Elon Musk has become the richest person in history, with an estimated fortune of more than $300 billion today, thanks mainly to the soaring stock price of the electric car company he controls, Tesla. So do not be surprised if the taxes he has to pay are extraordinarily high.
Thought he would avoid paying taxes in the proper amount, Elon Musk has said he will pay more than USD 11 billion in taxes this year.
Earlier this week, senator Elizabeth Warren tweeted that Musk had to pay taxes after he was named Person of the Year by Time magazine.
As quoted by Reuters, Musk then responded by saying that he would pay more taxes than anyone else in US history. Now, he has mentioned the number which is indeed a record.
Maybe Elon Musk wants to silence critics of all who think he's a tax evader. Some senators have strongly criticized him.
Not long ago, the United States lawmaker from the Republican Party, Pramila Jayapal, stated that Elon Musk avoided paying taxes so that Time's decision was questionable.
"We can't believe that Time magazine named Musk Person of the Year," said the Pramila team
"The world's richest man shies away from paying taxes while working-class families struggle to put food on the table and pay rent," they added.
They judge that the rich continue to get richer and the profits from their companies continue to grow, even during the Corona pandemic.
