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Elon Musk pumps nearly half a billion dollars into Republican campaigns ahead of midterms: report
Thats 445 million we could have taxed at incredibly high rates if we closed the stupid borrowing against shares until you die because your so wealthy loophole.
That could have required billions with a high enough tax rate.
Would he have still done it then?
Edit: shit, Im wrong if that counts as a donation and is tax deductible:(
Esit: actually im not fully wrong if its tax deductible. If for example he had to sell 2 billion to get 445 million, he'd only get to write off that 445 million. That'd still be 1.1 billion in taxes.