Joe Biden's jive about paying "your fair share" gets fact-checked into oblivion when Elon Musk calls down the thunder
Joe Biden has been showing his jealousy of rich folk again. He is on another of his "they aren't paying their fair share" kicks. Remember, this is the same Joe Biden whose IRS is coming after your side hustles if you make more than $600. But also, billionaires aren't paying their fair share. Or so Biden wants you to believe. Community Notes (with an Elon Musk assist) is here to save the day and has fact-checked another misleading Biden tweet into oblivion.
Let's start with the Biden meme claiming billionaires only pay 3%.
Look, I think you should be able to be a billionaire if you can earn it, but just pay your fair share.
I think you ought to pay a minimum tax of 25%.
It’s about basic fairness. pic.twitter.com/oHgreYCdUz
— President Biden (@POTUS) March 18, 2023
This was news to Elon Musk, who is not only a billionaire but the billionairest of ALL the billionaires. Musk paid 53% (that's a lot more than 3%) on stock options while also paying more in income tax than everyone ever in the history of taxing income.
Look, I think you should be able to be a billionaire if you can earn it, but just pay your fair share.
I think you ought to pay a minimum tax of 25%.
It’s about basic fairness. pic.twitter.com/oHgreYCdUz
— President Biden (@POTUS) March 18, 2023
Elon called down Community Notes for some fact-checking. They took a break from clarifying tweets on gun ownership and butt-plug porn to say Biden is repeating some of them invalid truths again. "This claim has been repeatedly assessed as inaccurate. It relies on a theoretical calculation that treats unrealized capital gains (increase in the value of unsold stocks) as income even though current tax law does not. (Taxes occur once stocks are sold for profit.)"
So what have we learned today?
Game. Blouses pic.twitter.com/R8WglrEokr
— Colt Yohman (@CStyles45) March 18, 2023
Community Notes once again comes in clutch. If the White House wants to lie to the American people, they're going to have to rely on MSNBC instead.
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