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Delivering on the promise of "not owning any property" Musk can avoid taxes by selling his last property by $2.5 billion

Recently, Musk sold his last mansion in California for $30 million, delivering on a promise he said last year that he would "not own any property." Musk has previously said he did so for freedom and that wealth felt oppressive. However, many people speculate that this move is actually to avoid taxes, because he is no longer a California resident without real estate in California, so he can avoid California's personal income tax and capital gains tax, according to Insider, this move can save him $2.5 billion. While getting out of the shackles of real estate, Musk's brain science research has also seen some positive developments.

On Monday, Musk said in a live interview that his brain-computer interface technology company Neuralink will launch its first "human trial" in 2022 to test the performance of the company's human implanted chip, the ultimate goal of which is to perfectly integrate human consciousness with machine intelligence, but previous animal tests and planned human trials have caused many moral and ethical controversies.

Delivering on the promise of "not owning any property" Musk can avoid taxes by selling his last property by $2.5 billion

Source: CCTV Quick Look

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