Musk: Claiming to be the number one taxpayer in the United States, more than any American in history!

Recently, according to media reports, Tesla CEO Elon Musk recently claimed in response to U.S. Senator Elizabeth Warren’s criticism of his tax issues, “Just open your eyes for 2 seconds to know what I’m doing this year. The tax amount will exceed any American in history.”

Musk: Claiming to be the first taxpayer in the United States, more than any American in history!

According to Forbes estimates, Musk expects to pay more than $8.2 billion in taxes for the stock he sells in 2021.

However, the tax bill that Musk will eventually pay is far more than the $8.2 billion. It is understood that although he moved from California to Texas in 2020, California may tax the options he obtained during his life there.

According to Tesla’s latest proxy statement submitted to the US Securities and Exchange Commission, Musk has approximately 22.9 million options that expire next year.

These options give Musk the right to buy Tesla’s shares at a price of $6.24 per share. Based on Wednesday’s closing price of approximately $976 per share, he will receive approximately $22.2 billion in earnings.

If California levies taxes on him, then according to the highest tax rate of 13.3%, Musk still needs to pay about 2.9 billion US dollars, plus the 3.8% net investment income tax paid to the federal government (about 842 million US dollars), then Musk The total tax bill this year will reach 12 billion U.S. dollars.