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More Rajkot updates News Elon Musk can pay 11 billion in taxes This yr, Rajkot updates information that elon musk spends eleven billion in tax beak, probable the most important in US records. Last Monday, Tesla CEO Elon Musk chirped, “For the curious, I’ll be paying over $eleven billion in taxes this yr.” Many pollsters estimate that Musk pays a complete of $12 billion in taxes in 2021. Musk has ended $14 billion really worth of Tesla stock on account that November after asking his Twitter fans if he need to sell his 10 in line with cent turnout, and yes become the answer, the ballot said. Elon musk spends eleven billion in taxes on Tesla stock options. Musk stock alternatives acquired the award in 2012 and expire subsequent August, and to apply it, he might ought to pay income tax. However, it’s manageable that Musk will begin promoting besides, and that is because he has to pay for plenty Rajkot updates information. Musk’s wealth comes from inventory incentives and growing Tesla’s proportion fee rather than a cash salary or bonus. Tesla’s inventory has fallen for the reason that Musk’s Twitter poll, however it’s still very beneficial — the store is up 28% every year.