NEW YORK –
Tesla CEO Elon Musk is asking on Twitter whether or not he ought to promote 10 per cent of his inventory within the electric-vehicle firm amid strain in Washington to extend taxes on billionaires like him.
Some Democrats have been pushing for billionaires to pay taxes when the worth of the shares they maintain goes up, even when they do not promote any shares. It is a idea referred to as “unrealized positive aspects,” and Musk is sitting on loads of them with a internet price of roughly $300 billion.
“A lot is made currently of unrealized positive aspects being a method of tax avoidance, so I suggest promoting 10 per cent of my Tesla inventory,” he tweeted Saturday afternoon. “Do you help this?”
By 5:40 p.m. Jap time, a bit greater than two hours after Musk’s preliminary tweet, 54 per cent mentioned sure out of a complete of 876,189 votes.
A lot of Musk’s wealth is held in shares of Tesla, which doesn’t pay him a money wage. “I solely have inventory, thus the one means for me to pay taxes personally is to promote inventory,” he tweeted.
Musk, who is understood for his generally flippant tweets, mentioned he would “abide by the outcomes of this ballot.”
