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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 ...
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 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.
After years of legally avoiding taxes, Musk has a big bill coming due thanks to an old Tesla compensation plan, according to Insider calculations.
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 ...
The US's roughly 650 billionaires would have paid about $114 billion for 2020 under Warren's proposed "ultra-millionaire" tax, research suggests.
The DOGE, which has been directed by Trump to slash government spending and cut federal regulations, criticized the complexity of the U.S tax code in a Nov. 16 post on X, the social media service ...
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer