Elon Musk says he's ponying up to Uncle Sam and then some -- paying more than $11 billion in taxes ... which he likely hopes will get some political bigwigs off his back for a while.
Tesla's CEO put his cards on the table this weekend, tweeting ... "For those wondering, I will pay over $11 billion in taxes this year." He doesn't specify where the tax money will be pulled from -- whether it's his personal cash or Tesla -- but it's a large chunk of change, nonetheless.
Of course, EM's been getting dogged by Senator Elizabeth Warren -- among other elected officials -- for not paying his fair share in taxes, and coasting on profits from the huge pile of stock and other assets he holds onto without really ever cashing out.
While Elon's honesty might seem pretty forthright and righteous ... the truth is, he was expected to pay about this much regardless -- especially since he's got A LOT of stock options that are set to expire in August, which was projected to produce a tax bill of at least $15 bil.
Source: https://www.tmz.com/2021/12/20/elon-musk-taxes-11-billion-stock/
Tesla's CEO put his cards on the table this weekend, tweeting ... "For those wondering, I will pay over $11 billion in taxes this year." He doesn't specify where the tax money will be pulled from -- whether it's his personal cash or Tesla -- but it's a large chunk of change, nonetheless.
Of course, EM's been getting dogged by Senator Elizabeth Warren -- among other elected officials -- for not paying his fair share in taxes, and coasting on profits from the huge pile of stock and other assets he holds onto without really ever cashing out.
While Elon's honesty might seem pretty forthright and righteous ... the truth is, he was expected to pay about this much regardless -- especially since he's got A LOT of stock options that are set to expire in August, which was projected to produce a tax bill of at least $15 bil.
Source: https://www.tmz.com/2021/12/20/elon-musk-taxes-11-billion-stock/