Photo: MARK RALSTON/AFP via Getty; Maja Hitij/Getty
Sen.Elizabeth WarrenandElon Muskare feuding on Twitter.
“Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,“Warren tweeted Monday.
The head of Tesla Inc., a companyvalued at $1 trillion, and SpaceX, which iscontracted to give NASA astronauts a ride to the moon, added in apair of follow-up tweets.
“You remind me of when I was a kid and my friend’s angry Mom would just randomly yell at everyone for no reason,” he wrote.
“Please don’t call the manager on me, Senator Karen,” he also said.
Warren, 72, is a dedicated proponent of raising taxes on the rich. In an Augustop-ed for theWashington Post, she wrote about disparities in the U.S. tax code that give wealthy Americans and the largest companies an advantage over less well-off taxpayers.
“The 400 richest Americans had more total wealth, as of 2019, than all 10 million Black American households, plus a quarter of Latino households, combined,” she wrote. “Yet the ultrarich pay only 3.2 percent of that wealth in taxes, while 99 percent of families pay 7.2 percent. And scores of giant U.S. corporations pay zero.”
Musk is the world’s richest person and worth an estimated $250 billion (give or take a few billion), according to Forbes' Real Time Billionaires estimate.
Though he paid no taxes in 2018,according to a ProPublica investigation, because he technically had only assets and no income, he is set to pay a massive amount in taxes this year on income he earns for exercising stock options.CNN predictshis federal tax bill will be $6.4 billion.
“And if you opened your eyes for 2 seconds,” Muskwrote in another Twitter postdirected at Warren, “you would realize I will pay more taxes than any American in history this year.”
source: people.com
