Elon Musk Asks Twitter If He Should Sell $25 Billion USD Worth of Tesla Stock to Pay Taxes

Elon Musk took to Twitter to query a primarily crucial query: ought to peaceable he sell $25 billion USD worth of Tesla stock to pay taxes?

The Tesla and SpaceX CEO place up a Twitter pollasking his followers in the occasion that they enhance his accelerate to sell a percentage of his Tesla stock. “Much is made unprejudiced as of late of unrealized gains being a technique of tax avoidance, so I propose promoting 10% of my Tesla stock,” Musk wrote, adding that he “will abide by the consequences of this ballot, whichever capability it goes.” He continued, “Present, I pause now not desire a money wage or bonus from wherever. I completely delight in stock, thus the completely capability for me to pay taxes personally is to sell stock.”

The pollended with 57.9% of the 3,519,252 users voting “Yes,” on the other hand Musk has yet to tackle the closing result.

Forbes noteworthy that if Musk does take care of correct to his discover and sells 10% of his Tesla stock, it’d be completed over time in instruct that the stock market doesn’t smash. The CEO could per chance moreover discontinue up paying spherical 20% of capital gains tax or the combined 54% yelp and federal tax.

In slow October, analysts counseled that Musk could per chance turn out to be the realm’s first trillionaire after Tesla’s valuation topped $1 trillion USD. Adam Jones shared, “A couple of client has steered us if Elon Musk had been to turn out to be the first trillionaire…it obtained’t be ensuing from Tesla. Others delight in acknowledged SpaceX could per chance in a roundabout scheme be primarily the most extremely valued firm in the realm — in any industry.”

Much is made unprejudiced as of late of unrealized gains being a technique of tax avoidance, so I propose promoting 10% of my Tesla stock.

Fabricate you enhance this?

— Lorde Edge (@elonmusk) November 6, 2021

I will abide by the consequences of this ballot, whichever capability it goes

— Lorde Edge (@elonmusk) November 6, 2021

Present, I pause now not desire a money wage or bonus from wherever. I completely delight in stock, thus the completely capability for me to pay taxes personally is to sell stock.

— Lorde Edge (@elonmusk) November 6, 2021

In other places in tech, the realm’s first USB-C iPhone is currently promoting for $100,000 USD on eBay.

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