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Brendan Duke Profile picture
Brendan Duke
@Brendan_Duke
Econ nerd at @amprog | Former Biden-Harris NEC tax/budget/supply chains wonk |@SenatorBennet/@JECDems/@CenterOnBudget alum | Tweets are 100% mine
Mar 7 • 7 tweets • 3 min read
It's worth diving into how President Biden's tax proposals released today could require Elon Musk and Tesla to pay more in taxes.

I'll leave it to readers to decide whether Musk is saying these pro-GOP TPs because of sincere immigration beliefs or to keep his taxes low. 🧵 #1: Billionaire minimum tax: Perhaps the most straightforward--most of Elon Musk's $200B net worth comes from ownership of stock in startups like Tesla and SpaceX. Most of his income comes from stock appreciation, but he doesn't pay taxes on the stock unless he sells it.