In a Twitter poll, more than three million people they asked to Elon Musk, US entrepreneur founder of Tesla and one of the richest people in the world, to sell 10 percent of his shares in Tesla, a company with a very high value on the market. Musk had published the poll on Sunday, saying he would respect the result, “whatever” it is.
Musk had presented the survey explaining that lately there is much talk of fairer measures to tax stocks and financial capital, and that selling 10 percent of Tesla’s shares – paying a relative commission on the sale – could be a way to “balance” the missed taxes that Musk hasn’t had to pay for years.
3.5 million people took part in the poll: the option to ask Musk to sell his shares won with 57.9 percent of the vote.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Lorde Edge (@elonmusk) November 6, 2021
Musk has benefited from so-called for years unrealized gains, which in Italian are defined as “capital gains”: they are the earnings linked to the increase in the value of the shares, earnings that exist on paper but which in the United States are difficult to tax until the shares are sold generating liquidity. The issue of earnings related to capital gains is much discussed in recent weeks in the United States, due to a proposal by the Democratic Party to create a new tax on unrealized gains for particularly wealthy people. The tax would be used to provide financial coverage for some of the most ambitious social reforms proposed by Joe Biden’s administration.
Tesla shares are currently worth around $ 1,222, which is around $ 1,050. The Wall Street Journal he calculated that given that Musk owns about 17 percent of the company’s stock, selling ten percent would generate about $ 21 billion in revenue. It is still unclear when Musk intends to honor his commitment.
Musk is known to use Twitter in an often unpredictable way: about a year ago, for example, he tweeted that he thought the value of Tesla’s shares was too high, causing them to lose. about 13 billion dollars. In 2018 he had had to resign from the office of president of Tesla for having announced, also on Twitter, that he would withdraw Tesla from the stock exchange, only to retract shortly after. “Some people use their hair to express themselves. I use Twitter, ”Musk explained recently.
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