Elon Musk hit back at Sen. Elizabeth Warren (D-Mass.) after suggesting he is āfreeloading off everyone else.ā
Warren took to Twitter to react to Time naming Musk Person of the Year.
āLetās change the rigged tax code so The Person of the Year will actually pay Taxes and stop freeloading off everyone else,ā Warren tweeted.
Musk responded, āStop projecting!ā
He added, āYou remind me of when I was a kid and my friendās angry Mom would just randomly yell at everyone for no reason.ā
Musk went on, āPlease donāt call the manager on me, Senator Karen.ā
He also suggested if Warren opened her eyes āfor two seconds,ā she would ārealize I will pay more Taxes than any American in history this year.ā
Musk continued, āDonāt spend it all at once ⦠oh wait you did already.ā
According to CNN, āMusk is just months out from a deadline to exercise the stock options he received years ago. If he doesnāt use them, he loses them. And if he does exercise his shares, heās going to face a monster tax bill between nearly $11 billion to as much as $16 billion at current share prices.ā
His federal tax bill to date for 2021 amounts to $7.6 billion.
A report published by ProPublica in June found that billionaires like Jeff Bezos, Elon Musk, and Warren Buffett have managed to avoid paying federal income Taxes at one time or another, as IJR previously reported.
Musk avoided paying income tax in 2018.
According to the report, āThe IRS records show that the wealthiest can ā perfectly legally ā pay income Taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.ā
As Time National Political Correspondent Molly Ball notes, it is āreally hard to escape Elon Muskās dominance over so many things in American life right now.ā
The publication explained, āFor 2021 was the year of Elon Unbound.ā
It added, āIn April, SpaceX won NASAās exclusive contract to put U.S. astronauts on the moon for the first Time since 1972. In May, Musk hosted Saturday Night Live. In October, car-rental giant Hertz announced it planned to add 100,000 Teslas to its fleet.ā
