POTUS @CommunityNotes I certainly agree that everyone should pay taxes and not engage in elaborate tax-avoidance schemes. Would be curious to hear how these other “billionaires” are so good at avoiding taxes! We should get rid of GRATs, but maybe other things too.
No elaborate tax-avoidance schemes? Maybe you need a new team of accountants, emphasis on team. 1. Aviation Accountant: specializes in the financial aspects of the aviation industry. 2. Government Accountant: specializes in the financial operations of local, state, and federal government agencies. 3. Forensic Accountant: specializes in detecting white-collar crime and fraud. 4. Tax Accountant: specializes in tax preparation and tax planning. 5. Cost Accountant: specializes in cost-benefit analysis and budgeting. 6. Auditing Accountant: specializes in examining financial documents and verifying accuracy. 7. International Accountant: specializes in international financial reporting standards. 8. Nonprofit Accountant: specializes in the financial operations of charitable organizations. 9. Corporate Accountant: specializes in accounting and financial management of businesses. 10. Investment Accountant: specializes in taxes, bookkeeping, and portfolio management.
@QuandaFrancis @elonmusk @POTUS @CommunityNotes Or ChatGPT fine tuned for legal tax avoidance schemes