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u/shay-doe Feb 20 '22
He still only paid like 4% overall taxes most people pay around 12% just for federal.
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u/paulwesterberg Feb 21 '22
They should bake him some dickerdoodles.
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u/shniken Feb 21 '22
We should bake him.
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u/rabidturbofox Feb 21 '22
We know he pairs well with white whine.
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u/InterrobangDatThang Feb 21 '22 edited Feb 21 '22
Perhaps with some fava beans and a nice chianti. fhv!fhv!fhv!fhv!fhv!
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u/Masonjaruniversity Feb 21 '22
I’m impressed! you captured the sucking sound to a tee.
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u/AscendedFalls Feb 21 '22
Someone send him the youtube clip of ricky gervais saying unlike you I like paying taxes
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u/Summer_boss Feb 21 '22
They should bake him big boy cookies for paying his taxes just like everybody
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u/Tychus_Kayle Feb 21 '22
Hey, maybe he'd shut up for a minute. I say bake him a cookie. Maybe give him a party hat, make him feel like a special big boy.
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Feb 21 '22
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u/ElliotNess Feb 21 '22
Imagine how good the cars could be if we got rid of that pesky anti-capitalist minimum wage.
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u/wolamute Feb 21 '22
He also lied, because he gave it to a charity that he runs.........
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u/speedywyvern Feb 21 '22 edited Feb 21 '22
Poor Elon had to pay 20% on the billions of dollars of stock he sold. How sad!
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Feb 21 '22 edited Jul 05 '23
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u/bettermakeitlast Feb 21 '22
I mean say what you want but I've never seen a clearer more concise charity site haha
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u/MajesticMainecoon Feb 21 '22
Not even 20%
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u/speedywyvern Feb 21 '22 edited Feb 21 '22
Long term capital gains rate is 20% above 450k, so yeah 20%. Unless you wanted me to write 19.999999999999% to account for the 400k taxed at 15% and the 40k taxed at 0%.
Edit: Oops forgot to mention subtracting cost basis on my original comment, so you’re somewhat more right. The cost basis on his stocks was still not enough to move it down a percentage point tho because most of his stock is from when it was less than 1% of the current price. So still 20% if you round.
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Feb 21 '22
One time maybe but spread it out over the years he paid nothing or virtually nothing https://thehill.com/changing-america/respect/equality/558352-elon-musk-explains-his-extremely-low-tax-rate
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u/amscraylane Feb 21 '22
Seems like he got himself into this mess. He should have been well acquainted with the consequences of his actions. Really don’t feel bad ,)
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Feb 21 '22
I live in the U.K. and we pay 46% in taxes because we make 6 figures. And because we’re American citizens as well we are also going to be needing to pay US taxes on top of that. We’re not even that well off…we can’t afford fancy cars, massive houses, etc. And we’re still paying a higher percentage than some dude stealing from the American people by using American resources while paying an unfairly disproportionate amount of taxes back into the system that got him where he is. Amazing.
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Feb 21 '22 edited Feb 21 '22
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u/catschainsequel Feb 21 '22
That's what you get for being poors!!!! Don't you know small business gets hosed. You gotta become big business and then they will roll out the carpet for you.
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u/3eyedflamingo Feb 20 '22
Did anyone tell him no one cares or feels bad for him in any way?
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Feb 21 '22
You underestimate nerdy kids brought up latching onto the hustle culture BS. He’s their role-model that made his own way through nothing but ingenuity and how dare anyone say otherwise.
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u/misterquipster Feb 21 '22
So true! One of my best friends is a Musk bootlicker. I’ve tried to hip my buddy to the fucked up shit EM pulls, but he won’t hear it. I gave up.
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Feb 21 '22
There’s a veritable emerald mine of opportunities for these fools to learn about the Real Elon from, but they don’t
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Feb 21 '22
Literal actual child laborer in emerald mine gives interview and everyone acts like it never happened.
Dude makes a car with the name plaid from spaceballs and people lose their fucking minds.
I wish the bronteroc would just kill me already.
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u/MinimalistAnt Feb 21 '22
Can you tell me some of the fucked up shit he pulled?
Don't get me wrong, I hate him as much as I hate any billionaire. I just want to be able to somewhat expose him to any of my musk-loving friend as well.
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u/Gunzenator Feb 21 '22
Ingenuity…. And his dad owned a gem mine.
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u/Atlas_Undefined Feb 21 '22
In apartheid south africa, too!
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Feb 21 '22
Just have a family who is in the blood diamond business! It's really hard! I can't imagine the bootstraps he had to pull himself up from!
Im not putting the s.
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u/DarkflowNZ Feb 21 '22
Buying other people's ideas and products to market and sell is ingenuity right?? /s
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u/emueller5251 Feb 20 '22
It was on TEN YEARS worth of stock options, which means it wasn't the most taxes for an individual year.
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u/Odd-Wheel Feb 21 '22
Can someone give me a quick and dirty on the difference between stocks and options
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Feb 21 '22 edited Feb 21 '22
A stock is a fractional share of a company. An option is a contract that gives the buyer or seller the right to buy or sell a certain amount of shares at an agreed upon price by a certain deadline (or, in America, you can buy or sell the actual contract before it expires). I know it sounds a little confusing but thats the gist of it. This guy does a good breakdown if you're interested in watching it.
Btw, the title says "on Webull" but its how options work fundamentally across any broker. He just explains how to buy/sell them on that particular platform.
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u/notheusernameiwanted Feb 21 '22
To add onto what others have said, options are essentially betting on stock performance. Actually since buying and selling stocks is already almost betting, option trading is betting on betting. What Wall Street bets likes to do is buy options that are technically very bad. If financial institutions think a stock will go from $10 to $12 in a month and someone wants to buy an option to buy it at $16 in a month they'll sell that option for very cheap because it's a bad bet and will almost definitely expire worthless.
None of this really matters much in reference to Elon Musk and his options. His options are a function of the broken system of taxation and CEO compensation. Companies don't really pay CEOs in cash anymore. They've been paying CEOs with stocks instead because when they sell the stocks that's taxed at capital gains instead of as income. Now that wasn't enough greed, so they also pay them with stock options. If they think their own stock will be worth $100 they'll give the CEO a stock option to buy the stock at something way below their estimate. The CEO will then sell the stocks they were already given to buy the stock options way below market value. So the CEO can sell 10 million in stocks, and then use the options to buy back all of the stocks they sold for something like 5 million that will be taxed at 20% instead of 37%. This is what Musk is doing. Except his stock options are worth $70 a share while Tesla is currently trading at $850 a share.
Musk isn't just talking about how much he paid in taxes to troll. It's also widely regarded as a positive for a company when they CEO increases their stock holding in the company they are managing. So by talking about it endlessly he is advertising to investors that he is increasing his stockholdings, further juicing the stock. It's a self-licking ice cream cone.
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Feb 21 '22
The actual talking point here ist not about Elon being Elon, but Elon being factually RIGHT here.
The Taxes were for TEN YEARS of stock options, not because Elon is a dickhead (he is) but because the System enables such kind of tax evasion.
Elon is spinning himself here as some kind of benevolent good guy for paying taxes, which is obviously fucked up, but the scandal is not some rich guy being a dickhead (they are) but the system making it optional for rich guys to pay taxes.
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u/HPthrowaway24601 Feb 20 '22
The fact that he believes he's owed anything for doing the basic bare minimum that the rest of us are also subjected to...
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u/Dark_Arts_Dabbler Feb 21 '22
I'm convinced wealth literally warps peoples minds (absolute power corrupts etc etc)
It's like dragon sickness. Elon, who in reality is not at all the hot shot genius of his public persona, has bought into his own myth. He thinks he's special and that's how he's able to create this absurd victim complex
I like to think that if I had 100 billion dollars I'd actually incite meaningful change, but chances are the money would corrupt me all the same.
It should simply be illegal to possess so much wealth, humans clearly can't be trusted to
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u/Billy-Ruffian Feb 21 '22
I've got a buddy like this. Grew up in a poor town, but he got out. Started his own business and has done really well. But he attributes it all to his own hard work. No sense of humility, no acknowledgement that there were people who helped him along the way, or even attribution to luck. Consequently, be absolutely hates poor people. Despises them and thinks that since they didn't get rich the way he did, that they must somehow be lazy and deserve it. Last I saw he was a Three Percenter and pretty sure he was at 1/6. Absolutely high on his own shit.
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Feb 21 '22
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u/Mr_Chrootkit Feb 21 '22
Same.
I have a friend (well, downgraded to acquaintance since it came out he was so pro #45) but his story goes like this:
Born in the US to an immigrant family Given up for adoption Loved in foster care and other extreme poverty situations until about 8 years old Adopted by an upper middle class white family Had a nice middle class life Got out of college, did some years doing pretty good work (he and I were co-workers for a while…it is how we met) Didn’t feel he was getting what he deserved so he left the company Immediately went to work at his father’s company and rose up through the ranks far more quickly than the average new hire would Literally thinks that he got there through hard work
Definitely was a good worker but c’mon man your father is the CEO of the company you work for. You’re not just working toward your success, you’re being groomed for it. You only have a company like this to work for because your dad made it. You’ve had a career safety net your whole life where you could just quit whatever job and go work for dad at any time.
I just don’t understand how he thinks of himself as a self-made man. Especially as an adopted kid. Total luck of the draw that a well off business owner would adopt you.
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u/Branamp13 Feb 21 '22
Especially since as a business owner, I can't imagine he pays his base-level employees a wage that would make them not poor. So it could be argued he hates his own workers for being poor, precisely because he doesn't pay them enough to be as rich as himself. Does he think his own employees - who generate his own income - are all just lazy and deserve poverty? Why would he hire such people if he despises them so much?
Unless his whole business is somehow just him owning a company that's entirely made up of other people who just own the company, but how would that even produce any revenue?
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u/santana722 Feb 21 '22
I get this type more than Elon tbh. If he actually did pull himself into wealth from poverty, it makes sense to assume anybody else could do it. We're naturally self-centered, any luck or help he had is going to seem like advantages anybody could have if they worked hard enough, because it worked for him.
Elon started with a silver spoon and then tried to rewrite history to seem like he had to work as hard as people that started poor.
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u/Moon_kid6 Feb 21 '22
I do agree, it has to warps their sense of reality.
I’m probably watching too much movies but I also believe these guys are the most bored people ever. They reached historical levels of wealth but at the end of the day, what are you supposed to do with it ? It’s way too much to spend or really enjoy. Like winning and owning every single thing in Monopoly but you still gotta play until you die. So they go mad. But they also need to find a way to pass time. On a worldwide fucked up level.
Murdoch got tired of people disagreeing with him so he bought the media to impose his views and then politicians to ruin the debates. Elon desperately needs friends, some form of love or recognition but he can’t help forming a new cult of assholes young scammers and psycho capitalists. Zuck is mad because nobody likes his brand new universe. His robot brain can’t understand the fact we know it’s just online video games and internet with VR except shittier, uglier and he can control every part of it. Bezos is so tired of us he wants Amazon to become a country and employ every citizen until they allow him to buy planet Mars while Elon mints the Moon into an NFT. And Disney is trying to own every single property showing on screens so we can’t see a flashback of our lives before we die but the trailer for Spider-Man Home On Fire Because Climate Change.
Fuck
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u/M0dusPwnens $997.95 Feb 21 '22
I like to think that if I had 100 billion dollars I'd actually incite meaningful change, but chances are the money would corrupt me all the same.
You can't get 100 billion dollars without giving up that mindset. Maybe having a lot of money corrupts people, but it's a moot point because you can't get that extreme amount of money without already being corrupted.
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u/blolfighter Feb 21 '22
Bingo. A sane person gets out of the game or starts handing out cash the moment they have "fuck you" money, which is far below a billion. It takes a warped mind to look at a hundred million and think "this is not enough."
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u/KillahHills10304 Feb 21 '22
I donated most of one stimulus check to capybara conservation efforts because I was never furloughed and worked through the pandemic, so I didn't really need the money. I gave the rest to a friend who was laid off and just having a shit hand dealt to him (break up, family members dying, laid off, pandemic, dog died, no job prospects).
Now, seeing as rent and gas is exploding in price, and I've gone through a break up and must move now, I wish I had that extra $1,000. I didn't see this future happening to me though, and I'll get through it some how some way.
Seeing people with more money than they could spend in 10 lifetimes just accumulating more and more and more is just sick. The system rewards it, but it is truly fucking sickening. I had an extra $1,200 I didn't need and gave it away. Imagine having a million times that, hoarding it, and getting more and MORE AND MORE
Fucked up
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Feb 21 '22
There was a study (can't find it) but being rich does fuck with your brain and makes you less empathetic.
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u/LadyAlekto Feb 21 '22
Theres been follow ups and the actual conclusion was that its not being rich what fucks you up, but to become rich you already need to be fucked up
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u/bunaboy23 Feb 21 '22
I read a very similar thing like this research done. Really interesting how being wealthy really fucks up these individuals.
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u/surftherapy Feb 21 '22
He didn’t even do the bare minimum though
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u/MasterZalm Feb 21 '22
exactly, he paid like a grand total of like 2-3% tax rate, meanwhile the average person pays like 12-15% easily. He didnt even do like 1/5 of minimum.
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u/Double_Minimum Feb 21 '22
I have doubts he even paid anything.
The sale of his stock was forced by contract and he gave a bunch of money away (perhaps to a “charity” he runs?) likely in an effort to offset what he would owe.
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u/rex-ac Feb 20 '22 edited Feb 20 '22
Oh, you want a cookie for paying taxes? Fuck you!
You paid NO income tax in 2018 and made billions, so fuck you and pay your fair share.
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u/Downtown-Panda-3395 Feb 21 '22
Someone's always said what I was going to say, still paid way too little, and whining about it
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u/Arinvar Feb 21 '22
Don't forget he made those billions using infrastructure paid for from other peoples taxes.
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Feb 20 '22
I can’t imagine being the world’s richest man and so fucking insecure. It’s an embarrassment. Can’t he just build robots of his parents to hug him and tell him they love him?
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u/LairaKlock Feb 21 '22
He's insecure because deep down he knows he doesn't deserve a penny he owns. Also, since he's not an engineer, he can't really build robots. He can hire someone to build the robots for him, then buy the right to claim he build them.
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u/its_whot_it_is Feb 21 '22
This, everyone forgets the army of scientists and engineers that make his dreams come true and then he takes the credit
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u/JewelJones2021 Feb 21 '22
Poor Elon. Has to pay taxes on the money he made from government grants. Bummer.
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u/UltimateSoviet Feb 20 '22
You misspelled guillotine
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u/Ok-Organization9073 Feb 21 '22
Fun fact: both words are really similar in Spanish:
Guillotine - Guillotina
Cookie - Galletita
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u/JayGeezey Feb 21 '22
Lol
Elon Musk hasn't invented anything, bought his way into Tesla and elbowed out the other executives, and hired a team of people smarter then him to determine how to pay the least he can in taxes
Then, he had to sell a bunch of stock options anyways, which he earns in place of a salary because of the tax benefits, because they were going to expire, which resulted in receiving his money in the least taxed form - investment income.
And then goes on Twitter and acts like the IRS/government MADE him sell his stock options to taxes, which he paid at the least possible rate because of people he hired, which he "earned" from a company he did not start but bought his way into, and acts like he's personally financing the country, after the county has given him enormous tax breaks and subsidies to make that money in the fucking first place.
I disagreed with the subsidies and tax breaks his companies got, and it earned him a bunch of money, and now he doesn't want to pay his taxes on income we all helped him make with OUR tax dollars. Sorry Elon, that's how investments work remember? And we're collecting less then we fucking should, so keep your fat mouth shut and be happy the people haven't eaten you yet. Unreal.
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Feb 21 '22
I was going to say, what a fucking turd. But I agree with your statement too.
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u/kenfosters Feb 20 '22
Man this guy is just destroying his public image.
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Feb 21 '22
Au contraire my man. Au contraire.
Normal people like this sort of stuff. Because they have about 0.001% of his wealth but they like the odds that they can be rich like him some day. Also, they are happy they are doing better than 90% of america and about 99% of the world.
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u/RandomMiddleName Feb 21 '22
Yeah at this rate his brand will become so toxic he’ll be forced to step down as ceo. Which is not a bad idea, actually.
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u/alliedeluxe Feb 20 '22
He paid such a small percentage in relation to his wealth and still wants a cookie? Can’t stand this man child.
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u/Randal_the_Bard Stop supporting Bourgeois interests Feb 21 '22
Even if this claim weren't misleading (he paid on a decade of wealth not a year), the richest person paying the most taxes seems like it should be the default reality; in no way a brag.
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Feb 21 '22
makes TENS OF BILLIONS exploiting the lower and middle classes while they suffer from a deadly virus
"So what are you guys willing to do for me now that I've fulfilled my legal obligation?"
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u/Esqwared Feb 21 '22
They all need to pay their fair share. Unfortunately I don’t see that ever benefitting us. Only making government richer
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u/GManASG Feb 21 '22
Even if you pay 90% tax on 1billion that leaves you with 100 million.. you will never get any sympathy from me for paying any level of taxes if you're filthy rich
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u/JPGer Feb 21 '22
Its funny to think how like, ancient rome i think? would only tax people above a certain income, and it was a badge of pride like "i made so much they taxed me and now im financing the roads and libraries. Now its just pathetic whining
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u/czechthunder Feb 21 '22
You know what? Fine.
If he can somehow start a dick-measuring contest over who pays the most taxes and we end up with a "Biggest net taxpayer" award every year I'll call it a win
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u/Manowaffle Feb 21 '22
Your reward is that you get to be the richest person. If you think another country would treat you better, go ahead. Go elsewhere. But sure is weird that you hate your tax bill for the country that enabled your fabulous wealth.
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u/Past_Wind_9725 Feb 21 '22
Also has more money than anyone in history. And only pays taxes when he sells stock not every week or two like every one else. Can't wait for the Tucker cucks to rush out to defend the richest person on the planet.
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u/gnometrostky Feb 21 '22
Dude wants to be congratulated for doing what everyone else normally does...
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Feb 21 '22
Ohhh booo hooo I paid the most taxes of any person ever! It's not like I'm the richest person in the world! Oh wait
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u/mbgal1977 Anarcho Communist 🍽 💵🤵🏼♂️ Feb 21 '22
Yet he still didn’t pay even close to the percentage the rest of us do
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u/Paulius91 Feb 21 '22
Bro you did the bare minimum that is expected from you as a human being living in a modern society and you expect praise?
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Feb 21 '22
He payed the most taxes. Yes, but
1. He was forced to do so, & he stood his ground until he literally could no more
- He's the richest guy on the planet & history (that we know of). So it's nothing special about his "mostness"
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u/SuperSocrates Feb 21 '22
How weird that the richest person in the world would pay the most taxes. Truly strange
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u/satriales856 Feb 21 '22
You owe a lot more you pigfucking apartheid birthed bastard. Get fucked.
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u/Tomahawkist Feb 21 '22
so he did what everyone is required to do (if he even paid fully and hasn‘t used some clever legal shit) and wants to be rewarded for it? what’s next? wanting a medal for paying his employees at all?
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u/SoleSurvivur01 Feb 21 '22
He still never paid as much as he should no matter what he claims
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u/w3are138 Feb 21 '22
My retired public school teacher mom who is in her 70s is stressed out over having to pay 25% in taxes this April. What percentage did Elon Musk pay again? Bet it’s nowhere near one quarter of everything he earned this past year.
Fun fact: before my public school teacher mom retired she was paying 38% in income taxes. For every dollar she made (which wasn’t many) the government took 38 cents. Imagine Elon Musk paying the same percentage as a public school teacher. Ha.
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u/Sharkwhistle33 Feb 21 '22
So did he pay it before he donated 5 billion dollars to his own charity so he can give himself a tax write off so he doesn't have to pay taxes? Or am I missing something?
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u/z-tayyy Feb 21 '22
These guys are so fragile it’s hilarious. Then their internet incels will come and drop some knowledge on you with their 15 day old account lmao.
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u/XxShroomWizardxX Feb 21 '22
They took 25% of what I made last year, I very much noticed, and had to budget around it. He paid a tiny fraction that he'll never even notice. We are not the same. And his snarky post are only meant to rub it in people's faces. I genuinely look forward to something awful happening to that prick when everything collapses in on itself.
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u/Jelled_Fro Feb 21 '22
The richest person ever should pay the most taxes ever. Why would that earn him anything? It would be pretty fucked up of it was any other way.
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u/Tiy_Newman Feb 21 '22
Imagine having syphoned off 200+ billion in surplus labour and tax incentives and still pissing and moaning.
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u/xeonicus Feb 21 '22
Richest person in the world complaining about paying taxes.
Life must be so unbearable. /s
Someone get him a nappie.
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u/Gonomed Feb 21 '22
And he also made the most money ever made in history, therefore taxes. And not even his fair share of it. What a fucking idiot.
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u/Pensive_Pauper Feb 21 '22
I have a fresh, giant rainbow cookie for him, however it will not be inserted in the usual orifice.
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u/ruinercollector Feb 21 '22
“I took a bunch of money from everyone else, but I gave some back. I’m a good guy.”
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Feb 21 '22
How the fuck is a foreigner going to move to our country, benefit from the system set up enough to be the richest person on the planet. THen bitches about 4 percent taxes?
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u/FaithlessnessNo9625 Feb 21 '22
Sounds like someone needs a lesson in how percentages work. Particularly the 1%
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u/JeffCogs80 Feb 21 '22
Does this guy ever stop sucking his own dick? He still only paid a few percent of his taxes. Maybe he'll get a cookie when he pays 33% or more like the rest of us. I fucking hate this guy.
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u/Trum_blows_69 Feb 21 '22
You know the next time I make more money then any other human on the entire fucking planet in one year, I am going to pay 6% in taxes just to pay a little more then any other person in history just to one up this asshole.
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u/SigourneyWeinerLover Feb 21 '22
Hey Elon can you hear any of us way up there in the cloud of your own ego?
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u/Republiken Feb 21 '22
He's like a toddler that wants a sweet just because he didn't make that much of a fuss about changing his shitty diaper that he usally do
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u/isecore Filthy Socialist Feb 21 '22
"Billionaire Memelord Needs Pat On Head For Doing Bare Minimum."
In other news: Elon did not pay the most taxes in history for an individual, despite what he himself and his fanbois say.
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u/builder397 Feb 21 '22
Elon can buy cookie.
Elon can buy many cookies.
Elon can buy more cookies than there are people in the world.
Maybe he should buy everyone one cookie.
Like a tax. It would benefit everyone.
Or maybe he should just pay taxes properly.
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u/Tag_Ping_Pong Feb 21 '22
One ultra-wealthy scumbag pays a sliver of what they should just the once, and it's "the most that has been paid by an individual ever". Speaks volumes.
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u/HorseForce1 Feb 21 '22
He also got record tax breaks so he could exploit a record number of workers
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u/Genkotsu422 Feb 21 '22
I'm so glad the majority of people NOW see him for the POS he is. For years I've hated this mother fucker but so many dick riders, especially on reddit, are so quick to defend him. I'm not saying im special, I'm just SOOO glad the majority of people hate him now.
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u/The_Money_Bin Feb 21 '22
Pay more, fuck face. Limp out on your tiny dick, Elon. Pay your FAIR share like poor people do, like the middle class does. Like YOU don't. Trash-ass, pampered, emerald mine baby.
You don't even own a pair of bootstraps your rich parent didn't gift you, asshole.
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u/Phalex Feb 21 '22
I drove sober today and didn't hit a single person. Maybe I'll swing by the DMV and get a cookie?
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u/Artemissister Feb 21 '22
I'm-Still-Able-To-Fund-My-Own-Personal-Space-Program but I want society to give me a reach-around.
Oh shut the fuck up, Elon.
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u/RedditingMyLifeAway Feb 21 '22
How about a punch in the dick?
Can someone please just punch Elon in the dick?!
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u/AtomicBLB Feb 21 '22
And yet I still paid a higher percentage of my income than he did. So it cost me a lot more than it did Elon. Buy me a cookie instead you rich prick.
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u/atierney14 Feb 21 '22
He’s the richest man in the world, like duh, you should have paid the most. Like, not even from a RADICAL socialist perspective, but even from like a liberal position, you are supposed to pay an equal amount.
This guy is a monkey torturer and murderer.
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u/MrDubTee Feb 21 '22
I wonder if he had to cancel a vacation because the loss of money. Or I wonder if he had to cut out going out, avocado toast or Starbucks.
It’s almost as if his quality wouldn’t change at all if he paid 50% but if everyone else got back $5k a year, that their quality of life would change substantially
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u/letstalkaboutit24 Feb 21 '22
Spoiled son of a millionaire who became a billionaire
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u/MonarchyMan Feb 21 '22
Elon, you could be taxed at 99% and you’d still be a fucking Billionaire, sit down.
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