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Elon Musk launches a Twitter poll to ask if he should sell 10%  of his Tesla stock to pay billion in taxes; pledges to abide by the results of the poll | Tech News

Late final month, US Treasury Secretary Janet Yellen proposed a tax on unrealized capital beneficial properties of billionaires. Responding to criticism that he’s averted paying his justifiable share of taxes, Tesla CEO Elon Musk took to Twitter on Saturday to ask over 62 million of his Twitter followers to find out the way forward for a piece of his Tesla holdings.

This night, Elon Musk requested folks if he ought to promote 10% of his inventory within the electric-car maker with a view to pay taxes.

“A lot is made these days of unrealized beneficial properties being a way of tax avoidance, so I suggest promoting 10% of my Tesla inventory,” Musk tweeted, “Do you assist this?” Musk, one of many world’s richest folks, included a Sure or No ballot within the tweet, saying, “I’ll abide by the outcomes of this ballot, whichever method it goes.”

In one other tweet, Musk pledged to abide by the outcomes of the ballot. Musk additionally reminds his followers that he presently doesn’t “take a money wage or bonus from anyplace. I solely have inventory, thus the one method for me to pay taxes personally is to promote inventory.”

“I’ll abide by the outcomes of this ballot, whichever method it goes,” Musk, one of many world’s richest folks, added. It wasn’t instantly clear what that proposed sale would quantity to or what the tax price could be.

As of final December, Musk owned about 22.4% of the corporate’s shares excellent, in keeping with The Wall Avenue Journal.




https://techstartups.com/2021/11/06/elon-musk-launches-twitter-poll-ask-sell-10-tesla-stock-pay-billion-taxes-pledges-abide-results-poll/ | Elon Musk launches a Twitter ballot to ask if he ought to promote 10%  of his Tesla inventory to pay billion in taxes; pledges to abide by the outcomes of the ballot | Tech Information

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