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Reason
Reason
Politics
Elizabeth Nolan Brown

No, Elon Musk Didn't Pay a 3.27 Percent Tax Rate

"Musk paid an effective tax rate of 3.27%" claims Rep. Pramila Jayapal (D–Wash.). Politicians love to lament misinformation and disinformation on social media…but they seem to make an exception for themselves. The latest case in point comes from Democrats' rhetoric around taxes paid by Elon Musk.

The Tesla and SpaceX CEO recently became progressive enemy of the week after striking a deal to buy Twitter and promising to institute—gasp—policies more friendly to free speech. Musk's move has spawned a whole host of weird freakouts and demands, including insistence that Musk owning Twitter means we must reform Section 230 (the federal law that helps shield digital platforms from some legal liabilities for user content) and that it will help Donald Trump win the presidency in 2024. Along with this hysteria has come all sorts of Musk criticism and attacks that are occasionally justified but largely divorced from reality.

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