What’s behind Musk’s hefty tax bill? - The Hustle
The Hustle

What’s behind Musk’s hefty tax bill?

It has to do with stock options. Lots and lots of stock options.

Visual: Singdhi Sokpo

This year, me (Jacob) and Elon Musk will be paying a combined $11B+ in taxes.

Musk has a net worth of ~$243B, nearly all of it tied up in ownership of Tesla and SpaceX.

The reasoning for the hefty bill is as follows:

All told, it’s gonna be one hefty payment.

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