Elon Musk could pay more than $ 11 billion in taxes

Tesla boss Elon Musk could pay around $ 10 billion in tax in 2021, Business Insider reported by Capital. A “trifle” for the one whose fortune is currently estimated at 255 billion dollars.

Last November, the billionaire asked his followers on Twitter if it was in his interests to sell 10% of his shares in order to pay his bill to the US Treasury. To which the subscribers had replied in the affirmative. Since then, Elon Musk has sold his shares well, for $ 13 billion. The Bloomberg financial group has thus calculated that the billionaire could be indebted in 2021 to 10 billion dollars. “For those wondering, I’ll pay more than $ 11 billion in taxes this year,” the richest man in the world tweeted on Monday.

A record according to Elon Musk

The condition being that he exercises the 7.9 million remaining options which will expire in August 2022. Capital recalls that he has already exercised nearly 15 million. He is sure: this amount of tax is a record. This is what he said during a discussion on Twitter with Senator Elizabeth Warren concerning in particular the inequalities of wealth. “I’m going to pay more taxes than any American in history this year,” he said.

A ProPublica report published last June concluded that the billionaire paid relatively little in taxes given his enormous fortune. Elon Musk replied that he did not receive any salaries from his various companies and paid an effective tax rate of 50% on stock options exercised.

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