Elon Musk Has An $11 Billion Tax Bill, But Tesla Will Pay Exactly $0 In Federal Taxes Despite Record Profits | Carscoops carscoops
analysts who have poured over the books insist that, despite what the tax filings say, Tesla’s profits have originated from both home and overseas.Regardless of any debate surrounding where exactly Tesla’s profits have originated from, the fact of the matter is, the automaker doesn’t need to worry too much about future gains being taxed for some time., and Chrysler in the past have used to their advantage.
Meanwhile, Tesla CEO Elon Musk is reported to have paid no income tax in 2018. This is because he doesn’t earn a salary from Tesla. Musk’s recent tax bill was due to stock trades, with him having tobefore they expired. But unless Congress passes some proposal to tax the rich on their net worth rather than their income, Musk may not have to face another federal tax bill until 2028, when his next round of stock options are scheduled to expire.
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