“I hold forgetting you are still alive,”
Musk tweeted Sunday morning, in
response to Sanders tweeting that the extraordinarily rich ought to pay their fair proportion of taxes. CNN Enterprise has reached out to Sanders for remark.
“Need me to promote extra inventory, Bernie? Simply say the phrases…” Musk
tweeted an hour later.
Musk ended the week promoting a grand complete of $6.9 billion price of Tesla shares. That solely amounted to lower than 4% of the shares he holds instantly, and fewer than 3% together with all of the choices he owns to purchase extra shares.
Musk actually qualifies underneath Sander’s description of “the extraordinarily rich” — he is the world’s richest individual, having a internet price of $285 billion, in accordance with
Bloomberg’s Billionaires Index.
Musk requested the Twitterverse final week if he ought to promote 10% of his Tesla holdings to pay taxes — 58% of voters in his ballot responded sure.
Nevertheless, it is uncertain that the outcomes of the Twitter ballot had been the principle motivation for final week’s inventory sale. Musk faces a
looming tax bill that can be triggered by his must train 22.9 million choices to buy shares earlier than subsequent August. That invoice can be practically $10 billion at present market costs.
He may additionally owe state revenue tax to California, which has a prime tax charge of 13.3%. Despite the fact that he has
moved to Texas, which has no state revenue tax, he conceded in a latest tweet that he’ll nonetheless
owe California state income taxes as a result of he nonetheless spends a variety of time working within the state.
Taxing excessive wealth is a giant a part of Sander’s platform. Because the chair of the Senate’s funds committee, Sanders has proposed an annual tax on the highest 0.1 p.c of US households, which he claims will elevate about $4.35 trillion over the subsequent decade and minimize the wealth of billionaires in half over 15 years. He additionally desires to implement key enforcement insurance policies on the proposed wealth taxes.
Democrats had tried to impose a billionaires tax to fund President Joe Biden’s sweeping social security internet plan.
“Whether or not or not the world’s wealthiest man pays any taxes in any respect should not rely on the outcomes of a Twitter ballot,” Sen. Ron Wyden of Oregon
tweeted in response to Musk’s Twitter ballot. “It is time for the Billionaires Earnings Tax.”
CNN’s Chris Isidore contributed to this report.
CNN’s Chris Isidore contributed to this report.
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