World News Headlines December 20, 2021 Under One Ceiling 0 Elon Musk just tweeted how much he’ll supposedly be paying in taxes in 2021 0 0000 0 0 more Elon Musk just tweeted how much he’ll supposedly be paying in taxes in 2021 December 20, 2021 Under One Ceiling now playing Transferring money from UAE abroad: what are my cheapest options December 20, 2021 Under One Ceiling WIN With Nespresso This Mother’s Day December 20, 2021 Under One Ceiling NBA Playoffs 2022: A Casual Fan's Guide to the Postseason December 20, 2021 Under One Ceiling Best New Climbing Gear of 2022 December 20, 2021 Under One Ceiling A Local Weekend Travel Guide to Austin, Texas December 20, 2021 Under One Ceiling First Drive: 2022 Range Rover Ups the Luxury SUV Experience December 20, 2021 Under One Ceiling Most Stylish Rain Jackets, Parkas, and Trench Coats for Men December 20, 2021 Under One Ceiling EU eyes Russian oil import ban as Moscow strikes western Ukraine December 20, 2021 Under One Ceiling World-class Clark Int’l Airport opens new 110,000 square-meter passenger terminal December 20, 2021 Under One Ceiling PCG: Bodies of 5 children who drowned in Taal Lake found December 20, 2021 Under One Ceiling Elon Musk just tweeted how much he’ll supposedly be paying in taxes in 2021 If you thought your tax bill was hard to swallow, you need this news in your life. Tesla and SpaceX CEO and the wealthiest man in the world, Elon Musk, said in a tweet that he’s paying more than $11 billion in taxes this year. Tweet may have been deleted Musk has often been criticised for paying very little tax despite being immensely wealthy, which is partly due to him not taking a salary and receiving most of his compensation in stock options instead. Following a Twitter poll in November, Musk started selling large amounts of Tesla stock, saying that the “only way” for him to pay taxes is to sell stock. However, his decision may have been prompted by a massive tax bill he was due on his stock options; CNBC first estimated it at more than $15 billion (the outlet later said Musk’s bill this year is likely to be around $12 billion, possibly the largest tax bill ever). In a reply to U.S. Senator Elizabeth Warren on Twitter earlier this month, Musk himself said that he “will pay more taxes than any American in history this year” SEE ALSO: It’s time to stop freaking out about space billionaires While $11 billion in taxes sounds like a lot, Musk definitely won’t go bankrupt over it. His net worth is currently estimated at $244 billion according to Forbes, which is roughly $50 billion more than the next guy on the billionaires list – Amazon executive chairman Jeff Bezos. Related Related posts: 11 of the best workout apps for people looking to build healthier routines 2 Iranians charged with threatening US voters in 2020 India: Man beaten to death at Sikh Golden Temple Covid: Evidence does not support more England curbs – minister tags: RSS Feed World News 0000 0 0 previous Microdosing companion app Houston wants to be your guide to 'inner space' next Taliban facing grumbles over pay from rank-and-file troops as fighting for God is no longer enough
