- by theverge
- 01 Nov 2024
Elon Musk says he will pay more than $11bn in tax this year
Elon Musk says he will pay more than $11bn in tax this year
- by theguardian
- 27 Dec 2021
- in technology
1.8 k views
Musk, who was earlier this year accused of paying zero federal taxes in 2018 despite sitting on an estimated $243bn (£185bn), said he would pay the unusually high tax bill this year after the sale of millions of Tesla shares.
Musk has sold about $14bn worth of Tesla shares since early November, when he asked his Twitter followers whether he should sell 10% of his holdings. Almost 60% of his 67 million followers voted that he should sell the shares. Taxes on the sales are estimated to come in at between $11bn and $12bn.
The controversial entrepreneur would probably have had to begin selling down his 23% stake in Tesla regardless of the outcome of the vote, as he faced a massive tax bill on share options that were awarded to him in 2012 and set to expire in August 2022. In order to exercise the options, he is required to pay tax on the gain. Tesla shares have risen by more than 20,000% in the past 10 years.
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- by travelandtourworld
- descember 09, 2016
Madame Theodore's Floral Academy for Wayward Travelers: A Stunning New Public Art Installation in San Francisco's Union Square
Union Square’s latest attraction, Madame Theodore’s Floral Academy for Wayward Travelers, is set to captivate visitors and art enthusiasts alike. Created by local artists Nicole Whitten and Carina Garciga Meyers in collaboration with the iconic Beacon Grand hotel, this floral-inspired installation transforms a historic corner of San Francisco into a must-see attraction. Blending the thrill of discovery with the beauty of botanical artistry, this installation offers travelers a unique glimpse into San Francisco’s artistic spirit.
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