Elon Musk polls Twitter about selling 10% of Tesla stock
Elon Musk is nothing if not eccentric. Whereas most of us aren’t one of many richest folks on this planet, we typically take monetary steering from specialists, rigorously comply with guidelines set out by regulators and spend hours agonizing on how greatest to maintain what cash we do have sitting within the correct locations in order to maximise our wealth, corresponding to it might be. Elon, however, asks Twitter.
A lot is made recently of unrealized good points being a method of tax avoidance, so I suggest promoting 10% of my Tesla inventory.
Do you assist this?
— Elon Musk (@elonmusk)
November 6, 2021
Musk adopted up the Twitter ballot asking whether or not he ought to promote 10% of his Tesla inventory by stating that he “will abide by the outcomes of this ballot, whichever method it goes,” and including, “Word, I don’t take a money wage or bonus from wherever. I solely have inventory, thus the one method for me to pay taxes personally is to promote inventory.”
Elon has 62.7 million followers on Twitter (as of the day this was revealed), and the outcomes presently sit at 57.3% in favor of promoting the inventory, with a complete of over 3.2 million votes up to now. There are three hours left and loads of followers who have not voted, so the outcomes may change. Both method, 10% of Elon’s inventory in Tesla is worth about $21 billion.
In addition to simply being an odd solution to determine if he ought to money out more cash than the mixed wealth of an enormous share of the inhabitants of america, the tax implications to the U.S. coffers are huge. Not surprisingly, the tweet garnered consideration from many instructions, together with that of Oregon Democratic Senator Ron Wyden.
Whether or not or not the world’s wealthiest man pays any taxes in any respect shouldn’t depend upon the outcomes of a Twitter ballot. It’s time for the Billionaires Earnings Tax. https://t.co/KFHw3VZ45H
— Ron Wyden (@RonWyden)
November 6, 2021
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