Elon Musk says he will pay 11 billion dollars in taxes this 2021

Elon Musk is critical of the proposal for new taxes on billionaires and shows it by ensuring that he is the ‘highest paying person in the world’.


Elon Musk has assured that he will pay 11 billion dollars in taxes this year.

The CEO of Tesla and SpaceX will make what has been called “the largest tax payment in the history of the United States”, which has been corroborated by media such as NBC .

Musk, who is estimated to be the richest man in the world at $ 244 billion , made the revelation in a tweet.

Despite the criticism

Musk has made it public because he is frequently criticized by US congressmen.

When last week Senator Elizabeth Warren criticized “Times” magazine for choosing Musk as “man of the year” , the businessman responded to the Democratic policy with a tweet: “This year I will pay more taxes than any American in history” .

According to specialized media, Musk finances his lifestyle with loans he obtains using his shares in Tesla as collateral, which allows him to reduce what he pays in taxes.

This year, the journalistic organization ProPublica published a report in which it said that Musk paid $ 455 million in taxes between 2014 and 2018 even though his assets increased in that period to $ 13.9 billion. And in 2018, the businessman did not pay federal taxes.

In 2020, Musk already changed his official residence from Los Angeles, where he had lived for the past 20 years, to Austin, Texas. The change of residence allowed Musk to significantly reduce the taxes he pays.

Musk has also been the target of criticism from members of the UN, who have pointed out that part of his wealth can eliminate hunger in the world . The eccentric character asked them for a precise plan to carry it out and, if they convinced him, he would add the money himself.