return2ozmatoNews@lemmy.world·9 months agoAt least five states are considering requiring full minimum wages for tip earners this year(www.nbcnews.com)external-linkarrow-up11.09Karrow-down111message-square291fedilink
arrow-up11.08Karrow-down1external-linkAt least five states are considering requiring full minimum wages for tip earners this year(www.nbcnews.com)return2ozmatoNews@lemmy.world·9 months agomessage-square291fedilink
minus-squareRodeoarrow-up4arrow-down0·9 months agolinkfedilinkHow much is that expressed as percentage of his total wealth? A quick search revealed $185b, which is probably his net worth and not his total wealth, but we’ll go with it: 8.3 / 185 * 100 = ~4.49% For reference, I paid over 20% of my total wealth last year. So I actually paid more than 4x as much tax as Musk did, relative to the amount of wealth we have.
minus-squaremeliaescarrow-up1arrow-down0·9 months agoedit-29 months agolinkfedilinkIf he paid 37 billion dollars in taxes, you would be satisfied? I find “wealth tax” to be completely separate from income tax discussions.
minus-squareRodeoarrow-up1arrow-down0·9 months agolinkfedilinkI’ll be satisfied when the quality of life for average citizens starts going up again.
How much is that expressed as percentage of his total wealth?
A quick search revealed $185b, which is probably his net worth and not his total wealth, but we’ll go with it:
8.3 / 185 * 100 = ~4.49%
For reference, I paid over 20% of my total wealth last year.
So I actually paid more than 4x as much tax as Musk did, relative to the amount of wealth we have.
If he paid 37 billion dollars in taxes, you would be satisfied? I find “wealth tax” to be completely separate from income tax discussions.
I’ll be satisfied when the quality of life for average citizens starts going up again.