Published: May 18, 2024
Elon Musk's Tax Bombshell: Revealing the Shocking Discrepancy in His Payments
Updated Wednesday, April 17, 2024 at 12:00 AM CDT
In a social media showdown that has taken the internet by storm, Elon Musk, the enigmatic billionaire and CEO of Tesla and SpaceX, dropped a bombshell about his tax payments. The controversial tweet has sparked a heated debate among netizens and ignited a firestorm of criticism towards the tech tycoon.
In a tweet posted from his official Twitter handle @elonmusk, Musk boldly proclaimed, "For those wondering, I will pay over $11 billion in taxes this year." The tweet, which went live at 21:24 on December 19, 2021, from an iPhone, instantly gained traction, racking up an impressive 53K retweets, 14.7K quote tweets, and a staggering 546K likes.
However, it was the response to Musk's tweet that truly set the internet ablaze. Anya Overmann, an outspoken Twitter user with the handle @AnyaLOverm, fired back at Musk, accusing him of paying a mere fraction of his net worth in taxes. Overmann's profile picture paints the image of a confident professional, with fair skin, long dark hair, and a captivating smile.
In her scathing response, Overmann didn't hold back. She wrote, "That's 4.5% of your net worth. You paid 3.27% between 2014 and 2018, & no fed taxes at all in 2018. You made $36 billion in ONE DAY in 2021. Most US ppl pay 10 to 37% in fed taxes & up to 13.3% in state taxes. Stop vying for sympathy from people who pay and pay your fair share." The tweet, which was sent just 2 seconds after Musk's initial post, encapsulated the frustration and anger felt by many.
The ensuing comment section was flooded with reactions, ranging from support for Overmann's message to debates about tax policies and income disparities. One user pointed out, "Seeing as he's estimated to have made 94 Billion in 2023, that puts his effective income tax rate at 11.7%. So while the conflation with overall wealth is misleading, 11.7% is still too low for someone who earned 94 Billion." Another comment read, "Most people do not pay 10-37% of their net worth in taxes. He’s still a d*****bag, but let’s at least compare apples to apples while we condemn him."
While some defended Musk, stating that taxes are based on income rather than net worth, others criticized the system and called for higher tax rates for the ultra-wealthy. The debate raged on, with passionate arguments from both sides of the spectrum.
As the controversy continues to unfold, it's clear that Musk's tax revelation has struck a nerve with the public. Whether this will lead to any concrete changes in tax policies or simply fade away as another social media storm remains to be seen. One thing is certain: the discourse surrounding wealth, taxes, and fairness is far from over.
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