What’s Happening:
Joe Biden needs as much of our money as possible, if he is going to turn America into a socialist dictatorship. That means, he needs to hammer everyone, including America’s wealthiest, to bankroll his corrupt system.
Recently, Biden went to task against the people who create most of the jobs in America. Sounding a lot like Bernie Sanders, he claimed that billionaires only pay “three percent” in taxes. Biden said they “out to pay a minimum of 25%.” Well, Elon Musk took exception to old Joe’s claims. And he dropped a hammer on him.
I paid 53% taxes on my Tesla stock options (40% Federal & 13% state), so I must be lifting the average!
I also paid more income tax than anyone ever in the history of Earth for 2021 and will do that again in 2022.@CommunityNotes, is the 3% number cited above accurate?
— Elon Musk (@elonmusk) March 18, 2023
Woah. Musk revealed he paid much more than what Biden is claiming. In 2021, he paid 53% taxes just on his Tesla stock options. That included 40% federal taxes and 13% state taxes. That blows Joe Biden’s claim out of the water.
Where the heck did Biden get 3 percent? Elon Musk would have avoided paying that much if he could, right? He decided to bring in Twitter’s community fact-checkers to see if what Biden said was true.
Guess what? Biden was dead wrong. According to Twitter’s Community Notes feature, the top 1% of taxpayers paid a 25.99% rate in 2020–more than eight times higher than what the bottom half of taxpayers paid (which was a 3.1% average tax rate).
The “evil” one percent of Americans are already paying more than what Biden wants them to pay. And they are paying far more than what Biden is claiming. Much more than three percent.
Isn’t it funny how Joe thinks he can just say these things and not get called out on it? Where is CNN, ABC, MSNBC, and all the other news outlets? Why aren’t they calling out Biden for making these inaccurate claims? It didn’t take long for Twitter users to find the real facts.
Yet the media protects Biden when he lies… odd isn’t it?
Key Takeaways:
- Biden claimed billionaires pay only 3% in taxes–and wants them to pay at least 25%.
- Elon Musk blasted Joe, pointing out he paid 53% in taxes last year.
- Fact-checkers proved Joe wrong, revealing that the one percent paid a 25.99% tax rate in 2020. The bottom half of taxpayers only paid 3.1%.
Source: Twitter
