Elizabeth Warren welcomes Mike Bloomberg to the race — by telling him how much she’ll tax him

Former New York City Mayor Michael Bloomberg filed paperwork on Thursday to run for president in Alabama.

Many internet users ridiculed Bloomberg's bid, including Sen. Elizabeth Warren.

Warren's website says Bloomberg's wealth puts him in the "top 0.0002% of Americans."

Under Warren's wealth tax, Bloomberg would pay $3.079 billion in taxes, leaving him with $48 billion.

The site says he would "still be extraordinarily rich."