$11 billion will be taxed
Elon Musk, CEO of electric car company Tesla, has claimed from his Twitter account that he will pay $ 11 billion in income tax this year. At the same time, according to the report of American news channel CNN, Elon Musk’s claim is correct because, according to the report he has filed with the Securities and Exchange Commission about his recent stock trades, he will have to pay $ 11 billion in taxes. Elon Musk has revealed in a tweet on Sunday that he has received a total tax bill of $ 11 billion. He wrote on Twitter that, “For those thinking… I’m going to pay $11 billion in taxes this year”.
Arguing with Senator
Actually, Elon Musk has announced the tax payment and tax payment amount after a debate on Senator Elizabeth Warren’s Twitter. Earlier this week, Senator Elizabeth Warren said in a tweet that Elon Musk should pay taxes and stop all freeloading since Time magazine named him ‘Person of the Year’. After this tweet from Neter Elizabeth Warren, he was given a befitting reply from Elon Musk and he wrote in a tweet that, ‘For those thinking, I am going to pay $ 11 billion in tax this year.’
Highest tax in US history
Elon Musk is the highest tax payer in American history and is currently the world’s richest industrialist and a few days ago he sold $14 billion shares of Tesla company after a Twitter poll. Elon Musk asked on a Twitter poll whether he should sell $14 billion worth of Tesla shares, after which millions of people voted on Twitter and most people voted to sell the shares. After which Elon Musk sold shares of Tesla Company worth $ 14 billion, due to which the shares of Tesla Company had fallen badly in the market, due to which he had suffered a lot, but within a week, Elon Musk made that loss. was compensated.
Big allegations were leveled against Elon Musk
Indeed, in June this year, a ProPublica report revealed that Elon Musk, like many other top US billionaires, has paid significantly less tax in recent years. In this report, Elon Musk was accused that, Elon Samks paid only $ 70 thousand income tax in the year 2015 and 2017 and in the year 2018 he did not pay a single rupee of income tax. After which many American citizens also criticized Elon Musk. After which Elon Musk talked about paying taxes by selling Tesla shares. Let us tell you that the market cap of the Tesla company has reached close to 3 trillion dollars.
Mux vs US Senator
Musk, the world’s richest man, takes neither a cash salary nor a bonus. Instead, they are paid in shares and are given the option to buy shares of Tesla at a price equal to the market price. The war of words between Musk and Warren began after news broke that Musk had been named Time magazine’s Person of the Year. Warren tweeted last Monday that, ‘Let’s change the rigged tax code so that Person of the Year actually pays taxes and stops freeloading everyone else.’ After which Elon Musk retaliated and wrote, ‘Stop guessing’. After this, in another tweet, Elon Musk wrote that, “You have reminded me of the days when my friend’s angry voice used to shout at all of us for no reason. Musk further wrote that, ‘Please do not call the manager for me, Senator Karen.’
Tesla is worth more than a trillion
Let us tell you that, Elon Musk’s company Tesla has joined the world’s companies, whose value has exceeded one trillion dollars. At the same time, Elon Musk now has more than $100 billion in wealth than Jeff Bezos, the second richest person in the world. And last month Elon Musk said that, if United Nations Food Program director David Beasley proves that donating $6.6 billion will end the world’s food crisis, he will sell shares of his largest company Tesla. He will donate. But, along with this, he had put a condition, that WFP will have to tell, how they spend the money and full information will have to be made public.
Elon Musk vs United Nations
Last month, Elon Musk and the Food Program director of the United Nations also sparked an argument on Twitter, when the UN official said in a tweet that, if Elon Musk donates 2 percent of his wealth, the world will end poverty. Will go During a CNN program in Abu Dhabi, the director of the United Nations’ World Food Program said about global hunger and helping the very rich And the world’s richest businessman like Elon Musk should donate. After which Elon Musk challenged him, saying that if he proves it, then he will donate 2 percent of his wealth.