Dec 20, 2021, 03:25am
Musk said on Sunday that he will pay more taxes than any American in history this year, following his earlier claim that he will pay more taxes than any American in history.
Last week, Musk made a bold claim that he will pay more taxes than any American in history.
The images are from the same company.
I will pay over $11 billion in taxes this year.
Forbes estimated last week that Musk owes the government at least $8.3 billion.
The billionaire sold nearly $13 billion worth ofTesla stock this year as the electric vehicle maker's market cap surged above $1 trillion.
$244 billion. According to Forbes, Musk is currently the richest person in the world, with a net worth that is currently estimated. Jeff Bezos is second in net worth behind Musk.
The key background.
The billionaire and Senator Elizabeth Warren sparred last week. She accused him of not paying enough taxes. Warren called for changes to the country's tax code to ensure that Musk pays taxes. The CEO of the company called Warren a "Senator Karen" and said he will pay more taxes than any American in history. Musk has criticized the Democrats plan to raise taxes for wealthy Americans. An investigation published in June by ProPublica states that Musk has not paid income tax in recent years. Even though his personal wealth increased by more than $13 billion, the eccentric billionaire paid more than $450 million in federal income taxes. Musk paid no income taxes in the year.
Musk says he will pay over $11 billion in taxes this year.
The biggest tax bill this year may be by Musk.
