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Musk becomes the man who will pay the most taxes in the United States.
After the sale of 10% of tesla shares, the CEO will have to pay off several debts with the United States government
Musk, the man named "the richest man in the world", is the most popular person right now. His participation in the news is massive, and it seems that he does not rest from all the hustle and bustle and from being the center of attention.
On this occasion, he has a rather great misfortune with his decision to make supporters of his Twitter followers, to take the task or not, of selling the shares of his company Tesla.
A lawsuit and now a large amount of money already placed as public debt in front of the eyes of the whole world. Will you still be a millionaire after this?
Elon Musk must pay $11 million in taxes
After several weeks of already knowing that the millionaire would have to pay a large sum of money to solve the paralyzed tax debt, already today the same tycoon announces the total result of money owed.
They are nothing more and nothing less than 11 million dollars, which must be paid before the new year arrives.
Becoming the man who will pay the most taxes in all the history of the United States.
Maybe you have missed the reason why Elon Musk's "late" payment, but don't worry, we are also to solve that hole that the news leaves if you have not gone through our article on: Elon Musk and his strategy to get more tesla shares after selling 10% of them.
Why should you pay such a sum of assets ?: Reasons for your decision
The company that Elon runs went through a profit and reward shift in 2018, where he was told that he would not be paid as such for doing his job.
Failing that, you would be rewarded in shares of the company itself, which at that time was priced well below its current price, which is above $1,000.
The news that it would not receive "normal payments" in 10 years, came with the argument that they needed to get rid of that expense to achieve the goals proposed for the electric car company.
While the shares already obtained since that year, would expire in August 2022, he had the idea of selling them. A total of 122 million in shares, although at the same time he bought about 600,000 more.
In order to function before these shares owned, you must pay the tax to collect the profits obtained, as provided by US law.
Millionaires hide in stocks
In the North American country, individuals with high sum of shares do not have the need to pay taxes. Therefore, if the actions have been in your hands for a long time, it works as a pass in major leagues.
Elon Musk was part of that small percentage of the population that had long held large numbers of stocks, which stopped costing less than $10, and are now worth a fortune.
This is called as "Tax avoidance", and the government of this country has invited, as of this previous month of November, to cut the duration of these monetary leaks.
This is why he had not paid taxes before, but would have to do so when the shares expire. But the process was advanced by the sale of that 10% and billing of more shares with the price of only USD $6 each, which he has in his hands today, but which I cannot use until he pays his debt with the Treasury.
Payment of personal services
Since Elon Musk does not have a salary, let's say "Real", he must have paid many of his personal expenses in a magical way?
A somewhat peculiar situation, but one that somehow has all the logic in the world: if you don't have money to pay, you use your given shares as collateral.
For this reason it was also necessary for Elon Musk to sell that 10% of shares; only that he reported his decision as a survey that was not really necessary.
Tesla stock drop
Since the tweet posted by the mogul, Tesla shares, which are on the Wall Street stock market, have kept rocking the stock market.
Dropping from 4% to 8% in one day, which in the stock market is extremely worrying.
For somewhat logical business reasons, it was not believed to be a great brilliant idea, like so many that Elon Musk has offered us.
Now, this is not the first time that a comment by billionaire Elon Musk has caused the company in question to succumb. If he has done it with an infinite number of things, how would the company he runs save itself?
The power of his comments is so powerful that one very funny day he casually mentioned that "Tesla shares are very high." It didn't take hours for the stock to fall.
Lawsuit that will take more money from Musk
Although it has not been clarified if it is a "millionaire" lawsuit that will make Musk have to take more money from his own pocket, or it has not even been stipulated that he will take a step in the matter, it seems to be something serious indeed.
The plaintiff, a Tesla investor, has said he wants them to review Elon Musk's tweets, especially the November survey, where there have been indications of a lack of deals from the mogul.
Due to the precise fact that he likes to talk and say many things, whether they concern him or not, on social media.
Recall that since 2018, an agreement was made between the US Securities and Exchange Commission and Elon Musk. Where they placed as a necessary measure that Tesla's lawyers review each of the CEO's tweets, and give their approval for its publication.
It is not the first time that they have made demands on this issue, especially knowing how free Musk has been with his Twitter.
Although Elon has not stopped being the richest man in the world, his extraordinary capital is somewhat diminished by the great contribution that is one of his star companies, clearly he will not become poor overnight, but possibly get down in the ranking of millionaires.
He also wears SpaceX for support, and his amazing new ideas for the year ahead will not bring you down. Possibly just a bad streak for the tycoon who a few months ago declared that he suffered from Asperger syndrome.
This condition would also explain his insistence on talking about everything. And it's perhaps the reason that his position as CEO is tainted by his comments on Twitter.
