Tax and wealth: Twitter users voted – Mask to sell stake in Tesla and pay taxes, billionaire move – BBC News in Serbian

Reuters

Twitter users voted on that social network and told businessman Elon Musk to sell a 10 percent stake owned by Tesla in order to pay taxes.

The poll, which was posted on Twitter by Musk himself, involved more than 3.5 million Twitter users, and 58 percent of them voted in favor.

If he hears the voice of Twitter, Musk could sell shares worth almost 21 billion dollars (about 18 billion euros).

Musk promised to act in accordance with the results of the poll.

One of the richest people in the world has not yet commented on the results after the survey, as well as whether he will really sell his share in the ownership.

If he did, he would have to pay a large sum of money in taxes.

In such large financial transactions, some CEOs use “blind” sales programs.

These programs involve expanding sales over a longer period of time to avoid accusations of insider trading.

In a message published on Saturday, Musk said that he did not receive any salary or bonuses from the companies he owns.

This means that he did not have an income on which he should pay taxes.

But Musk has made billions of dollars through compensation packages, which give him the power to use numerous options on stocks that reach a certain price and the company meets its goals.


Mask has an option that expires in August next year, to buy 22.86 million Tesla shares at a price of $ 6.24.

That is, which is only a part of the final price of shares on Friday of 1,222 dollars.

According to plans proposed by the Democratic Party in the Senate, billionaires could be taxed on unrealized gains when the price of their shares rises – even if they do not sell anything.

It is estimated that the proposed capital gains tax, regardless of whether the property was sold or not, could affect about 700 billionaires in the United States. Critics have pointed out that property value does not always grow.

A recent Mask poll on Twitter stirred the spirits in the world of finance.

“We are witnessing the Twitter masses deciding on the outcome of the $ 25 billion coin toss,” wrote Chamat Palihapitiya, a Canadian expert.

“We are looking forward to the day when the richest man in the world will pay some taxes, regardless of the survey on Twitter,” tweeted Gabriel Zuckman, an economist from the University of Berkeley.

Musk is one of the world’s most popular businessmen on Twitter, with almost 63 million followers.

He regularly uses the platform to share news about the companies he owns – among them SpaceX and Neuralink.

He is also known for sharing mimes, which contributes to his popularity.

But some posts have caused controversy.

Earlier this year, he responded on Twitter to the claim of the head of the UN World Food Program that only two percent of Mask’s wealth could help solve world hunger.

In October, Musk said that he would sell shares of Tesla worth six billion dollars and donate them to the World Food Program.

But he set the condition that he could describe “exactly how six billion dollars will solve world hunger.”


Watch a video about the private company SpeaksX and sending people into space

Space X Ilona Maska sent two astronauts to the International Space Station.
The British Broadcasting Corporation

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