Elon Musk says he’ll pay more than $11 billion in tax this year

Dec 20, 2021 · Instead, according to ProPublia, Mr Musk didn’t pay any federal income taxes in 2018, and had a “true tax rate” of about 3.27 per cent between 2014 and 2018, a figure …

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Elon Musk Says He’ll Pay More Than $11 Billion In Tax This Year

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Dec 20, 2021 · Instead, according to ProPublia, Mr Musk didn’t pay any federal income taxes in 2018, and had a “true tax rate” of about 3.27 per cent between 2014 and 2018, a figure …

independent.co.uk

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Elon Musk’s Tesla Pay Deal May Spark A Record $73B Tax Bill - MSN

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The Largest Ever Federal Tax Bill Whether he pays the 37 percent or 57 percent rate, Musk’s tax bill for the proposed package will likely be the largest in history —a title he already holds.

msn.com

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Elon Musk To Pay Record-breaking $12 Billion Tax Bill - CNBC

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Dec 15, 2021 · CNBC's Robert Frank reports on Elon Musk's tax bill which is the largest in history. Musk will pay a total of $12 billion for 2021. Frank joins 'Squawk on the Street' to discuss the …

cnbc.com

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Elon Musk Used Misinformation To Fuel A Government Shutdown

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Dec 20, 2024 · Musk also shared a post from another user that falsely claimed the bill provided $3 billion in funding for a potential new stadium for the NFL’s Washington Commanders, …

apnews.com

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Attention DOGE And Elon Musk: Here’s How The Federal …

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11 hours ago · As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion …

cnn.com

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Elon Musk Tax Bill May Be Record $12 Billion Amid Elizabeth …

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Dec 16, 2021 · Elon Musk might pay the largest tax bill in US history in 2021, at around $12 billion. Sen. Elizabeth Warren accused him of not paying taxes. In the past, he's used legal …

businessinsider.com

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Elon Musk Poised To Make The Single Largest Tax Payment In …

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Dec 20, 2021 · For those wondering, I will pay over $11 billion in taxes this year — Elon Musk (@elonmusk) December 20, 2021. This entire public dialog comes amid allegations that Musk …

timcast.com

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Elon Musk Vows To Pay Record $11BILLION In Taxes After …

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Dec 20, 2021 · ELON Musk has hit out at critics after being accused of “freeloading” in a bitter row over taxes. The Tesla founder is the world’s richest man with a net worth of $278billion, ahe…

thesun.co.uk

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Elon Musk Could Become The Highest Tax Payer Ever In The US …

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Dec 17, 2021 · An investigation has revealed that Musk paid $455 million in federal taxes between the years 2014 and 2017 while his personal wealth grew by $13.8 billion, Forbes …

interestingengineering.com

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‘Freeloading’ Elon Musk To Pay Largest Federal Tax Bill In History

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Dec 17, 2021 · CNBC, meanwhile, figured Musk’s total tax bill was even higher—$15 billion. The bulk of Musk’s tax bill stems from the nearly $13 billion in Tesla stock sold as of December 13, …

headlinewealth.com

FAQs about Elon Musk says he’ll pay more than $11 billion in tax this year Coupon?

How much tax does Elon Musk pay?

Elon Musk claims that he will pay over $15,000,000,000 in taxes this year, the most in American history. The majority of his tax bill stems from his Tesla stock sell-offs. However, CNBC calculated a different tax bill for Musk, at $15 billion. ...

Does Elon Musk have to pay taxes on stock options?

The Tesla CEO has to pay taxes on a large amount of stock options he's exercised this year. Elon Musk could well be shelling out one of the largest tax bills in history this year. That's because the Tesla CEO has been exercising a large number of options this year — and still has more to go. ...

How much does Elon Musk owe the federal government?

Forbes suggests that Elon Musk owes the federal government at least $8.3 billion for 2021. It’s hard to determine this figure for certain, as only the IRS knows the exact amount. This figure counters what Business Insider has reported. ...

How much will Elon Musk pay if he exercises stock options?

Though Musk did not pay federal income taxes back in 2018 (because he took out loans against Tesla shares), he will be on the hook to pay an extreme amount this year: potentially between $9 billion and $10 billion, if he exercises soon-to-expire stock options. ...

Did Elon Musk kill a bipartisan funding proposal?

President Donald Trump’s billionaire ally Elon Musk used his outsize influence on X to help kill a bipartisan funding proposal that would have prevented a government shutdown, spreading multiple false claims in the process. ...

Does Elon Musk still have options?

This response came after he insulted the senator earlier in the same thread. Musk has been exercising a large number of options this year. He has exercised almost 15 million of the 22.9 million Tesla stock options he was granted in 2012, and still has 7.9 million left to go before they expire in August 2022. ...