Ad

Elon Musk gets support by DOGE co-founder after being accused of tax evasion

By:
on Dec 15, 2021
Listen
  • Elon Musk, the CEO of Tesla and SpaceX, was recently named The Person of the Year by Time Magazine.
  • Disagreeing with that decision, Senator Elizabeth Warren publicly accused him of not paying taxes.
  • Musk retaliated, and along the way, he also got supported by one of Dogecoin’s co-founders.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Tax evasion is a serious charge, which is why many were surprised that one of the US Senators would throw accusations of tax evasion so easily against the world’s most popular billionaire, Elon Musk. The anti-crypto Senator Elizabeth Warren publicly tweeted that Elon Musk, the CEO of Tesla, SpaceX, and other companies, should start paying taxes instead of “freeloading off everyone else.”

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

Musk’s response

Copy link to section

Recently, Elon Musk got named the Person of 2021 by Time Magazine, which additionally boosted the popular billionaire’s reputation. However, Senator Warren was not impressed by the article she read, as she shared it and accused Musk of not paying taxes.

Musk was quick to react, and his response was that the senator should “open her eyes for 2 seconds” and notice that he will pay more taxes in 2021 than any American did in history. Bloomberg’s recent assessment says that Musk will have to pay approximately $10 billion in taxes, possibly more.

So far, the popular billionaire sold 10% of his stake in Tesla just to be able to cover the taxes related to the transactions. In his response to the Senator, he also said that the government should be careful not to spend it all at once.

DOGE co-founder was not happy with the Senator

Copy link to section

However, Musk was not the only one who responded to the Senator’s negative tweet, as Billy Markus, the co-founder of Dogecoin (DOGE/USD) — Musk’s favorite cryptocurrency — also bashed the senator. He simply said, “I kinda really don’t like Elizabeth Warren.”

https://twitter.com/BillyM2k/status/1470958286165852160

Musk also continued to slam the Senator by posting an article that calls her a fraud, referring to her claims about being Native American. Musk also compared the Senator with his childhood friend’s “angry Mom” who would “just randomly yell at everyone for no reason.”

Apart from attacking Musk for his involvement with cryptocurrencies, Senator Warren previously also called stablecoins a risk for US consumers, as well as the country’s economy. She also referred to DeFi as one of the shadiest parts of the crypto world.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
Dogecoin Crypto