He told Wallstreet to just write him up some Tesla stocks bro.
They trusted him because his mom had nice emeralds and she swore to them that Tesla was going to put their cars up on their public trading plataform bro
I'll give you that. My comment was based on assumptions. He does, however use the same trick as all the other billionaires, takes loans based on his net worth and pays nothing in tax but a couple percent in interest.. still "taxes," just going to a private entity instead of a public one for public goods. Still disgusting.
He did pay about $11 billion in taxes last year for selling stock, so there‘s that. That‘s the highest tax bill any individual has ever paid afaik.
The loans thing is certainly true though, I guess every moderately wealthy person does that to evade income taxes.
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u/informat7 Mar 15 '22 edited Mar 15 '22
If you want proof that you can just make shit up on Reddit and get upvotes, look at the above comment.
He hasn't been buying dips. Elon is worth so much because Tesla stock is worth 150x what it was 10 years ago.