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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 posted on X, the social platform he owns, calling for a “drastic simplification” of the tax code. He was responding to a post that showed the 2012 tax code was nearly 74,000 pages long.
Shares of tax-filing providers H&R Block and Intuit dropped on Tuesday after a report from The Washington Post said Elon Musk's DOGE commission is exploring a free mobile tax-filing app.
Billionaire Elon Musk asked social media users Wednesday if the Internal Revenue Service should be “deleted” — a day after a top Biden-Harris administration official urged Congress to give ...
According to ProPublica, Musk paid no federal income taxes in 2018. [11] He stated his 2021 tax bill was estimated at $12 billion based on his sale of $14 billion worth of Tesla stock. [10] Musk has repeatedly described himself as "cash poor", [6] [7] and has "professed to have little interest in the material trappings of wealth". [6]
The FTC in February filed an administrative complaint against H&R Block, alleging it marketed its tax-prep products as free yet deleted the data as a way to pressure them to pay for pricier ...
In 2019 the highest paid CEO was Tesla's Elon Musk at $595.3 million [15] ... For example, the Baltic States have a flat tax system for incomes. ...
That may sound like a lot, but Musk’s true tax rate amounted to only 3.79%. By contrast, the median American household earned $70,800 in 2021 and paid an average tax rate of 15%.