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The maximum amount of taxes an American can pay into Social Security in 2023 is $9,932.40 for the year. That’s how much billionaires, millionaires and anyone else earning about $160,200 in 2023 ...
The tax credit was restored in 2023 as part of the Biden administration’s Inflation Reduction Act. But Musk has encouraged the incoming Trump administration to end the $7,500 tax credit, which ...
Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [9] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [4] Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [10] According to ProPublica, Musk paid no federal income taxes in 2018. [11]
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.
Elon Reeve Musk (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (which he rebranded as X).Since 2025, he has been a senior advisor to United States president Donald Trump and de facto head of the Department of Government Efficiency (DOGE).
Tesla CEO Elon Musk says he is paying more than $11 billion in taxes this year. The statement comes after Sen. Elizabeth Warren tweeted that Musk should pay taxes and stop freeloading off everyone ...
In 2021, Musk donated more Tesla shares to the Musk Foundation, worth $5.7 billion at the time. According to estimates, he may have avoided up to $2 billion in taxes that would have been incurred if he had sold the shares. [7] Musk also donated Tesla shares in 2022, this time worth $1.95 billion.
Yahoo Finance’s Pras Subramanian breaks down the latest news on Tesla, including CEO Elon Musk’s tax bill, ... Tesla CEO Elon Musk says he will pay $11 billion in taxes this year ...