Elon musk is paying 1.1 Billion Tax

 

On 2 November Elon musk maked a poll on twitter saying about he is ready to sell 10% of Tesla stock if majority of people vote yes. On this poll 58% of people voted for yes. And 42% people voted No. 

After some time he added “ I will be abide the result of poll, which ever it goes" when most people voted for yes he again replied his tweet and said he don't take cash salary or bonus from his company. So selling stock is his only way to pay taxes. So he get ready to sell Tesla stock. 

Price per share of Tesla is $1067 and he has 193 million shares of Tesla where 10% will be 19.3 million and it worth 20.5 billion dollars. It was enough to pay taxes. 

But he is now selling 5 Billion Worth of share. And paying just 1.1 billion dollars. He is selling 4.7 million stocks of Tesla.

Elon musk maked 150 Billion dollars from last year. Tax Rate in USA is 37%. So it will be 55 Billion dollars. But he is paying 1.1 Billion dollars. It's not Even 2%. 

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✍️ By Kamal Belbase 

📧  kbusiness0@yahoo.com