Categories: BusinessUncategorized

Will pay taxes more than $ 11 billion this year: Musk

Elon Musk, the richest person in the world and CEO Tesla, said on Twitter that he would pay more than $ 11 billion in taxes this year, the number that could form a record payment for the US internal income.
Billionaires can face a tax bill of more than $ 10 billion for 2021 if he runs all his choices because of the expiration next year, the calculation last week by Bloomberg News shows.
The incredible Levy came after Musk carried out nearly 15 million choices and sold millions of shares to cover taxes related to the transaction.
It followed the Twitter poll last month when he asked followers whether he had to sell 10% of his shares in an electric car, whose shares have skyrocketed more than 2,300% over the past five years.
Since unusual steps to ask for Twitter users about the plan, Tesla has decreased by almost a quarter and the company’s market value has slid back under a sign of $ 1 trillion to $ 937 billion.
A report by Propublica in June said Musk paid a little income tax relative to his outsize wealth.
But he pushed back the characterization, said he did not draw a salary from SpaceX or Tesla, and pay a 53% effective tax rate in the stock option he did.
He added that he expects the tax rate to increase next year.
Musk earlier this month said he would pay more tax than Americans in history this year.
It was in response to other tweets from Senator Massachusetts, who used the award ‘of the Year of the Year’s Magazine to call him at his tax

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago