Musk appears to be a gambling man.
Founder of Tesla and billionaire Elon Musk shocked the internet and asked his Twitter followers if he should sell 10% of his Tesla shares which is the equivalent of $21 billion.
According to the Washington Examiner, Musk took to twitter and wrote, “Much is made lately of unrealized gains being a means of tax avoidance.” He then asked if he should sell 10% of his Tesla shares and a shocking 57.9% voted “YES”.
What’s even crazier is Musk said that he is abiding by the results of the poll.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Lorde Edge (@elonmusk) November 6, 2021
Musk further explained that he was not paid a single cent in 2020 and all he has is shares of stock. He then explained that the only way he could pay taxes is if he sold some of his shares.
Democratic Sen. Ron Wyden was furious that Musk took to social media to make such a drastic financial decision and insisted that it was time for the government to institute a billionaire income tax.
