Elon Musk asks his Twitter followers if he should sell 10% of Tesla shares and promises to comply with survey results

Posted:

November 7, 2021 01:13 GMT

At the time of writing, more than 1.7 million people have taken part in Musk’s poll and most, 54%, have voted in favor of the proposal.

Billionaire Tesla founder Elon Musk, general This Saturday, via his Twitter page, a poll in which he asked his followers whether they think it would be possible for him to sell 10% of his company’s electric car shares, pledging to comply with the results of public opinion.

“There’s been a lot of talk lately that unrealized gains are a way to avoid taxes, which is why I’m proposing to sell my 10% of Tesla stock,” he wrote. “I will stick with the results of this survey, whatever they are.”And added, In addition to explain He does not receive “cash wages or rewards from anywhere”. “I only have shares, so the only way to pay taxes in person is to sell them,” he said.

At the time of writing, more than 1.7 million people have participated in the Musk and . survey Most of them (54%) voted in favor of the proposal To sell Tesla shares.

Musk’s proposal comes after the Joe Biden administration announced plans to tax billionaires to help fund increased social and insurance spending. Under current US tax law, assets, such as stocks, are taxed only when they are sold.

Meanwhile, the main source of income for the super-rich in the United States comes from huge portfolios of publicly traded, tax-free stocks. Musk last week Mail Against the tax proposal, stating that any redistribution of wealth in which the government intervened would be better managed by the private sector.

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