Monday, September 26, 2022
HomeDigit NewsElon Musk invited subscribers to decide the fate of their money

Elon Musk invited subscribers to decide the fate of their money



Musk now has 62.6 million Twitter followers. The entrepreneur launched the survey for a reason. Earlier, Musk said he could face a large tax bill. The fact is that the entrepreneur does not receive any salary or bonuses. He only owns shares, and tax authorities can only tax Musk through the sale of shares. Elon also said that recently, unrealized profits are often considered a means of tax evasion. This is a criticism of the proposed US “tax on billionaires”, which would oblige to pay tax on “unrealized capital gains.”

That’s why Musk asked if he needed to sell 10% of his Tesla shares. He stated that he would do as the people decided.

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