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Elon Musk is the world’s richest person partly due to his companies’ impressive innovations. ... Tesla buyers received federal tax credits worth an estimated $3.4 billion before the perk ...
Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [21] According to ProPublica , Musk paid no federal income taxes in 2018. [ 22 ] He stated his 2021 tax bill was estimated at $12 billion based on his sale of $14 billion worth of Tesla stock.
Based on things both Trump and Musk have said on Trump’s campaign trail, likely this would look like a federal flat tax, with only a couple of tax levels based on income, instead of the current ...
From lower federal rates to the cap on state and local ... as well as temporary lower income tax rates that came with a sunset date of Dec. 31, 2025. ... Though EV king Elon Musk is heavily ...
Elon Reeve Musk FRS (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include ownership of X Corp., the company that operates the social media platform X (formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
The 25 wealthiest Americans paid $13.6 billion in federal income taxes from 2014 to 2018. Meanwhile their wealth collectively increased by $401 billion in that same period, ProPublica reported .
For example, Elon Musk likely met his 2023 Social Security tax obligation just a few seconds after showing up to work on Jan. 3, 2023 — the first official workday following the New Year’s holiday.
Musk’s is a tiny prefab measuring about 400 square feet. Explore: Top 7 Countries with Zero Income Tax. Reduce Your Tax Rate. Elon Musk is the wealthiest person on Earth, but not because of his ...