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  • Elon Musk says he will pay over $11 billion in taxes this year

    From cnbc.com

    Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history. “For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday. tweet That’s close to a CNBC estimate that Musk was set to pay a total of $12 billion in taxes in 2021. Musk has sold off $14 billion worth of Tesla stock since early November, after asking his followers in a Twitter poll if he should sell 10% of his holdings. The response to that poll was a resounding “yes.” But it’s likely Musk would have begun selling anyway. That’s because he faces a massive tax bill on Tesla ... (full story)

  •  Guest
  • | IP XXXX:5b7:ec4c
lucky guy
That's a meaningless statement, because we don't know his actual gross income!
Quoting rover99x
That's a meaningless statement, because we don't know his actual gross income!
I doubt his income is over $11bn. His wealth maybe. 2 different things.
  •  Guest
  • | IP XXX.XXX.160.186
He will need to pay income tax on the shares that were vested to him and capital gains tax on any shares he sold, and he sold a lot in the last month or two.
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  • | IP X.XXX.50.252
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  • Story Stats
  • Posted: Dec 20, 2021 11:45am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 4  /  Views: 961
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