2/29/2024 0 Comments Twitter elon musk bernie sandersIn 2019, the latest year of data available, they own nearly 20%. In 1978, the top 0.1% owned about 7% of the nation’s wealth. Over the past 40 years there has been a massive transfer of wealth from the middle class and working families to the very wealthiest people in America. The growing gap between the very rich and everyone else is nothing new. While millions of Americans have lost their jobs and incomes during the pandemic, over the past year 650 billionaires have seen their wealth increase by $1.3tn. The top 1% now own more wealth than the bottom 92%, and the 50 wealthiest Americans own more wealth than the bottom half of American society – 165 million people. Meanwhile, the people on top have never had it so good. Poverty in America has become a death sentence. And, most obscenely, low-income Americans now have a life expectancy that is about 15 years lower than the wealthy. Today, an entire generation of young people carry an outrageous level of student debt and face the reality that their standard of living will be lower than their parents’. You may have to select a menu option or click a button.Today, half of our people are living paycheck to paycheck, 500,000 of the very poorest among us are homeless, millions are worried about evictions, 92 million are uninsured or underinsured, and families all across the country are worried about how they are going to feed their kids. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have more than one ad-blocker installed. You’ll usually find this icon in the upper right-hand corner of your screen. Click the icon of the ad-blocker extension installed on your browser.When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.Click on the large blue power icon at the top.Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.It will turn gray and the text above will go from “ON” to “ OFF”. Click on the “ Ad-Blocking” button at the bottom.Click the Ghostery icon in the browser extension area in the upper right-hand corner.Switch off the toggle to turn it from “ Enabled on this site” to “ Disabled on this site”.Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.“ Block ads on – This website” switch off the toggle to turn it from blue to gray.Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.Refresh the page or click the button below to continue.Under “ Pause on this site” click “ Always”.Click the AdBlock icon in the browser extension area in the upper right-hand corner.In other news, Kanye West Pays Elon Musk a Visit at SpaceX.Īdblock Adblock Plus Adblocker Ultimate Ghostery uBlock Origin Others I only have stock, thus the only way for me to pay taxes personally is to sell stock. Note, I do not take a cash salary or bonus from anywhere. Musk recently explained on Twitter that he does not “take a cash salary or bonus” and that his wealth is based in Tesla stocks, explaining the recent selloff of shares. Of his total income reported to the IRS in 2014 to 2018, Musk is reported to have paid about $455 million USD in taxes from his $1.52 billion USD earnings - a true tax rate of about 3.2%, according to ProPublica‘s calculations. In the same period, his net worth grew to about $13.9 billion USD. Musk paid less than $70,000 USD in federal income taxes between 20, and nothing in 2018, according to ProPublica, which reviewed IRS data in its investigation. In addition, the ultra-wealthy “can choose when their capital gains income appears on their income tax returns and even prevent it from ever appearing.” “Investment gains are a primary source of income for the wealthy, making this preferential treatment of investment gains a valuable benefit for the wealthiest Americans,” the White House said. The ordinary income rate for the ultra-wealthy is a maximum of 37%. Greg Leiserson and Danny Yagan, economists for the White House Council of Economic Advisers, wrote in a blog post in September that the wealthy pay low income tax rates because of the way they report income, including from dividends and stock sales, which are taxed at a maximum of 20%. The tweet struck a chord with Musk, who responded to the thread by tweeting: “I keep forgetting that you’re still alive,” and “Ok, how much do you think is fair? Does 53% seem reasonable?” We must demand that the extremely wealthy pay their fair share. A week after, Sanders sent out a tweet demanding more accountability for the ultra-wealthy to pay their fair share of taxes, though the tweet was not directed at Musk specifically.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |