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Elon Musk Net worth: $193.3 billion The Tesla CEO, who currently holds the title of the world's richest man, recently moved from California, a high-tax state, to Texas, which has no income tax.
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.
Instead of a salary, Elon Musk has a compensation package made of stock options. He could still owe California taxes when he exercises these options.
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.
Elon Musk is the world’s richest person partly due to his companies’ impressive innovations. But his wealth is also due to government contracts and programs that affected his two main ...
Despite being the world's wealthiest person, Elon Musk's taxes are pretty simple. In a 2021 interview16:14] with executives from The Babylon Bee, Musk said he has no offshore accounts or tax ...
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 ...
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.