Elon musk it is nothing if not eccentric. While most of us are not one of the richest people in the world, we generally receive financial guidance from experts, carefully follow the rules set by regulators, and spend hours agonizing over how best to keep the money we have in places. suitable. to maximize our wealth, whatever it may be. Elon, on the other hand, asks Twitter.
There’s been a lot of talk lately that unrealized gains are a means of tax avoidance, which is why I’m proposing to sell 10% of my Tesla stock.
Do you support this?
– Elon Musk (@elonmusk)
November 6, 2021
Musk followed the Twitter poll asking if he should sell 10% of his Tesla actions, stating that “you will stick to the results of this survey, in whatever way,” adding: “Please note that I do not accept a cash salary or bonus from anywhere. I only own shares, so the The only way for me to pay taxes personally is to sell stocks. “
Elon has 62.7 million followers on Twitter (as of its publication date), and the results currently stand at 57.3% in favor of selling the shares, with a total of more than 3.2 million votes up to the moment. There are three hours left and many followers who have not voted, so the results could change. Either way, 10% of Elon’s shares in Tesla are worth about $ 21 billion.
Aside from being an odd way to decide whether to withdraw more money than the combined wealth of a large percentage of America’s population, the tax implications for America’s coffers are huge. Unsurprisingly, the tweet attracted the attention of many directions, including that of Oregon Democratic Senator Ron Wyden.
Whether or not the richest man in the world pays taxes shouldn’t depend on the results of a Twitter poll. It’s time for billionaires income tax. https://t.co/KFHw3VZ45H
– Ron Wyden (@RonWyden)
November 6, 2021