Sen. Elizabeth Warren (D-MA) claimed during an interview last week that billionaire entrepreneur Elon Musk did not pay any money in taxes, which elicited a response from the world’s richest man.
Warren said during the CNN interview that “for example, Elon Musk, 2018, we’ve actually seen his tax returns.”
“You know how much he paid in taxes? One of the richest people in the world? Zero,” Warren said. “And he’s not the only one. Jeff Bezos, right, another one of the richest people in the world, he pays less in taxes than a public schoolteacher or a firefighter. And they do this because they’re only being taxed on income. They very cleverly make sure they have no official income. They just have all this stock that keeps building in value, building in value. They borrow against it. It’s just not right.”
Media reports claim that Musk paid $0 in federal income taxes in 2018, but did pay $455 million in taxes between 2014 and 2018. Musk tweeted in late December that he would “pay over $11 billion in taxes this year.”
Musk responded to the comments from Warren by writing on Twitter: “Will visit IRS next time I’m in DC just to say hi, since I paid the most taxes ever in history for an individual last year. Maybe I can have a cookie or something …”
This is an excerpt from The Daily Wire.
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