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For example, Elon Musk likely met his 2023 Social Security tax obligation just a few seconds after showing up to work on Jan. 3, 2023 — the first official workday following the New Year’s holiday.
Elon Musk is the world’s richest person partly due to his companies’ impressive innovations. But his wealth is also due to government contracts and programs that affected his two main ...
Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [5] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [6] Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [7] According to ProPublica, Musk paid no federal income taxes in 2018. [8]
Based on things both Trump and Musk have said on Trump’s campaign trail, likely this would look like a federal flat tax, with only a couple of tax levels based on income, instead of the current ...
Elon Musk Net worth: $193.3 billion The Tesla CEO, who currently holds the title of the world's richest man, recently moved from California, a high-tax state, to Texas, which has no income tax.
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa's administrative capital. [2] [3] He is of British and Pennsylvania Dutch ancestry.[4] [5] His mother, Maye (née Haldeman), is a model and dietitian born in Saskatchewan, Canada, and raised in South Africa.
The foundation was initially endowed with $2 million. [8] From 2012 to 2015, it received a further $3 million. In 2016, Elon Musk donated Tesla shares worth $254 million to the foundation, thus avoiding tax payments that would have been due if he had sold the shares. [9]
Under Biden’s proposal, Musk’s tax bill would have totaled $3 billion for 2018 through 2022 — nearly seven times higher than what he paid. The 25 wealthiest Americans paid $13.6 billion in ...