Yes, the US has a progressive federal income tax system with rates up to 37% on ordinary income. The top 1% pay over a third of all federal income taxes.
Elon Musk paid ~$11 billion in taxes in 2021 from Tesla stock sales—the largest single-year individual tax bill reported. In other years (e.g. 2018), data shows he paid little or zero federal income tax despite wealth growth. Lifetime totals across history are not fully comparable.
💥NEW: @chamath on LA Mayor Election: “I’m for mathematical and statistical literacy. And what happened here is mathematically and statistically IMPOSSIBLE … I can tell you the statistical odds that this would have happened — and it’s one in a trillion!”
For those of you scoring along at home, the LA mayoral election has now moved from the "you have no proof of cheating" phase to the "okay fine, now you have proof, but there's nothing you can do about it" phase.
🚨 BOMBSHELL: ActBlue CEO just pleaded the FIFTH over 20 times and refused to deny taking foreign cash — including from Russia — to flood Democrat campaigns!
She sat there stonewalling Jim Jordan on $38 MILLION in suspicious donations and her entire legal team bailing. Guilty as hell.
ActBlue = Democrat money laundering machine. Shut it down NOW.
This is election interference on steroids.
What are they hiding, America? 🇺🇸
Drop your thoughts below👇!
@Chief_Bearcat i know you’re dodging tornados right now, but when do we get a breakdown on the Mahomes extension and cap update? I need the expert on it 😂
You literally just signed SB 73 before the LA mayoral election. This law prohibits unauthorized access, disruption, modification, or seizure of voter rolls, voter lists, or certified voting technology by law enforcement (including federal agents) without a court order or specific state election law investigation.
You are actively making laws to make it HARDER for there to be election integrity.
Time to take down the California Communist Party
Democrats in California passed a law making it illegal to inspect ballots. Which, many on this site assure me, is what you do when you’re not stealing elections.