Elon Musk asks on Twitter if he should sell 10% of his shares in Tesla to pay taxes

No one has ever had as much money as Elon Musk. He is, according to ‘Bloomberg’, the richest man in the world, although his money is almost intangible. His fortune has doubled in the last year thanks to the revaluation in the stock market of Tesla, your electric car company, and Space X, the space rocket company, which are about $ 335 billion.

But the money almost unattainable for the American haciendaBecause big fortunes only pay taxes when they materialize, selling those stocks and bonds and turning them into money. During the time that his capital accumulates and his wealth grows, he and other billionaires enjoy certain immunity from not paying taxes at that time, explains Santiago Carbó, economist and director of Funcas, to laSexta.

For example, 10% of Musk’s shares in TESLA equals $ 21 billion, and it would be like this, when sold, when the US treasury would collect taxes. From this situation starts the survey that Musk has started on social networks, after explaining that he does not have a cash salary or bonuses from any site, so the only way you have to pay taxes would be by selling stocks.

Therefore, the businessman has asked his followers if I should sell that 10% of shares, by then pay taxes. He assures that he will stick to the result of this virtual questionnaire that he has voted by an adjusted majority that ‘yes’, he must sell that stake in his company.

Musk’s particular poll comes after his controversy on Twitter with the director of the Food Bank, David Beasley, who asked Musk to donate $ 6.6 billion to reduce hunger in the world, practically doubled during the pandemic. To this proposal, Musk responded by doubting the effectiveness of the UN.

Experts believe that with his survey, Musk just wants to draw attention to that problem and show that billionaires’ fortunes are practically immune from taxes.