If and when Elon Musk sells a large chunk of his Tesla shares, it'll probably have relatively little to do with a Twitter poll among his loyal followers — and everything to do with a looming multi-billion-dollar tax bill.
Musk published a Twitter poll over the weekend, noting that because he doesn't receive a cash salary he pays income tax only when he sells shares. And because"much is made lately of unrealized gains being a means of tax avoidance," he asked the Twitterverse if he should sell 10% of his shares. Some 58% of respondents said yes.The tweet got attention, as many of Musk's social media antics do. But the move is not really about a populist vote.
The value of those shares and options comes to nearly $300 billion, making him the richest person in the world, but an analysis by ProPublica in June found Musk paid no federal income taxes in 2018 — and in 2017 he paid only $65,000. "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," Musk tweeted on Saturday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk Pledges to Sell Tesla Stock if Twitter Voters AgreeShould Elon Musk sell 10% of his Tesla stock? The billionaire asked Twitter followers and committed to following their directive, amid debates about capital-gains taxes
Leer más »
Tesla shares slide after Elon Musk proposes selling 10% of his stock in a Twitter pollThe fall comes after Musk asked his 62.5 million Twitter followers to determine the future of a chunk of his Tesla holdings.
Leer más »
Elon Musk’s Twitter Followers Vote For Him To Sell 10% Of Tesla StockThe Tesla Founder asked his followers to participate in a poll on Saturday.
Leer más »
Elon Musk May Have to Pay Billions in Taxes Because of a Twitter PollMusk says he is “prepared” to abide by the results of a Twitter poll in which followers voted for him to sell 10 percent of his Tesla shares.
Leer más »