Why the Rich are so Miserable
America’s rich are very sad and miserable. For example, the World’s Richest Man, Elon Musk, is upset because he could pay an additional $11 billion in taxes in 2021.
Musk is mad because he already paid $7 billion in state and federal taxes in 2021 could pay $5 billion more for the year, Vox reports. Hence, Musk could pay $23 billion in taxes for 2021.
That sounds big until you do some math. Forbes estimates Musk had a Fortune of $249.1 billion on 17 February 2022. Hence, we calculate Musk’s l tax rate is under 10%.