Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has disclosed how a lot he would pay in taxes this yr.
What Occurred: The entrepreneur stated on Twitter Sunday that his tax invoice for this yr is a whopping $11 billion.
Musk has offered shares of Tesla since early November to foot his tax invoice.
Till mid-December, Musk had sold 12.7 million Tesla shares. The CEO will not be paid a wage however is as a substitute compensated by the best way of inventory choices. He has additionally exercised almost 15 million choices.
Musk, who was named “Particular person of the 12 months” by Time Journal for 2021, has seen his recognition rise as that of traditional institutions declines, in accordance with Time editor-in-chief Edward Felsenthal.
“I feel the role of the government ought to be that of a referee however not a participant on the sector. Authorities mustn’t impede progress,” stated Musk earlier within the month.
The web price of Musk has burgeoned to $243 billion in 2021, a year-to-date improve of $87.4 billion, in accordance with the Bloomberg Billionaire’s Index. He’s positioned on the highest of that checklist — above the likes of Amazon.com Inc founder Jeff Bezos and Microsoft Company (NASDAQ: MSFT) co-founder Invoice Gates.
See Additionally: How To Buy Tesla (TSLA) Shares
Why It Issues: Not too long ago, Musk lobbed an insult at Warren after she referred to as him a “freeloader.” The senator referred to as for a change to the “rigged tax code” in order that the “Particular person of the 12 months will truly pay taxes.”
Musk’s disclosure received the eye of Twitter fairly shortly. Dogecoin (CRYPTO: DOGE) co-creator Billy Markus commented on the social media platform that Musk has paid “actually greater than anybody has ever paid in historical past.”
trash authorities: “pay your share”
elon: “okay right here is actually greater than anybody has ever paid in historical past”
trash authorities: “wow what a freeloader, now please everybody within the USA give us more cash and we are going to print 2.5 trillion extra from skinny air”
— Shibetoshi Nakamoto (@BillyM2k) December 20, 2021
Markus’ remark in flip received a response from Musk, who responded with a ROFL emoji.
Worth Motion: On Friday, Tesla shares closed almost 0.6% larger at $932.57 within the common session and fell 0.11% within the after-hours session.
Picture: Courtesy of Elon Musk through Flickr
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