Business mogul, Elon Musk tweeted that he has decided to sell the last of the homes he owns a week after a report said he and other billionaires paid little or no income taxes for several years.
Tesla’s boss tweeted this month that he has only one house in the San Francisco Bay area that is rented out for events and that if he sold, it “would see less use unless bought by a big family, which might happen someday”.
An IRS official said last week that the disclosure of the data for billionaires including Bloomberg founder Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, has been referred to Federal Bureau of Investigation investigators as reported by Financial Review.
After the ProPublica report, Musk tweeted that he will keep paying income taxes in California in proportion with his time in the state, which he said will be significant. Also, Musk said Tesla would allow transactions in bitcoin once mining is done with more clean energy.
Musk’s tweet followed last week’s unveiling of the Model S Plaid, Tesla’s fastest production car yet, with a 0 to 96.6km/h time of under two seconds. Also, Musk said Tesla would allow transactions in bitcoin once mining is done with more clean energy. Musk’s tweet followed last week’s unveiling of the Model S Plaid, Tesla’s fastest production car yet, with a 0 to 96.6km/h time of under two seconds.