Technology

Elon Musk vows to pay record $11 billion in taxes after ‘freeing’ jibe

ELON Musk has faced critics after being accused of “liberal” in a heated tax controversy.

The Tesla founder is the richest person in the world with a net worth of $278 billion, surpassing Amazon’s Jeff Bezos and Microsoft’s Bill Gates.

Elon Musk got into a heated argument with US senator Elizabeth Warren

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Elon Musk got into a heated argument with US senator Elizabeth Warren

Musk was recently named the “world’s richest parasite” by US senator Elizabeth Warren after he was named Time Magazine Person of the Year 2021.

“Let’s change the cheating tax code so that Person of the Year will actually pay taxes and stop troubling others,” she tweeted.

In a public statement on Twitter, Musk called her “senator Karen” and asked her to “stop showing.”

On Monday, he added fuel to the fire, unveiling the enticing tax bill he envisions for 2021.

“For those wondering, I will be paying over $11 billion in taxes this year,” he wrote on Twitter.

The businessman vowed to “pay more taxes than any American in history this year”.

Musk’s business group includes electric car maker Tesla, which is worth about $1 million.

He recently sold nearly $14 billion worth of stock in the company.

Based on ProPublica Earlier this year, Musk paid no federal income tax for 2018 and less than $70,000 in 2015 and 2017.

Speaking on US television last week, Senator Warren said: “The richest parasitic man in the world obviously has very thin skin.

“But you know the part that makes me angry about this?

“It’s on behalf of every public school teacher, every service worker, every computer programmer, every street cleaner that actually paid the tax, and that means they paid more than Elon Musk. paid federal income tax.

“And that’s not true, and it means the system is broken.

“But the days when these guys not only took everyone in but also rubbed everyone else’s nose while they went into outer space and claimed how they did this on their own when they were contacted by the government. state subsidized and subsidized by every public school employee and teacher who paid their taxes ‘was up.

“This is wrong and Elon Musk needs to eat a big one of them.”

Musk said he would "pay more taxes than any other American in history this year"

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Musk says he will “pay more taxes than any American in history this year”Credit: Getty
Elon Musk sells over $286 million in Tesla stock after Twitter poll slashes company’s market value by $60 billion

In other news, iPhone owners are being pushed up the wall by a hidden danger Bluetooth error.

People have been advised to be careful if someone leaves their iPhone in the room as they could use it to follow you.

And Pornhub has revealed what passionate Americans and Britons have been looking for over the past year – and there’s a New favorite in town.


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https://www.the-sun.com/tech/4308079/elon-musk-tax-elizabeth-warren-freeloading-richest-man/ Elon Musk vows to pay record $11 billion in taxes after ‘freeing’ jibe

TaraSubramaniam

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