Elon Musk’s stake in electric car maker Tesla may drop dramatically soon. In a Twitter poll on Saturday night, he asked his followers if he should sell 10 percent of his assets in the company, and also promised to follow up on the outcome “however.”
Around 10.40pm Swedish time, 54 percent of the 980,000 voters answered “yes”. Voting is open until Sunday evening, and until then anyone with a Twitter account can participate.
A lot of unrealized gains have been made lately as a way to avoid taxes, so I’m suggesting to sell 10% of my Tesla stock.
Do you support this?
– Elon Musk
November 6, 2021
It was criticized for tax reasons
The reason for the somewhat strange increase was criticism of tax evasion directed at Musk. Along with the rest of the world’s wealthy, he was accused of not lifting his weight, which led to the US government Suggest a special tax law He and his peers specifically target him.
Thus, voting on the contribution is an attempt to limit criticism, something he himself acknowledges on Twitter. On the other hand, he says it wasn’t about tax evasion, but instead he didn’t have any real paycheck to tax.
I don’t get paid in cash or bonuses from anywhere. I only have the shares, so the only way for me to pay taxes in person is to sell the shares,” Musk wrote on Twitter.
According to the newspaper Forbes Elon Musk has a net worth of $318.4 billion.
Note, I am not getting a salary or cash bonus from anywhere. I only have stock, so the only way for me to pay taxes in person is to sell stock.
– Elon Musk
November 6, 2021
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