1) Elon Musk’s huge tax bill sets a record
Elon Musk, the CEO of Tesla and the occasional world’s richest man, took to Twitter late Sunday to inform followers that he will be spending more in taxes this year than some countries make an entire year.
“For those wondering, I will pay over $11 billion in taxes this year,” Musk tweeted.
Tesla did not immediately respond to an after-hours email from Fox Business. Bloomberg News reported that he could face a bill of more than $10 billion if he exercises his options due to expire next year. The report said it could be the largest individual payment to the Internal Revenue Service.
2) New report: top Trump enemy Mark Zuckerberg bought the election for Biden
A vote-generating group funded in part by Facebook’s Mark Zuckerberg dumped money in eight swing states in 2020, virtually all to counties that picked President Joe Biden over former President Donald Trump in last year’s election, according to a congressional critic.
New York Rep. Claudia Tenney, co-chairwoman of the House Election Integrity Caucus, today released new details of her inquiry into spending by the Zuckerberg-backed Center for Tech and Civic Life showing spending of $144 million — $130 million to Democratic counties and $14 million to GOP counties.
3) Donald Trump launched a lawsuit against the New York Attorney General
Former President Donald Trump on Monday sued New York Attorney General Letitia James, alleging her long-running investigation into his business practices was conducted with “political animus” and should be stopped.
The lawsuit filed by Trump and his family real estate business in federal court argues that James’ inquiry has violated the former president’s constitutional rights. James has been probing Trump’s business practices for more than two years.
“Her mission is guided solely by political animus and a desire to harass, intimidate, and retaliate against a private citizen who she views as a political opponent,” the lawsuit alleged.
James has been conducting a civil probe of the Trump Organization, centered on the company’s alleged misstatements of the value of real estate assets in order to obtain better loan and insurance rates, while simultaneously lowering company tax commitments.