Elon Musk: I’m Paying $11 Billion in Taxes This Year

Elon Musk rocketed into the No. 2 spot with a $151 billion fortune, a whopping $126.4 billion more than a year ago, when he ranked No. 31 and was worth $24.6 billion. The main reason: a 705% climb in Tesla shares, Forbes said.
 
Elon Musk rocketed into the No. 2 spot with a $151 billion fortune, a whopping $126.4 billion more than a year ago, when he ranked No. 31 and was worth $24.6 billion. The main reason: a 705% climb in Tesla shares, Forbes said.


Mr. Musk's net worth has little to do with his taxes, and most of it is unrealized and just based upon the current market levels of his stock holdings which could plummet tomorrow and aren't subject to tax.
 
Mr. Musk's net worth has little to do with his taxes, and most of it is unrealized and just based upon the current market levels of his stock holdings which could plummet tomorrow and aren't subject to tax.
making money off of electric auto, I thought republican's were against that.
 
Mr. Musk's net worth has little to do with his taxes, and most of it is unrealized and just based upon the current market levels of his stock holdings which could plummet tomorrow and aren't subject to tax.
You can call it all a shell game and that really does not make for a better argument as you are describing our financial system.
 
Elon Musk's companies have received billions in government subsidies over the last two decades. In 2021, Musk has opposed higher taxes for the rich, and said the government shouldn't control "capital." He recently said he opposes government subsidies. One of his companies accepted them as recently as April.5 days ago

Elon Musk Says He's Anti-Subsidy, but Has Gotten Billions of ...

Funny how the content of your article, doesn't match the headline....

1) he only spoke out against the "billionare tax" - and correctly highlighted that the Govt isn't a good steward of capital" - which it clearly isn't.
2) he only said to delete the subs in the Xiden social spending bill...not all subs.

Try again
 
when did he call it a "shell game"

That is what he described. It's all based upon the whims of those moving the shells. Look to oil as an example. The price isn't based on actual fundamentals. They have changed very little over the years but oil prices are all over the place. Invest at $80 and the markets may pull the pea out from under you and drop to $50.

When oil went to $145 OPEC got it right when they said the only reason it went that high was irrational exuberance. Since Tesla isn't a huge money maker but still worth billions of dollars (on paper) the same indeed could happen there. It's all the same as a carnival barker game.
 
That is what he described. It's all based upon the whims of those moving the shells. Look to oil as an example. The price isn't based on actual fundamentals. They have changed very little over the years but oil prices are all over the place. Invest at $80 and the markets may pull the pea out from under you and drop to $50.

When oil went to $145 OPEC got it right when they said the only reason it went that high was irrational exuberance. Since Tesla isn't a huge money maker but still worth billions of dollars (on paper) the same indeed could happen there. It's all the same as a carnival barker game.
No he didn't...do you know what a shell game is? Maybe that's the problem.

Someone wealth, and someone's income are two different things all together....he correctly highlighted the difference between the two. We pay income tax based on income we earn...not on how much we are worth. We could do that, but I think that would be a horrible mistake....why would anyone save their money if they are going to be taxed greater for saving.....we want people to save money and not be dependent on welfare, Govt, or others.
 
No he didn't...do you know what a shell game is? Maybe that's the problem.

Someone wealth, and someone's income are two different things all together....he correctly highlighted the difference between the two. We pay income tax based on income we earn...not on how much we are worth. We could do that, but I think that would be a horrible mistake....why would anyone save their money if they are going to be taxed greater for saving.....we want people to save money and not be dependent on welfare, Govt, or others.

I'm not interested in outdated theories. If we wanted people to save, interest rates would not be near zero with some arguing for negative rates.
 
Elon Musk rocketed into the No. 2 spot with a $151 billion fortune, a whopping $126.4 billion more than a year ago, when he ranked No. 31 and was worth $24.6 billion. The main reason: a 705% climb in Tesla shares, Forbes said.
Arguing about wealthy men I get. The western world is in decline. Real decline. Real visionaries we need. Reducing their politics to total socialism/communism is needed also. Musk is a visionary. Space is a present and future money maker and human employee endevour. To get there, we have to lower the price. The government has failed at it for 40 years with promise after promise. They know it. They jump started it. But now will not compete with others at the prices they still have to pay. Tell us another way we can cheapen the cost to get into space with the most value for the buck. China is snickering at us.
 

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