To pay his taxes, Elon Musk puts it in the hands of Internet users

via Associated Press

Musk will obey netizens if they vote to sell Tesla shares to pay his taxes (pictured July 12, 2021)

SOCIAL NETWORKS – He claims to be very serious. Elon Musk asked his 62 million Twitter followers this Saturday, November 6 if he should sell 10% of his shares in Tesla, and assured that he would stick to their decision.

The whimsical boss of the electric vehicle maker seems to have in his sights a new proposal from the Democrats, who would like to tax the super-rich more heavily by targeting their stocks, usually taxed only when they are sold.

“There has been a lot of talk lately about unrealized gains as a tool for tax evasion, so I am proposing to sell 10% of my Tesla shares,” Elon Musk wrote in a tweet. “Do you agree?” he then asks Internet users, suggesting that they vote “yes” or “no”.

“I will respect the results of this poll, whatever the conclusion,” adds the multi-billionaire. By midnight, more than 1.2 million people had voted and the “yes” won narrowly at 52.6%.

According to Bloomberg, Elon Musk owned about 17% of Tesla’s outstanding shares as of June 30, which is currently worth $ 208.37 billion. The entrepreneur was also awarded a large package of stock options and convertible shares as compensation.

With his stakes in his other companies, Neuralink and especially SpaceX, Elon Musk is theoretically the richest man in the world with a fortune estimated by Bloomberg at 338 billion dollars.

“Note that I don’t take any cash wages or bonuses anywhere,” Musk said on Twitter. “I only have shares, so the only way for me to pay taxes personally is to sell shares,” he adds.

See also on The HuffPost: Thanks to a Tik Tok video, this American brand has decided to “really” recycle its unsold products


Source: Le Huffington Post by www.huffingtonpost.fr.

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