Elon Musk paid an effective tax rate of 3.3%. Jeff Bezos paid 1%.
How? They take out tax-free loans against their stock.
Today I'm introducing the ROBINHOOD Act to tax these loans and generate at least $276B for universal childcare and other programs to restore access to the American Dream.
It’s time for billionaires to pay their fair share.
nothing makes boomers sound more boomerish than all the boomers triggered by this tweet. hats off to @bennyjohnson for stoking some boomer 🔥. Unfortunately they vote… so be prepared for some Magnum PI tax credits coming down the pike.
This is a generational betrayal.
What boomer will have the backbone and humility to admit this, apologize and spend their final years and energy to right this wrong?
I hear nothing.
A generation voting and regulating themselves lavish riches and closing the door on the way out
@bennyjohnson@MattWalshBlog I’m a boomer only by a few months - or I’d be generation X.
I was poor my entire life until I made it in my older years.
Stop demonizing us. I’ll be glad to compare how privileged you’ve been, to how I’ve been any day of the week.
Please stop.
this is such bs… to aim this camera at sirens, get the shot, they had to see them, and then they woulda been turned to stone. The fact they weren’t makes me think this is AI.
5. Better to borrow personally than have the LLC as borrower. Why? If LLC borrows bank requires a pers guaranty, which means then pursue owner on deficiency after foreclosure. If owner is also borrower, bank has to choose its remedy=better leverage in a loan workout situation.