Elon Musk bragged about receiving an $11 billion tax bill, but it is only due to large stock sales over the past month from which he will most likely continue to profit.
. But when the conditions surrounding Musk’s tax bill are detailed, his true intentions become clearer.
In 2012, as part of his compensation as CEO of Tesla, Musk received the option to make future stock purchases at their 2012 value, regardless of their market value at the time of purchase. This allowed Musk, who doesn’t receive a traditional salary from Tesla, toin November, setting off a cascade of similar transactions over the next weeks. Early in November, he bought those shares for $13.4 million, despite being valued at $2.3 billion.
The option to buy these shares at this price is set to expire next year. And the Build Back Better Act, if it were eventually passed, couldon the transaction if he were to put it off until 2022, making the trade strategically timed. Since then, Musk has made other similar transactions, which are taxed as income. At that tax bracket, they are subject to a
. These transactions are what make up the bulk of his $11 billion tax bill, according to tax experts.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Watch Elon Musk Squirm Over His Taxes on 'The Bernie Sanders Experience'“A hole in the ground is better than no hole in the ground!”
Consulte Mais informação »
Elon Musk Says Humans Will Be On Mars Within a DecadeElon Musk predicts that humans will land on Mars within a decade. How realistic is this timetable given that Starship hasn't even made it into orbit yet?
Consulte Mais informação »
Elon Musk owes $11 billion in taxes after wrapping up his Tesla stock salesElon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He'll end up with one of the largest tax bills in history to show for it.
Consulte Mais informação »
Elon Musk: Cryptocurrencies Are Not Perfect But Are Better Than Anything Else We Have SeenDespite being not 'ideal,' Elon Musk believes digital assets are the best form of money that ever existed.
Consulte Mais informação »
Former SpaceX Intern Continues to Insist That Elon Musk Created BitcoinFormer SpaceX intern has published new evidence in support of his popular theory about Elon Musk being Satoshi
Consulte Mais informação »
Former SpaceX Intern Continues to Insist That Elon Musk Created BitcoinFormer SpaceX intern has published new evidence in support of his popular theory about Elon Musk being Satoshi
Consulte Mais informação »