Elon Musk Reveals He Will Pay Over $11 Billion in Taxes This Year
Tesla and SpaceX CEO Elon Musk revealed how much he will have to pay in taxes this year. “For those wondering, I will pay over $11 billion in taxes this year,” Musk tweeted. His tweet comes a week after he sparred with…
Tesla and SpaceX CEO Elon Musk revealed how much he will have to pay in taxes this year.
“For those wondering, I will pay over $11 billion in taxes this year,” Musk tweeted.
His tweet comes a week after he sparred with Sen. Elizabeth Warren (D-Mass.) on Twitter over how much he would be paying in taxes, as IJR reported.
“Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,” Warren tweeted.
Musk replied, “Stop projecting!”
He continued, “You remind me of when I was a kid and my friend’s angry Mom would just randomly yell at everyone for no reason.”
Musk proceeded to call her “Senator Karen.”
He argued if Warren “opened her eyes “for two seconds,” she would “realize I will pay more taxes than any American in history this year.”
CNBC reported, citing Forbes, Musk is worth over $244 billion. The amount makes him the richest man in the world.
According to the outlet, Musk “could have waited until next year to pay the tax bill, but that would have meant potentially getting hit by higher tax rates under the Democrats’ Build Back Better bill.”
Voicing his opposition to the bill earlier this month, Musk explained, “Honestly, I would just can this whole bill. Don’t pass it. That’s my recommendation.”
He argued, “It might be better if the bill doesn’t pass because we’ve spent so much money, you know, it’s like the federal budget deficit is insane.”
Musk was named Time’s 2021 Person of the Year, as IJR reported. The outlet called 2021 “the year of Elon Unbound.”
Time National Political Correspondent, Molly Ball, noted it is “really hard to escape Elon Musk’s dominance over so many things in American life right now.”