Musk doesn't use tax-avoidance schemes, offshore accounts, or tax shelters.
In an interview with The Babylon Bee, he said his taxes are simple.
Less than two weeks ago, Musk clashed with Senator Elizabeth Warren. After he was named Time's Person of the Year, Musk called Warren "Senator Karen", after she accused him of freeloading over taxes.
In an interview with The Babylon Bee, Musk said he was paying the most tax that any individual in history has ever paid, and that Warren didn't pay any taxes.
He said that Warren's salary and taxes were paid for by taxpayers.
It is difficult to know if Musk is paying the largest tax bill in history because the IRS does not publicly reveal the tax information of individuals. If Musk exercises all of his options, the taxes on them could reach $10 billion for this year, according to calculations by Bloomberg.
Musk told The Babylon Bee that he could do his taxes himself in a few hours.
"My taxes are very easy," Musk said. I don't have any tax shelters.
He said there were no tax avoidance schemes.
Musk told the publication that he owned stock in both companies. He said that his worth was calculated by taking his ownership percentage and dividing it by the companies' valuations.
Musk said that his wealth was not a deep mystery.
He doesn't take salaries or bonuses from the companies because he thinks it would be morally good to not do that.
Musk said that his cash balances were very low until he sold stock. I had loans against my stock, so I would go bankrupt immediately if Musk's companies went bankrupt.
Musk has sold more than 15 billion shares of stock in the company since asking for a vote on whether he should give up 10% of his stake. He told The Babylon Bee that this quarter was the first time he sold stock in a meaningful way.
In the interview, Musk made fun of the metaverse and criticized California, the state he moved both his personal residence from and his company from. The state used to be the land of opportunity, but now it is known for over-regulation, over-litigation, and over-taxation, according to Musk.
