$11 billion in taxes a year?! Musk, the world's richest man, revealed that he will become the most taxpayer in U.S. history

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On December 20, Musk, the world's richest man and founder of Tesla, said on social media that he would pay more than $11 billion in taxes this year.

According to real-time data from Bloomberg billionaires, Musk is still the richest man in the world, with a net worth of about $255 billion.

Musk's latest statement is not surprising. Recently, he has set off a war of words with Massachusetts Senator Elizabeth Warren over tax payments.

Previously, Musk was named "Person of the Year" by Time magazine, and as a result, he was violently attacked by Warren.

Warren argues that Musk doesn't pay taxes at all. Warren said on social media: "Let's change the rigged tax code so that the person of the year can really pay taxes." Warren also quoted a third party as saying that Musk paid zero federal income taxes in 2018, his average effective tax rate was only 3.27%, and his wealth exploded by $240 billion during the epidemic, most of which was tax-free.

Subsequently, Warren was met with a strong counterattack from Musk. The latter states, "If you open your eyes, I'm going to pay more taxes this year than any American in history." ”

Combining multiple media reports, Musk has sold nearly $13 billion worth of Tesla stock since October, and he is required to pay taxes for the shares sold. Musk will have to pay at least $7.6 billion in taxes in 2021, a figure that could reach as high as $15 billion, depending on how many more shares he sells this year.

According to media reports, Warren has always been a staunch supporter of wealth taxes, pushing for new tax measures aimed at billionaires like Musk. If the U.S. succeeds in passing a new tax law targeting billionaires, Musk could be required to pay more.

Editor: Wang Yin