Interesting, rather than being the billionaire that pays no personel tax, he takes zero salary. When his stock options expire he pays 53% tax.

 

 

Give me a billion dollars and I wont mind paying 99% tax (but not a penny more).  

Noel

21 hours ago, martin-w said:

Interesting, rather than being the billionaire that pays no personel tax, he takes zero salary. When his stock options expire he pays 53% tax.

Which is not much considering how much he is worth. If I was good for hundreds of billions I'd happily pay 53% tax (well, not really considering the utterly retarded idiocies the parasite class known as politicians squander said money on) I'd still be so rich as to be utterly ridiculous.

Besides. I'd wager I pay about that same percentage myself (if not more) on a salary that even if I work for a couple of thousands of years I'd never come remotely close to his earnings in a standard month.. 😉

 

12 hours ago, Swe_Richard said:

Which is not much considering how much he is worth. If I was good for hundreds of billions

 

We could say its a bit illusory though, given that his billions are locked up in businesses and his liquid assets "relatively" low.

4 hours ago, martin-w said:

We could say its a bit illusory though, given that his billions are locked up in businesses and his liquid assets "relatively" low.

Locked up is equally illusory. He can borrow against the stock at very low rates, tax-free.

Cheers

1 hour ago, Luke said:

Locked up is equally illusory. He can borrow against the stock at very low rates, tax-free.

Cheers

 

True enough Luke. My point is its not as simple as many who criticise billionaires claim though. Although I do agree with much of the criticism. The critics never mention the 150 million Musk Donated to charity, already, this year.