The inventor and owner of the largest electric car manufacturer in the world apparently wants to pay more taxes. Considered the richest man in the world at over $ 300 billion, Musk has now asked his 62.5 million Twitter followers to vote on a poll to sell 10 percent of his Tesla shares. Since he receives neither cash nor bonuses, the sale of shares is the only way for him personally to become taxable.
So far, 2.7 million users have voted – 56.6 percent voted “Yes”, ie the sale of ten percent of his shares. These are currently worth a whopping $ 22.7 billion.
Gains in the price of stocks are taxed in the United States only if they are sold and a profit is realized. This is considered to be one reason why US corporations like to buy back their own shares – and thus support the price – instead of paying out the money as dividends.