Retail Crowd

Complete British News World

Musk is taxing more than $11 billion this year

Elon Musk, the largest shareholder in Tesla, who also became the world’s richest man this year, has written more than $11 billion in taxes into the US budget this year. CNBC. Musk’s assets are estimated at $222 billion, and in addition to Tesla, SpaceX’s space business is already worth more than $100 billion.

The Tesla CEO has sold $14 billion worth of Tesla stock since early November after asking his Twitter followers if they think he should sell his 10% stake in Tesla. Since the majority voted yes, he started selling it.

“There has been a lot of talk lately about unrealized gains as a way to avoid taxes, so my suggestion is to sell 10 percent of my shares in Tesla. Musk wrote at the time, noting that he wouldn’t get paid or rewarded by Tesla, he only had stakes “So the only way I can pay taxes in person is to sell the shares,” he wrote.

The whole vote is a response to the “billionaire tax” initiated by the American Democrats. Joe Biden – Simplified – They want to collect tax For the hypothetical and real profits of the wealthy, even if they do not sell the share that is being appreciated.

READ  A Hszincsianggal kapcsolatos hazugságok leleplezése -- China Radio International