Musk regretted it and this time announced to the world that he was going to pay a huge tax of 11 billion dollars this year, which represents roughly 246 billion crowns. According to CNBC This is the highest tax item ever, and Musk has apparently set a new US record.
For those wondering, I will pay over $11 billion in taxes this year
— Elon Musk (@elonmusk) December 20, 2021
The new tweet is probably a response to various doubts surrounding the taxation of billionaires. CNBC He explains Musk’s practices quite simply. Because he does not receive any salary or financial bonuses in the company, he does not have to tax them. Instead of finances, he is rewarded with shares, and when he needs money, he provides part of his shares as collateral, reducing the total amount of taxes he has to pay.
This year, however, Musk sold a huge number of Tesla shares and thus will pay 53% tax on profits. Even without sales, however, Musk would have to pay large taxes on options expiring in August 2022, thus avoiding the higher rate that may come next year.
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Daily ProPublica Already in the summer, he drew attention to the great inequalities between Musk’s property and the amount of taxes paid in 2018. Senator Elizabeth Warren also urged him on Twitter to pay taxes in full, to which Musk responded by claiming that he paid the highest taxes of all Americans.
Not surprisingly, with total assets of $ 243 billion (5.5 trillion crowns), he has a decent lead over billionaires over Jeff Bezos with his $ 195 billion, so taxes should match.
Author of the article
Adam Bělunek
I like Apple, quality audio-video technology and generally smart solutions that work. I try to spend my free days cycling in bike parks and trail centers, or in the mountains with a backpack on my back. I enjoy good music, sometimes an interesting book and I like to travel.
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