Come on in. Proof positive that the Tax system is broken. Hint: Elon Musk. [View all]
I'll just hit you up with the facts:
In 2018, Elon Musk received a salary of $56,830
In 2019, Elon Musk received a salary of $23,760
In 2020, Elon Musk received a salary of $0
And he's never received a dime from Tesla. He takes the "salary" in stock.
Wow... these people are so brilliant (sarcasm) that they can get around the "oh so well written" tax laws.
Musk, who is worth around $200 Billion paid... between 2014 and 2017...
3.3% in taxes.
To summarize... next time a politician brags about jacking up the marginal rate on people who are paid a salary... by like 3%... slap them (figuratively)
I agree with the UK Wealth Tax Commission, a one time larger Wealth Tax and annual Wealth Tax payments. And YES (Mark Cuban hates this one) tax them on the value of their stock portfolio on a random date of the year.
= new reply since forum marked as read