The Tesla CEO likely owes the federal government at least $8.3 billion for 2021, Forbes estimates
Musk could lower his tax bill this year if he donates Tesla shares–or cash–to his charitable Musk Foundation or directly to one or more nonprofits. Taxpayers who itemize donations can deduct some charitable giving from their adjusted gross income. Based on a read of filings with the Securities and Exchange Commission, Musk hasn’t donated any Tesla shares so far in 2021; the last time he did that was in December 2019, when he put 11,000 Tesla shares–then worth $4.1 million–into his foundation.
The taxman isn’t done yet. Another $7 billion worth of federal taxes may await Musk if he makes good on. He’d have to pay the IRS roughly $2.65 billion in additional capital gains taxes based on Tesla’s stock price on December 15, plus another $4.4 billion if he exercises the rest of his stock options set to expire in August 2022–if Tesla’s stock price stays where it is.That is not a given; the shares have fallen nearly 22% from their peak of $1,222 on November 1, 2021.against Sen.
On Monday, Time Magazine named Musk its “Person of the Year”, sparking Sen. Warren’s tweet about the CEO’s tax obligations.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Behold: 2021’s Most Influential HairTime names Elon Musk and his undercut “person of the year.”
Leer más »
Elon Musk Calls Elizabeth Warren 'Sen. Karen,' She Blasts His Person of Year HonorElon Musk and Sen. Elizabeth Warren are going at it -- their war of words is erupting, and it's all over TIME naming him Person of the Year, or as she would put it ... 'Freeloader of the Year.'
Leer más »
Elon Musk Hits Back Against Elizabeth Warren in Twitter Spat Over Tax PolicyTesla Chief Executive Elon Musk and Sen. Elizabeth Warren clashed with one another on Twitter after the senator called on the billionaire chief executive to pay more taxes
Leer más »
Elon Musk, CEO of Tesla and SpaceX, is Time's Person of the YearElon Musk, the CEO of Tesla and SpaceX, has been named Time magazine’s 'Person of the Year' for 2021.
Leer más »