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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Politics

‘Freeloader’ vs ‘Senator Karen’: Elon Musk and Elizabeth Warren go at it again on Twitter

By
Tom Maloney
Tom Maloney
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Cecile Vannucci
Cecile Vannucci
, and
Bloomberg
Bloomberg
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By
Tom Maloney
Tom Maloney
,
Cecile Vannucci
Cecile Vannucci
, and
Bloomberg
Bloomberg
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December 15, 2021, 4:16 AM ET
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Elon Musk is sparring with Senator Elizabeth Warren on Twitter over taxes again. 

After the Massachusetts senator blasted the tax code for being “rigged” and asking to change it “so The Person of the Year will actually pay taxes and stop freeloading off everyone else,” Musk tweeted that he’s contributing more than any other U.S. citizen this year. 

And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year

— Elon Musk (@elonmusk) December 14, 2021

Musk’s tax bill for 2021 could exceed $10 billion if he exercises all his options due to expire next year, according to Bloomberg calculations. While it’s hard to say whether that would be a record, it’s certainly one of the biggest payments.

Since a Twitter poll last month where he asked whether he should sell 10% of his Tesla stake, Musk has exercised almost 15 million options and sold millions of shares to cover the taxes related to the transactions. 

Please don’t call the manager on me, Senator Karen 🙏

— Elon Musk (@elonmusk) December 14, 2021

Musk has previously used Twitter to berate senators Bernie Sanders and Ron Wyden over their support for a tax on billionaires. 

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