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6. So a guy worth $100B can live in a $300k house and claim Homestead Exemption and pay $800/yr

Thu Sep 23, 2021, 05:14 PM

Sep 2021

That's a good way to get at his $100B

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17 replies

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Come on in. Proof positive that the Tax system is broken. Hint: Elon Musk. [View all] WarGamer Sep 2021 OP

Just to add... WarGamer Sep 2021 #1

When your riches are in stock... PoliticAverse Sep 2021 #2

But we can't tax someone's wealth, right???? WarGamer Sep 2021 #3

Yet we do it all the time: property taxes nuxvomica Sep 2021 #4

And a very regressive tax too. n/t PoliticAverse Sep 2021 #5

the point is for many middle class people their house and car dsc Sep 2021 #13

And eventually those loans come due Zeitghost Sep 2021 #7

No, there are ways around that... PoliticAverse Sep 2021 #8

The pool so far. LanternWaste Sep 2021 #9

Problem is they really can't just go and cash it all out either. jimfields33 Sep 2021 #10

Do you have a citation for tha? While I believe Musk didn't pay Hoyt Sep 2021 #11

Between 2014 and 2017, 3.3% effective tax rate. WarGamer Sep 2021 #12

You pay income tax on the value of the stock when it's granted mathematic Sep 2021 #14

Bottom line 3.3% effective tax rate. WarGamer Sep 2021 #15

K & R Duppers Sep 2021 #17