Elon Musk is the richest man in the world. With 239 billion dollars that you can use in a simulator, the boss of Tesla optimizes his taxation so as not to pay taxes. But after a Twitter poll, the leader promised to follow the choice of his subscribers and avoid paying his taxes. Result, Elon Musk will settle a rather salty tax bill? The largest in US history! Recall that until now, the cryptocurrency enthusiast had not paid taxes on his fortune of several billion dollars. The US tax administration therefore stands ready to receive its share of the pie.
The biggest tax in US history will be paid by Elon Musk
Elon Musk has exercised options on millions of shares of his Tesla company. The businessman could obtain them at a lower price to resell them at the market price. And by selling nearly $7 billion of stock in 2021, the US tax administration caught up with it by considering it income! According to CNN Business reports, the Tesla boss will pay around $11 billion. However, his company will not pay any tax for the year 2021 despite a valuation of 930 billion dollars on the stock market. Last year, the company posted net income of $5.5 billion on adjusted earnings of $7.6 billion.
Beginning of November 2021, Elon Musk asked to his Twitter followers if he were to sell 10% of his Tesla shares. Millions of people had voted and the “yes” won at 57.9%. The businessman said: I was ready to accept any outcome “. With this controversial poll, the leader of Tesla wanted to comment on the debate about Joe Biden’s reforms. Democrats want to tax the super-rich like Elon Musk for a better distribution of wealth. Many politicians pointed the finger at the question of Elon Musk and invited him to only pay his taxes.