Elon Musk is already facing the federal government Tax bill over $ 3.5 billion About exercising Tesla stock options.It would have been bigger if the company’s stock price hadn’t fallen later. He tweeted about the sale of shares..
Equity fluctuations have an economic impact on the US government, Mr. Musk, and Tesla. Lower stock prices not only reduce the taxes that Tesla’s CEO pays to the US government in the short term, but also reduce the total potential taxes associated with those shares if they are sold in the future.Such subsequent sales may not be taxed by California because of Mr. Musk. Last year he moved his residence to Texas..
Elon Musk’s tax bill on stock options fell with Tesla’s share price
Source link Elon Musk’s tax bill on stock options fell with Tesla’s share price