In order to prevent billionaires from avoiding taxation in the USA, a legislative proposal to tax unrealized earnings has come to the fore. Elon Musk, who came to the fore with his posts on Twitter, started a survey on the platform on November 6th.
Thinking it would be a great idea to let the people on the platform decide whether to pay taxes or not, Musk said that he would comply no matter what the results were. More than 3 million 500 thousand users participated in the survey.
Will Elon Musk keep his word?
Elon Musk made a huge investment for that period, buying Tesla’s $22.8 million stock in 2012. Then, under the management of the businessman who sat in the CEO seat of the company, the value of Tesla reached up to 1 trillion dollars. Therefore, Musk’s shares have reached a value of billions of dollars.
However, Elon Musk announced that he did not receive any salary and bonus from the company except for this investment. Therefore, he said that it does not make much sense for the state to ask for a share of an intangible investment, since it has not yet been converted into cash. But more than 3 million people surveyed disagree.
After the survey concluded today, 57.9 percent of respondents said they should sell 10 percent of Tesla shares and pay taxes. On the other hand, 42.1 percent stated that the investment has not been finalized yet and they believe that when they sell some or all of their shares, they should pay tax on that amount.
https://twitter. com/elonmusk/status/1457064697782489088
Actually, Musk thinks like his users who voted no. Last month, he harshly criticized Senate Finance Chairman Ron Wyden’s proposal to tax unrealized gains on publicly traded assets. He said that this offer, which was actually made on Twitter, actually targeted the public, not billionaires.
According to Elon Musk, from cryptocurrencies to Wall Street stockbroking, the state wants to collect the taxes of many people before their long-term investments are finished, in which they throw billionaires in front of the public. However, if this law is approved, Musk will pay the tax, as Twitter users have determined.
Cryptocurrency exchanges that received the news started to rise!
It is almost certain that Elon Musk’s shares will be sold. After this situation, a great rise started in the crypto money market. As of this morning, Ethereum broke its own record by reaching an all-time high. Bitcoin also increased in a similar way and went above the $ 65 thousand band.
Of course, questions such as whether Musk will sell these shares to a specific person or turn them all into crypto money are still unclear. However, since his name is often mentioned with this market, every step he takes causes fluctuations there. Moreover, it should not be forgotten that the shares to be sold will go to tax debt. So it will not be sold to invest.
What do you think about this subject? Do you think an investment that has not yet been finalized should be taxed? Or should one’s assets not be given, even if they reach billions of dollars? Don’t forget to share your views with us in the comments!
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