Biden and Musk Clash Over Billionaire Taxes
TL;DR Summary
President Biden's Twitter account posted a graphic claiming that billionaires pay an average tax rate of 3%, which contradicts figures the White House has issued in the past. The White House previously stated that billionaires pay an average tax rate of 8%, factoring in unrealized gains. Twitter CEO Elon Musk disputed Biden's claim, stating that he paid 53% taxes on his Tesla stock options and more income tax than anyone in history.
- Biden's Twitter account fact-checked for dubious claim about the taxes billionaires pay Fox News
- Musk Wants to Eliminate the Tax Schemes of Billionaires and Millionaires TheStreet
- Does Elon Musk Back Biden's 25% Minimum Tax On The Nation's Richest? 'Curious ... How These Other Billion Benzinga
- Biden's 'fair share' tax tweet instantly challenged; Elon Musk weighs in with enlightening fact check TheBlaze
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