Jack Crivici-Kramer
👤 SpeakerAppearances Over Time
Podcast Appearances
But it wasn't.
Here was the headline.
Billionaires' low taxes are becoming a problem for the economy.
Okay, that was the number one most shared article on the Wall Street Journal yesterday morning.
True story.
And it was news reporting, not an opinion article.
No, true.
Now, it is true that the top 1% of Americans pay 40% of all federal income taxes.
Okay, but Jack, the top 1% of that 1%?
Those in the Forbes billionaire rankings?
They pay zero in income taxes.
And the reason why?
It's our tax code.
When it was written, they didn't fathom what Elon and Zuckerberg would do.
And Jack, what do Elon and Zuckerberg do in particular?
They pay themselves a salary of just $1.
Yeah, besties.
To quote the notorious B.I.G., mo' money, mo' problems, less taxes.
Which brings us to Zuck's tiny taxes.
They're largely thanks to Zuck's tiny salary.