Tesla Master Thread

[EJB]

Its good for his company, for sure. And in that sense it's good for him.

Is it good for the country? I'm not sure. Would he be less innovative if he paid some taxes?

But my point is about his statement that he'd need to sell stock to pay taxes given that he doesnt take a salary or cash bonus.

[yesitsme]

Its good for his company, for sure. And in that sense it's good for him.

Is it good for the country? I'm not sure. Would he be less innovative if he paid some taxes?

But my point is about his statement that he'd need to sell stock to pay taxes given that he doesnt take a salary or cash bonus.

good for company has a snowball affect, much more then government entitlements

[EJB]

good for company has a snowball affect, much more then government entitlements

Yes, it is true if you believe all govt is bad, no reason for companies to pay any taxes bc they’ll do more good with their money then the govt.

[yesitsme]

Yes, it is true if you believe all govt is bad, no reason for companies to pay any taxes bc they’ll do more good with their money then the govt.

I was referring to the fact that he is not taking a salary which results him not to pay personal taxes

I think everyone agrees that if you shouldn't be required by law to pay taxes on money you don't earn

I believe he does need to pay taxes on capital gains from stocks (I don't know much about stocks)

My question was would it be better for him to take a salary and pay a percentage of it for taxes, or not take a salary and not pay taxes

I believe the later is true

I didn't say he should take a salary and not pay taxes

[yesitsme]

How must have some source of income otherwise how does he pay his bills?

[Shmulie]

How must have some source of income otherwise how does he pay his bills?

probably borrows against his large stock holdings

[yesitsme]

probably borrows against his large stock holdings

And doesn't pay them back? Or he sells some shares and pays taxes
Or could be he qualifies for snap and section eight

[yuneeq]

How must have some source of income otherwise how does he pay his bills?

Tesla isn’t his first business. He’s made a lot of money and doesn’t need an income.

[yesitsme]

Tesla isn’t his first business. He’s made a lot of money and doesn’t need an income.

So great I don't see a reason he should be required by law to pay additional taxes

[Shmulie]

And doesn't pay them back? Or he sells some shares and pays taxes
Or could be he qualifies for snap and section eight

Not exactly sure how it works about paying them back, could be it just grows until he eventually sells or dies

[EJB]

So great I don't see a reason he should be required by law to pay additional taxes

No ones saying he is required based on current law. The talk is about changing the law, and one option is to tax some ppls gains quicker, especially if they can borrow against the gains for immediate cash.

[yesitsme]

No ones saying he is required based on current law. The talk is about changing the law, and one option is to tax some ppls gains quicker, especially if they can borrow against the gains for immediate cash.

A d then pay again when they sell?

[EJB]

A d then pay again when they sell?

Hard to talk about hypotheticals but if Unrealized gains are taxed you generally won’t pay tax upon realization again.

[Realshlomo]

Hard to talk about hypotheticals but if Unrealized gains are taxed you generally won’t pay tax upon realization again.

And if you sell for losses you get the money back?

[yesitsme]

The suggested solution should be that the government can borrow against potential tax to be collected from unrealized gains

It will be Apple for Apple

[yesitsme]

https://twitter.com/elonmusk/status/1456796062593781761

[EJB]

And if you sell for losses you get the money back?

Yes, if not before you sell (when loss is unrealized)

[Shmulie]

https://www.twitter.com/elonmusk/status/1457066048944066565

Interesting how his brother sold 15% of his holdings yesterday...

[aygart]

Interesting how his brother sold 15% of his holdings yesterday...

Him selling that many shares will bring the price down even if it may only be temporary.

[Ergel]

And doesn't pay them back? Or he sells some shares and pays taxes
Or could be he qualifies for snap and section eight

Borrows more money to pay back his original loans וחזרה חלילה