Elon Musk trolls Bernie Sanders on Twitter

“I maintain forgetting you are still alive,” Musk tweeted Sunday morning, in response to Sanders tweeting that the extraordinarily rich ought to pay their justifiable share of taxes. CNN Enterprise has reached out to Sanders for remark.
“Need me to promote extra inventory, Bernie? Simply say the phrases…” Musk tweeted an hour later.

Musk ended the week promoting a grand whole of $6.9 billion value of Tesla shares. That solely amounted to lower than 4% of the shares he holds immediately, and fewer than 3% together with all of the choices he owns to purchase extra shares.

Musk actually qualifies beneath Sander’s description of “the extraordinarily rich” — he is the world’s richest particular person, having a internet value of $285 billion, in response to Bloomberg’s Billionaires Index.

Musk requested the Twitterverse final week if he ought to promote 10% of his Tesla holdings to pay taxes — 58% of voters in his ballot responded sure.

Nevertheless, it is uncertain that the outcomes of the Twitter ballot had been the primary motivation for final week’s inventory sale. Musk faces a looming tax invoice that shall be triggered by his have to train 22.9 million choices to buy shares earlier than subsequent August. That invoice could be practically $10 billion at present market costs.
Here's how Elon Musk's fortune has benefited from taxpayer help
He may additionally owe state earnings tax to California, which has a prime tax price of 13.3%. Although he has moved to Texas, which has no state earnings tax, he conceded in a latest tweet that he’ll nonetheless owe California state earnings taxes as a result of he nonetheless spends a whole lot of time working within the state.

Taxing excessive wealth is an enormous a part of Sander’s platform. Because the chair of the Senate’s funds committee, Sanders has proposed an annual tax on the highest 0.1 p.c of US households, which he claims will elevate about $4.35 trillion over the subsequent decade and minimize the wealth of billionaires in half over 15 years. He additionally desires to implement key enforcement insurance policies on the proposed wealth taxes.

Democrats had tried to impose a billionaires tax to fund President Joe Biden’s sweeping social security internet plan.

“Whether or not or not the world’s wealthiest man pays any taxes in any respect should not depend upon the outcomes of a Twitter ballot,” Sen. Ron Wyden of Oregon tweeted in response to Musk’s Twitter ballot. “It is time for the Billionaires Earnings Tax.”

CNN’s Chris Isidore contributed to this report.

CNN’s Chris Isidore contributed to this report.

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