ELON MUSK MADE A BIG SHOW OVER THE DEBATE ON TAXING BILLIONAIRES ON UNREALIZED GAINS OVER THE WEEKEND.
THE WORLD’S RICHEST PERSON – WHOSE NET WORTH HAS TRIPLED OVER THE LAST YEAR, ASKED HIS NEARLY 63 MILLION TWITTER FOLLOWERS WHETHER HE SHOULD SELL 10 PERCENT OF HIS TESLA STOCK, WHICH IS MORE THAN 20 BILLION DOLLARS WORTH.
AS HE NOTES – IT’S THE ONLY WAY HE CAN BE TAXED, SINCE HE DOESN’T TAKE A CASH SALARY.
ABOUT 58 PERCENT OF RESPONDENTS VOTED “YES.” WHICH CAUSED TESLA SHARES TO BRIEFLY STUMBLE DOWN FIVE PERCENT IN PREMARKET TRADING.
MUSK SAYS HE’LL ABIDE BY THE TWITTER POLL RESULTS.
BUT HERE’S THE CATCH. THE ECCENTRIC BILLIONAIRE DIDN’T JUST HAPPEN TO LET TWITTER FOLLOWERS DECIDE HE SHOULD PAY BILLIONS IN TAXES.
NO, ACCORDING TO MULTIPLE REPORTS, MUSK HAS A HUGE TAX BILL COMING UP NEXT YEAR ON STOCK OPTIONS HE GOT NEARLY A DECADE AGO.
SO TWITTER POLL OR NOT – HE WAS GOING TO HAVE TO SELL A BIG CHUNK OF HIS SHARES TO PAY FOR IT.
I’M SIMONE DEL ROSARIO FROM NEW YORK IT’S JUST BUSINESS