{"id":1320997,"date":"2022-02-21T07:22:40","date_gmt":"2022-02-21T12:22:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1320997"},"modified":"2022-02-21T07:23:07","modified_gmt":"2022-02-21T12:23:07","slug":"elizabeth-warren-claims-that-elon-musk-who-paid-largest-tax-bill-in-u-s-history-pays-no-taxes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-warren-claims-that-elon-musk-who-paid-largest-tax-bill-in-u-s-history-pays-no-taxes\/","title":{"rendered":"Elizabeth Warren Claims That Elon Musk, Who Paid Largest Tax Bill in U.S. History, Pays No Taxes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felizabeth-warren-claims-that-elon-musk-who-paid-largest-tax-bill-in-u-s-history-pays-no-taxes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1320997&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>    Elon Musk: Elizabeth Warren is Lying About Him Paying &#8216;Zero&#8217; Taxes Again<br \/>\n    <meta \/><br \/>\n    <meta content=\"width=device-width, initial-scale=1.0\" \/>\n    <link rel=\"pingback\" href=\"https:\/\/www.based-politics.com\/xmlrpc.php\" \/>\n    <meta content=\"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1\" \/><\/p>\n<p>\t<meta content=\"Elon Musk: Elizabeth Warren is lying about him again. 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768w, https:\/\/www.based-politics.com\/wp-content\/uploads\/2022\/02\/This-SHT-4-150x84.png 150w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/This-SHT-4-1068x601-1.png 1068w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/This-SHT-4.png 1280w\" alt=\"Elon Musk Elizabeth Warren\" title=\"Elon &#038; Elizabeth\" \/><figcaption class=\"tdb-caption-text\">Image Credit: Gageskidmore, Royal Society via WikiMediaCommons<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<div class=\"vc_row_inner tdi_84  vc_row vc_inner wpb_row td-pb-row\">\n<div class=\"vc_column_inner tdi_86  wpb_column vc_column_container tdc-inner-column td-pb-span12\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"td_block_wrap tdb_single_author tdi_87 td-pb-border-top td_block_template_1 tdb-post-meta\" data-td-block-uid=\"tdi_87\">\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-author-photo\" href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" title=\"Brad Polumbo\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.based-politics.com\/wp-content\/uploads\/2022\/01\/brad-150x150.jpeg\" width=\"96\" height=\"96\" alt=\"Brad Polumbo\" class=\"avatar avatar-96 wp-user-avatar wp-user-avatar-96 alignnone photo\" \/><\/a><\/div>\n<\/div>\n<div class=\"td_block_wrap tdb_single_date tdi_88 td-pb-border-top td_block_template_1 tdb-post-meta\" data-td-block-uid=\"tdi_88\">\n<p><time class=\"entry-date updated td-module-date\" datetime=\"2022-02-20T19:46:35-05:00\">February 20, 2022<\/time><\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"td_block_wrap tdb_single_content tdi_91 td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"tdi_91\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p><span>Tesla CEO and Twitter iconoclast Elon Musk once called Elizabeth Warren \u201cSenator Karen,\u201d and frankly, it\u2019s easy to see why. Over the weekend, the far-left Massachusetts Democrat yet again unfairly attacked the billionaire\u2014this time, lying about how much he pays in taxes.<\/span><\/p>\n<p><span>During an appearance on CNN\u2019s <em>New Day<\/em>, Warren was asked about the fact that Musk just donated billions in Tesla stock to charity.\u00a0<\/span><\/p>\n<p><span>\u201cI\u2019m delighted that he did this,\u201d Warren responded. \u201cI also believe, however, that billionaires ought to be paying taxes\u2014and it shouldn\u2019t be optional.\u201d<\/span><\/p>\n<p><span>(Um\u2026 it\u2019s not?)<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SEN. WARREN: &#8220;You know how much [Elon Musk] paid in taxes, one of the richest people in the world? Zero! And he&#8217;s not the only one. Jeff Bezos, another one of the richest people in the world, he pays less in taxes than a public school teacher or a firefighter.&#8221; <a href=\"https:\/\/t.co\/8glWry5lWz\" class=\"stylish-link\">pic.twitter.com\/8glWry5lWz<\/a><\/p>\n<p>\u2014 Breaking911 (@Breaking911) <a href=\"https:\/\/twitter.com\/Breaking911\/status\/1495481727321624576?ref_src=twsrc%5Etfw\" class=\"stylish-link\">February 20, 2022<\/a><\/p>\n<\/blockquote>\n<p><span>\u201cElon Musk in 2018, we\u2019ve actually seen his tax returns,\u201d she said. \u201cYou know how much he paid in taxes? One of the richest people in the world: zero.\u201d<\/span><\/p>\n<p><span>This is a lie.\u00a0<\/span><\/p>\n<p><span>Yes, it is true that in 2018, Musk paid no income tax\u2014because, after writing off losses and deductions, he had no net taxable income. In fact, he <\/span><a href=\"https:\/\/www.cnn.com\/2021\/11\/09\/business\/elon-musk-wealth-tesla-stock\/index.html\" class=\"stylish-link\"><span>does not take a salary<\/span><\/a><span> from Tesla, other than the required California minimum wage of roughly $37,000\/year. Musk\u2019s billions in compensation come from receiving Tesla stock. So, <\/span><b>of course, he doesn\u2019t pay income taxes\u2014they only apply to, well, income.\u00a0<\/b><\/p>\n<p><span>But this does not validate Warren\u2019s claim that Musk pays \u201czero in taxes.\u201d Income tax is not the only tax! (I wish\u2026)<\/span><\/p>\n<p><span>Not even close. Musk must pay corporate and payroll taxes through Tesla, California state taxes, sales taxes on his massive purchases, property taxes, and too many other taxes to count.\u00a0<\/span><\/p>\n<p><span>And, when Musk cashes out his stock options, he has to pay <\/span><i><span>massive<\/span><\/i><span> taxes. For 2021, Musk reportedly <a href=\"https:\/\/fee.org\/articles\/freeloading-elon-musk-to-pay-largest-federal-tax-bill-in-history-an-estimated-83-billion\/\" class=\"stylish-link\">faced the biggest federal tax bill in history<\/a> after selling stock options, <\/span><b>with estimates of what he owes ranging from $8.3 billion to $15 billion.\u00a0<\/b><\/p>\n<p><span>To say Musk pays \u201czero taxes\u201d because he did not\u2014in one specific year\u2014have to pay anything for one specific tax is more than just a falsity. <\/span><b>For a woman as intelligent and well-versed in federal policy as Elizabeth Warren, it is a lie.<\/b><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1470898920146542592?ref_src=twsrc%5Etfw\" class=\"stylish-link\">December 14, 2021<\/a><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Please don\u2019t call the manager on me, Senator Karen \ud83d\ude4f<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1470858546153762819?ref_src=twsrc%5Etfw\" class=\"stylish-link\">December 14, 2021<\/a><\/p>\n<\/blockquote>\n<p><span>But the senator kept going.<\/span><\/p>\n<p><span>\u00a0<\/span><span>\u201cAnd [Musk] is not the only one,\u201d Warren continued. \u201cJeff Bezos, another one of the richest people in the world, he pays less in taxes than a public school teacher or a firefighter.\u201d<\/span><\/p>\n<p><span>Again she makes the same mistake. This is hilariously inaccurate. In fact, Bezos probably paid more in associated taxes <\/span><a href=\"https:\/\/nypost.com\/article\/jeff-bezos-houses-real-estate-portfolio\/\" class=\"stylish-link\"><span>purchasing one of his homes<\/span><\/a><span> than most teachers or firefighters will over their entire lifetimes.\u00a0<\/span><\/p>\n<p><span>We can have good-faith debates about tax policy and whether we really need to \u201ctax the rich.\u201d (Spoiler alert, we already have a highly progressive federal tax system). But it\u2019s simply unacceptable for elected officials like Senator Warren to openly lie about and falsely demonize American entrepreneurs just to push their political narrative.\u00a0<\/span><\/p>\n<p class=\"p1\"><b>Like this article? Check out the latest BASEDPolitics podcast on <\/b><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/based-politics\/id1535704082\" class=\"stylish-link\"><span class=\"s1\"><b>Apple Podcasts<\/b><\/span><\/a><b>, <\/b><a href=\"https:\/\/open.spotify.com\/show\/5UgGGp9G5WupDgfccWTuKZ\" class=\"stylish-link\"><span class=\"s1\"><b>Spotify<\/b><\/span><\/a><b>, or below:<\/b><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"vc_column tdi_94  wpb_column vc_column_container tdc-column td-pb-span3 td-is-sticky\">\n<div class=\"wpb_wrapper\">\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_97 tdm-content-horiz-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_97\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Sign up for Our Email List<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_101 tdm-content-horiz-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_101\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Our Latest Podcast<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_105 tdm-content-horiz-left td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_105\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Related articles<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"tdi_112\" class=\"tdc-row stretch_row_1400 td-stretch-content\">\n<div class=\"vc_row tdi_113  wpb_row td-pb-row\">\n<div class=\"vc_column tdi_115  wpb_column vc_column_container tdc-column td-pb-span12\">\n<div class=\"wpb_wrapper\">\n<div class=\"tdb-author-box td_block_wrap tdb_single_author_box tdi_118 tdb-content-vert-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_118\">\n<div class=\"tdb-block-inner td-fix-index\"><a href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" class=\"tdb-author-photo\" title=\"Brad Polumbo\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.based-politics.com\/wp-content\/uploads\/2022\/01\/brad-150x150.jpeg\" width=\"96\" height=\"96\" alt=\"Brad Polumbo\" class=\"avatar avatar-96 wp-user-avatar wp-user-avatar-96 alignnone photo\" \/><\/a><\/p>\n<div class=\"tdb-author-info\"><a href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" class=\"tdb-author-name\">Brad Polumbo<\/a><\/p>\n<p>Brad Polumbo is a libertarian-conservative journalist and co-founder of Based Politics. His work has been cited by top lawmakers such as Senator Rand Paul, Senator Ted Cruz, Senator Pat Toomey, Congresswoman Nancy Mace, Congressman Thomas Massie, and former UN Ambassador Nikki Haley, as well as by prominent media personalities such as Jordan Peterson, Sean Hannity, Dave Rubin, Ben Shapiro, and Mark Levin. Brad has also testified before the US Senate, appeared on Fox News and Fox Business, and written for publications such as USA Today, National Review, Newsweek, and the Daily Beast. He hosts the Breaking Boundaries podcast and has a bachelor\u2019s degree in economics from the University of Massachusetts Amherst.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>                    <span class=\"td-page-meta\" itemprop=\"author\" itemscope itemtype=\"https:\/\/schema.org\/Person\"><meta itemprop=\"name\" content=\"Brad Polumbo\" \/><meta itemprop=\"url\" content=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" \/><\/span><meta itemprop=\"datePublished\" content=\"2022-02-20T19:46:35-05:00\" \/><meta itemprop=\"dateModified\" content=\"2022-02-20T19:48:56-05:00\" \/><meta itemscope itemprop=\"mainEntityOfPage\" itemtype=\"https:\/\/schema.org\/WebPage\" itemid=\"https:\/\/www.based-politics.com\/2022\/02\/20\/elon-musk-elizabeth-warren-is-lying-about-him-paying-zero-taxes-again\/\" \/><span class=\"td-page-meta\" itemprop=\"publisher\" itemscope itemtype=\"https:\/\/schema.org\/Organization\"><span class=\"td-page-meta\" itemprop=\"logo\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"https:\/\/www.based-politics.com\/2022\/02\/20\/elon-musk-elizabeth-warren-is-lying-about-him-paying-zero-taxes-again\/\" \/><\/span><meta itemprop=\"name\" content=\"Based Politics\" \/><\/span><meta itemprop=\"headline\" content=\"Elizabeth Warren is Lying About Elon Musk Again\" \/><span class=\"td-page-meta\" itemprop=\"image\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/This-SHT-4.png\" \/><meta itemprop=\"width\" content=\"1280\" \/><meta itemprop=\"height\" content=\"720\" \/><\/span>                <\/article>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk: Elizabeth Warren is Lying About Him Paying &#8216;Zero&#8217; Taxes Again &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1320997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1320997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1320997"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1320997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1320997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1320997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1320997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}