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
@realAaronHermes @elonmusk @POTUS @CommunityNotes That logic, which is close to the case already for many in that cohort, had led to ever greater demand for more govt. Because little is paid, gov't "benefits" appear to be a good deal, causing more benefits to be demanded. Everyone should pay. Less government would be demanded
@realAaronHermes @elonmusk @POTUS @CommunityNotes I would say that most of those on the very low income probably pay a bigger percentage of their income than some of the wealthiest.I can't afford meat or very little veggies.I worked for 50 years and raised two adopted special needs children yet I can't get any help at my old age
@realAaronHermes @elonmusk @POTUS @CommunityNotes Work harder, over 50% of Americans are non-working and are counting on you!