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.

@elonmusk @POTUS @CommunityNotes There’s no reason anyone earning less than $100k should pay anything in income taxes, which is about 50% of wager earners who contribute only 3% to overall tax revenue. Yet you never hear these politicians say that. #taxationistheft

@elonmusk @POTUS @CommunityNotes 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… twitter.com/i/web/status/1…

@elonmusk @POTUS @CommunityNotes Are you not familiar w hedge funders? Cmon. I knew a bunch of those guys in NY. Even they privately admitted they skate

@QuandaFrancis @elonmusk @POTUS @CommunityNotes Or ChatGPT fine tuned for legal tax avoidance schemes

@elonmusk @POTUS @CommunityNotes If I had to guess ... Biden is factoring in paper gains to the equation There's no other mathematical way Which means he's being super deceptive

@elonmusk @POTUS @CommunityNotes If you never sell and then die, capital gains tax = zero. If you buy appreciating real estate that you depreciate under the tax laws, then die, you can get tax free income in the meantime and never pay makeup cap gains tax. And so on. There are lots of pages in the tax code.

@StevenTDennis @elonmusk @POTUS @CommunityNotes Easiest target in tax code is stepped up basis. Could change law to zero basis for any non spouse inheritance, raising significant tax revenue but only after people die. Progressives wouldn't like it though, so neither side interested.

@davidmweissman @elonmusk @POTUS @CommunityNotes I wonder if sleepy paid taxes on the millions he got from the Chinese?

@elonmusk @elonmusk Agreed! Tax avoidance deprives the public of much-needed resources. We can ensure fairness and prosperity when everyone pays their share. #TaxFairness #TaxJustice