Bozo Habits: Kyle Kuzma Will get Kriticized For Protecting Elon Musk & Mocking The ones Who Say ‘The Wealthy Don’t Pay Taxes’

Kyle Kuzma may have cash, however he doesn’t have Elon Musk cash. Nonetheless, for some explanation why, he feels the want to shield the billionaire and simply how a lot he will pay in taxes annually.

Supply: Michael Reaves / Getty

The Washington Wizards baller retweeted a tale from CNN on Wednesday, December 29 that stated Elon Musk will owe $11 billion in taxes–the most important quantity ever for a person. As he retweeted it, Kuzma mocked the argument that “the wealthy don’t pay taxes.”

“ThE rIcH DoNt PaY tAxEs,” he wrote, implying that Musk paying billions of greenbacks in taxes–without reference to the real percentages–proves that concept fallacious.

Clearly, it shouldn’t come as a wonder that the richest individual in recorded historical past would face a tax invoice that mirrors that, however that doesn’t inform the entire tale. What Kyle Kuzma (and others making the similar argument as him) fail to grasp is that the criticism has at all times been that the wealthy don’t pay their fair proportion, now not that they don’t pay taxes in any respect.

Previous this month, Elon tweeted that he’s going to be paying $11 billion in taxes.

Author Anya Overmann helped put that sum into viewpoint, additionally bringing up a ProPublica investigation which discovered that Musk didn’t pay federal source of revenue tax for years.

“That’s 4.5% of your web price,” she tweeted at Musk. “You paid 3.27% between 2014 and 2018, & no fed taxes in any respect in 2018. You made $36 billion in ONE DAY in 2021. Maximum US ppl pay 10 to 37% in fed taxes & as much as 13.3% in state taxes. Prevent vying for sympathy from individuals who pay and pay your fair proportion.”

Positive, $11 billion appears like so much–however 4.5% is a fragment of what the remainder of us common people pays in taxes each and every unmarried yr.

After all, other people had been fast to criticize Kuzma, regardless that it’s now not sudden {that a} billionaire is fine with  every other wealthy man paying lower than his fair proportion.


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