Retail Crowd

Complete British News World

For the first time in years, Elon Musk was taxing his salary

Elon Musk CEO salary after tax! Unbelievable, but it has serious news value these days. For the average person, paying personal income tax is commonplace, but it turns out that paying contributions is an experience in the life of a Tesla CEO, not the richest man in the world.

Elon Musk launched a sale of his personal Tesla stock after he recently asked his Twitter followers whether they would sell ten percent of his stake in the company for tax purposes.

According to announcements from the Securities and Exchange Commission, the billionaire CEO has sold at least $5 billion of Tesla stock so far this week – This was reported by The Verge.

The sale here likely isn’t over yet, as the few million shares it’s selling now are far from ten percent of the more than 240 million shares Musk owns of the company.

Musk is starting to dispose of some of his shares as there are more and more investigations into his assets. The richest man in the world has been criticized recently because of him

You don’t pay income tax because you don’t actually get (on paper) a payment from Tesla.

You get gift shares in exchange for your work, for which you don’t have to pay contributions in order to claim them and sell them – something you haven’t done in recent years.

Instead, the Tesla CEO took out a lot of loans, using his shares as collateral.

READ  Throw your hemp into the slaughterhouse in Vilgo