Monday Jul 4, 2022
Monday Jul 4, 2022

Elon Musk says he will pay over $11B in taxes in 2021


Nepalnews
2021 Dec 20, 14:29,

The founder of SpaceX and Tesla, billionaire Elon Musk, said on Monday that for the entirety of the year 2021, he will pay over $11 billion in taxes.

"For those wondering, I will pay over $11 billion in taxes this year," Musk said on Twitter.

His statement comes after US Senator Elizabeth Warren, a long-time advocate for raising taxes on the rich by taxing their overall assets, said on Twitter last week that the tax code must change so that the "Person of the Year will actually pay taxes and stop freeloading off everyone else."

In an immediate reply to Warren, Musk noted that he would pay "more taxes than any American in history this year."

According to Forbes' real-time billionaires' list, Musk comes in first surpassing Amazon founder Jeff Bezos with a $244.2 billion net worth as of Monday. On December 13, Time magazine named Musk "Person of the Year 2021."

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Elon Musk Billionaire Person of the Year 2021 Time's Person of the Year taxes USA 11 billion US senator Jeff Bezos richest man in the world
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