2 ms·
The part that Musk personally paid isn't "cash", it's cash and loans against his Tesla shares. To the very rich, cash is terrible because of the tax obligation
by csours 4y ago
The part that Musk personally paid isn't "cash", it's cash and loans against his Tesla shares.
To the very rich, cash is terrible because of the tax obligations. That being said, the whole Musk Tax rigmarole [0] is funny to me for various reasons. Musk's stated reasoning here is not quite correct, and somewhat self serving; at the same time, I think many people would not be satisfied even if Musk was taxed at 100% of his net worth.
0. https://www.cnbc.com/2021/11/07/elon-musk-faces-a-15-billion-tax-bill-which-is-likely-the-real-reason-hes-selling-stock.html https://www.cnbc.com/2021/11/07/elon-musk-faces-a-15-billion...