Elon Musk has confirmed he will be paying a staggering amount of tax after being called out a number of times in recent months.
Musk took to Twitter to confirm he will pay one of the biggest tax bills in American history, totalling at over $11 billion for the year.
For those wondering, I will pay over $11 billion in taxes this year
— Elon Musk (@elonmusk) December 20, 2021
Despite publicly stating he’ll be paying his taxes, people have replied saying they don’t trust he’ll stick to his word.
Can we see your tax returns PLEASE? I'd you're wondering…YES it's cause I don't trust you. It's bc I don't trust anyone who openly threatens a coup anywhere he wants. I know Tesla shared it's EV battery patents back in the day. But really need to see your tax return for 2021
— Joseph Naham (@MrDunes) December 20, 2021
However, there were plenty who stuck by the billionaire.
trash government: “pay your share”
elon: “ok here is literally more than anyone has ever paid in history”
trash government: “wow what a freeloader, now please everyone in the USA give us more money and we will print 2.5 trillion more from thin air”
— Shibetoshi Nakamoto (@BillyM2k) December 20, 2021
The world’s richest man recently decided to ask his followers whether he should sell billions of Tesla stock. He let them decide, via a Twitter poll.
This came after Musk criticized a Democratic tax proposal that would target American billionaires, and would result in him having a $10 billion tax bill.
Since the poll ended with ‘yes’, Musk has cashed in nearly $7 billion in Tesla stock, according to Securities and Exchange Commission filings.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.
— Elon Musk (@elonmusk) November 6, 2021
Bernie Sanders then indirected a tweet about the extremely wealthy paying their fair share of tax.
Musk responded with what could be the tweet of the year.
I keep forgetting that you’re still alive
— Elon Musk (@elonmusk) November 14, 2021
Musk wasn’t finished there. He then hinted he may sell even more shares.
Want me to sell more stock, Bernie? Just say the word …
— Elon Musk (@elonmusk) November 14, 2021
Regardless of the situation, I think “I keep forgetting that you’re still alive” has to be the best put down I’ve heard for a long time.
