It started with a Twitter poll.
And now a billionaire CEO will need to pay his taxes.
On Saturday,TV Series Archives Nov. 6, Elon Musk decided to pose a questionto social media platform's users. Should Musk, the co-founder and CEO of the electric car company Tesla, sell off 10 percent of his Tesla stock?
This Tweet is currently unavailable. It might be loading or has been removed.
Now, this wasn't just another meaningless 24-hour Twitter poll to gauge public opinion. Musk said up front that there were consequences to this poll. The billionaire had promisedto "abide by the results of this poll, whichever way it goes."
Now that the poll has ended 24 hours later, we have our answer: 57.9% of the more than three and a half million Twitter users who voted said "yes."
The reason for the poll, according to Musk, was in response to a policy being floated around to "tax unrealized gains." Treasury Secretary Janet Yellen has recently discussedit and a proposal for such a "Billionaires Income Tax" has been introduced by Senator Ron Wyden (D-OR).
Musk has publicly opposedplans to tax unrealized gains. The proposal would basically tax very wealthy people on the increased value of their stock holdings, even if they don't sell the assets off.
Taxing unrealized gains would essentially close a loophole that billionaires utilize to avoid paying income taxes. Instead of selling their stocks and paying taxes, they accumulate their wealth by borrowingagainst their assets.
This Tweet is currently unavailable. It might be loading or has been removed.
In fact, as ProPublica's Jesse Eisinger notes, Musk confirms this in one of the tweetsconnected to his poll.
"Note, I do not take a cash salary or bonus from anywhere," Musk tweeted. "I only have stock, thus the only way for me to pay taxes personally is to sell stock."
Senator Wyden, the Congressperson behind the Billionaires Income Tax proposal is not soldon Musk's Twitter stunt.
This Tweet is currently unavailable. It might be loading or has been removed.
"Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll," the senator tweeted. "It’s time for the Billionaires Income Tax."
And, as The Vergepoints out. Musk has floated the idea of selling some of his Tesla stock before due to expiring stock options. So, while Musk might actually follow through and sell off 10 percent of his Tesla stock, the Twitter poll may not have much to do with it.
However, what is interesting is how Musk posed his question. Whether it was intentional or not, the billionaire really ended up asking if he should pay his income taxes.
And the Twitter masses responded with a resounding "yes."
We will update this post with Elon Musk's response now that the poll has ended.
Topics Social Media Tesla X/Twitter Elon Musk
Put Me In, Coach!
This Jeff Goldblum shower curtain will take your bathroom to the next level
'I Love That for You': Why is Patricia obsessed with Rolos?
Screaming sausage videos are a thing, apparently
How to Settle Down with Dystopia
A guide to effectively getting rid of used books
TikTok is going LIVE, with Twitch
Apple to allow apps to automatically raise subscription price
This fat bear's before and after photos are stunning
In wake of Western sanctions, Russia can't seem to stop cyber attacks
Put Me In, Coach!
This political ad has the best surprise ending of, uh, all time
The iPod touch is officially dead, but which iPod models are obsolete?
Brave lil' raccoon climbs up tall building, jumps off, survives
The Anatomy of Liberal Melancholy
Ridiculous dudes hold Fenway Park banner hostage, and it's the most Boston thing ever
Snapchat releases deeply integrated voter registration portal
Chrissy Teigen reveals we've been saying her name wrong this entire time
Hurricane Laura's impact lingered with nightmarish mosquito swarms
An investigation: Does Harry Styles really dress like Gonzo from 'The Muppet Show'?
The Benjamin Button camera captures every moment of your child's lifeFacebook users can now archive or trash old posts in bulkJohn Oliver's deep dive into the police is as grim as it is eyeJack Dorsey calls out Trump on Twitter over video copyrightElon Musk tweets 'time to break up Amazon' in defense of coronavirus skepticThe Pope did not appear that thrilled to meet Justin TrudeauMassive crowds gather around the world to march for George FloydDon't want to get caught watching porn? This device could help.Google says China and Iran tried to hack Biden and Trump's campaigns'Rainbow graduation' gives LGBTQ students a moment to shine'I May Destroy You' is a defining moment for onTeen fashionistas slay in their handmade Planned Parenthood dressesGood dog sits on editorial board of 7 bad medical journalsIBM pulls its facial recognition software from law enforcement useMassive crowds gather around the world to march for George FloydYour cat will be flying in style in this new spaceshipNot to feet shame or anything but Shaq's toes are really grossGoogle Nest WiFi vs. TPGoogle says China and Iran tried to hack Biden and Trump's campaignsYelp to add tool to make it easier to find black Paper artist transforms historical landmarks into silly scenes Elon Musk wants to merge your brain with computers Fitbit Alta HR Review: Good tracking, but lacks actionable insights Amazon's Kindle is currently a bargain for Prime members How Microsoft helped British authorities after the London attack The story behind the viral picture of a young woman's arrest in Russia I took the solar eclipse flight. Here's my journey at 30,000 feet. The internet is very confused by this shirt at the Trump Tower gift shop Tinder scammers fool 30 men into sending money over Snoop Dogg will induct Tupac Shakur into the Rock and Roll Hall of Fame How to turn off 'Chat Heads' in Facebook Messenger Trump's self Chrissy Teigen is just now discovering that no one thinks John Legend sucks India TV Chelsea Clinton shares 4 inspiring tips for young activists in the Trump era 'Stranger Things' star Millie Bobby Brown is taking a much 'True Detective' just gave us hope that Season 3 might be good Will Smith and the 'Fresh Prince of Bel Stop working like a sucker and get paid to build Lego models instead 10 movie adaptations that totally didn't suck
2.6797s , 8223.96875 kb
Copyright © 2025 Powered by 【TV Series Archives】,Exquisite Information Network