What does that matter? He doesn’t take wages intentionally. He has a large stock portfolio that he can borrow against and thereby pay no taxes on that “income”.
That actually almost seems worse. He is not paying into Social Security or his local community. He is being generously compensated on stock, which is taxed differently.
Edit: I do want to thank you for providing that link. I was only finding a Forbes article about him being the highest compensated CEO of that year.
He’s paying in the local community through property taxes.
He’s highly compensated through stock and when he bought twitter. We got some huge amount of money in Taxes.
You’re correct. He rarely pays into social but that’s a problem for Congress to solve.
There are many ways to solve this bullshit and one is not allow them to borrow against their stock. That’s how they live for so cheap. I’m not opposed to stopping that at all.
That’s the thing people don’t get. The ultra wealthy are wealthy on paper.
On an average years. All of us make more than Elon in wages.
What does that matter? He doesn’t take wages intentionally. He has a large stock portfolio that he can borrow against and thereby pay no taxes on that “income”.
What did Elon get paid, excluding stock options at companies he works for?
I bet he still makes more than me.
Most years under 30k. Often a dollar or free.
https://amp.cnn.com/cnn/2023/02/20/investing/elon-musk-pay/index.html
That actually almost seems worse. He is not paying into Social Security or his local community. He is being generously compensated on stock, which is taxed differently.
Edit: I do want to thank you for providing that link. I was only finding a Forbes article about him being the highest compensated CEO of that year.
He’s paying in the local community through property taxes.
He’s highly compensated through stock and when he bought twitter. We got some huge amount of money in Taxes.
You’re correct. He rarely pays into social but that’s a problem for Congress to solve.
There are many ways to solve this bullshit and one is not allow them to borrow against their stock. That’s how they live for so cheap. I’m not opposed to stopping that at all.
Borrowing against stock needs to stop yesterday, especially if it’s not specifically for the interests of the company whose stock is being used.