• Dem Bosain@midwest.social
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    6 months ago

    Elon Musk just got “paid” $46 billion worth of stock in Tesla.

    He should have to pay income tax on the value of the stock on the day he “took possession” of it.

    In 3 years, he says something on Twitter to pump the stock, and dumps a lot of it. He should have to pay tax (capital gains?) on the additional value of the stock that he sells.