#Musk #[Seeing Via's 1.3 billion tax refund, Musk is envious, Musk wants to immigrate to do Chinese?] It turned out that Musk still worked for the government in the end, and he would have to pay hundreds of billions of dollars in taxes in the future! No wonder he was so angry that he scolded the senator.
Musk currently has two stock option awards for Tesla, one of which was acquired in 2012 with 22.8 million shares, the part that is now exercisable, and which will expire in 2022. The other, which was obtained in the CEO compensation plan developed in 2018, is about 101 million shares and is due in 2028.
It's just that when Musk exercised the first 22.8 million shares of options, Tesla's headquarters was still in California, so the tax rate is now relatively high, including 37% federal tax, 13.3% California tax, 1.45% Health Insurance, 0.9% Medicare supplement, a total of 52.65%, which is the top tax rate that Musk raised in the interview of nearly 53%.
Assuming tesla's average stock price is $1,050 at the time of exercise, then 22.8 million shares exercised would require $12.6 billion in taxes! So why is Musk going to reduce his holdings of 10% to about 17 million shares of Tesla stock, if he does not reduce his holdings, Musk simply does not have the funds to pay this tax.
And that's just the beginning, the real highlight is the second 101 million options. Although Tesla's headquarters has moved to Texas and can be exempted from California's 13.3% state tax, it is likely that the future will pass the AGI additional tax bill, which will impose a 5% surcharge on AGI over $10 million, and a 3% surcharge on more than $25 million AGI, then Musk will also have to pay a tax rate of 47.35% when exercising his rights in the future, and if Tesla does not move out of California, the tax rate will be as high as 60.65%, which is very amazing!
Still, at Tesla's pace, the stock price is likely to reach $5,000 by 2028, and Musk will pay $239 billion in taxes when he exercises 101 million options! And the higher Tesla's stock price, the more taxes Musk will have to pay, no matter how you look at it, it will be an astronomical amount in 2028!
More critically, the government can also levy a 40% inheritance tax, which means that 69.42% of the 101 million shares exercised by Musk will eventually fall into the government tax, and if the government raises the inheritance tax in the future, the proportion will be higher.
Therefore, after Paying tens of billions of dollars in taxes, Musk is already the most taxed individual in the United States this year, but the senator still says that Musk did not pay taxes, can Musk not be angry? Is it difficult for Musk Tolk to work?
Therefore, why are so many rich people in the United States willing to donate stocks for charity, and they are not happy to pay such a high tax for any rich man.
Yesterday Musk said: "Maybe I have a part of Chinese!" It seems that musk is really envious when he sees that Via only needs to pay 1.3 billion in taxes, knowing that he has paid $11 billion in taxes in the United States this year.
I said last time that Musk may immigrate to China, and now it seems that Musk really has plans to do "Chinese"! #Revenue billions is what kind of experience ##薇娅偷逃税被追缴并处罚款13.41 billion #
