The tax that Elon Musk will pay .. “The largest amount paid by a single person in American history”
Elon Musk, founder and president of the US electric car maker Tesla, has put an end to speculation and controversy over his historic deal to sell part of his stake in Tesla, after announcing that he would pay more than $11 billion in taxes this year.
In a message on Twitter, Musk said, "To those amazed, I will pay over $11 billion in taxes this year," the largest single tax payment in US history.
Musk, the richest man in the world with a fortune estimated at 254 billion dollars, had sold a share of Tesla shares and used stock options since the beginning of last November, where he sold the stock at its current market price and bought the stock for about $ 6.24 using stock options dating back to 2012 .
It is reported that Musk was criticized following reports that he did not pay his taxes in 2018. According to US tax rates, Musk will pay about 53% of his net worth in taxes.
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