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Tesla's Musk says he will pay over $11 billion in taxes this year

Published 12/19/2021, 10:11 PM
Updated 12/20/2021, 12:46 AM
© Reuters. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo

(Reuters) - Electric-car maker Tesla (NASDAQ:TSLA) Inc's Chief Executive Officer Elon Musk said on Sunday on Twitter (NYSE:TWTR) that he will pay more than $11 billion in taxes this year.

Earlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop "freeloading off everyone else" after Time magazine named him its "person of the year".

© Reuters. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo

Musk responded by saying that he "will pay more taxes than any American in history this year".

Musk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.

Latest comments

thank goodness the BBB plan didn't pass... would've been paying more next year.And yes, I have also given more to local foodbank this year..because I can afford it now.
I feel his pain. I'll be paying my largest tax payment to date. $140K USD for FED and $40K USD of STATE. AND....that's just my best guess. See what the real tax bill is in FEB/MAR 2022 - fun fun BUT - I do not have to work if I do not want too. Crypto has been good to me but these hands were made to count money - [insert evil laugh here] - -   Democratic U.S. Senator Elizabeth Warren needs to stop blowing smoke up peoples ass. Rich people pay WAY MORE taxes than poor people. I should know because I've been on BOTH ends of the spectrum - - and that's nothing to laugh about. I hope to make a nice donation soon to some local FOOD BANKS that helped me out when I needed it. Let's see a poor person make a deposit at a food bank - it does not happen. ONLY withdrawals.  Point being, politicians are JUST THAT politicians, selling their soul for the $$USD$$ no matter which side of the great divide they stand on. Sad but True, is a great song by METALICA by the way
I feel his pain. I'll be paying my largest tax payment to date. $140K USD for FED and $40K USD of STATE. AND....that's just my best guess. See what the real tax bill is in FEB/MAR 2022 - fun fun BUT - I do not have to work if I do not want too. Crypto has been good to me but these hands were built to count money - [insert evil laugh]
#SenatorKaren
Says Nancy, who flies in her free govt private jet to CA.
Pot calling CCP black 🤣
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