Elon Musk will Pay $11 Billion in Taxes This Year

[Anta Assamey]

Tesla CEO Elon Musk in a tweet on Monday said he will pay over $11 billion in taxes this year.

Earlier this week, Democratic US Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop "freeloading off everyone else" after Time magazine named him its "person of the year".

In response, Musk tweeted, "If you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year."

Musk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.

[Anta Assamey]

 

[Sucker]

He should pay more. Covid la andari kanna yekkuva dhochukunnadu. Rich ki tax veyyali lenollaki panchali. tax him more. 

[kichikamukavu]

20 minutes ago, Sucker said:

He should pay more. Covid la andari kanna yekkuva dhochukunnadu. Rich ki tax veyyali lenollaki panchali. tax him more. 

ne kanna boledu mandhi pedha vallu unaru can you pay 80% tax ?

[Ryzen_renoir]

30 minutes ago, Sucker said:

He should pay more. Covid la andari kanna yekkuva dhochukunnadu. Rich ki tax veyyali lenollaki panchali. tax him more. 

You do understand that his wealth is all tied to Tesla and spacex stock and he personally gets very little of that in hand 

If his stock falls by 60%  he will be bankrupt if you tax him at net worth 

He might be selling a lot shares and thus paying this capital gains tax 

What I would like to see is inheritance tax above 10 mil dollars  and close all loopholes with trust funds 

 

 

 

[kichikamukavu]

10 minutes ago, Ryzen_renoir said:

You do understand that his wealth is all tied to Tesla and spacex stock and he personally gets very little of that in hand 

If his stock falls by 60%  he will be bankrupt if you tax him at net worth 

He might be selling a lot shares and thus paying this capital gains tax 

What I would like to see is inheritance tax above 10 mil dollars  and close all loopholes with trust funds 

 

 

 

 not only that , musk can change his citizenship to tax friendly country and pay nothing to USA . 

 

[Ryzen_renoir]

8 minutes ago, kichikamukavu said:

 not only that , musk can change his citizenship to tax friendly country and pay nothing to USA . 

 

No he can't , he will be asked to pay his share of tax first 

Uncle Sam will get you no matter how far you run 

[Sucker]

36 minutes ago, kichikamukavu said:

ne kanna boledu mandhi pedha vallu unaru can you pay 80% tax ?

Hehe. Sarcasm kaka dems meedha 

[kichikamukavu]

2 minutes ago, Ryzen_renoir said:

No he can't , he will be asked to pay his share of tax first 

Uncle Sam will get you no matter how far you run 

boledu loopholes unnayi bro .

[kichikamukavu]

2 minutes ago, Sucker said:

Hehe. Sarcasm kaka dems meedha 

👍 . i don't like socialists  . they will eventually run out of other people money .