Elon Musk's Taxes Were Just About Enough To Cover GM's Bailout

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Elon Musk's Taxes Were Just About Enough To Cover GM's Bailout
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  • 📰 cleantechnica
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Elon Musk's 2021 taxes were just about enough to pay back General Motors' bailout. Reuters reported that the US government lost $11.2 billion

The only reason I didn’t pay federal tax in 2018 is because I *overpaid* in 2017! Since they stole my tax records, they actually know that.Elon’s taxes are a hot topic on Twitter and many of the critics that interact with me believe lies and misinformation about whether or not Elon Musk pays his taxes. He does, actually, pay taxes, and in some cases he overpays. One example of this is in 2017 when he overpaid in taxes to the point where he didn’t owe anything in 2018.

Now, I’m not saying that’s exactly what happened, but the idea puts my mind at ease. Especially since GM is focusing somewhat on EVs now — even if only to beat Tesla or to survive.It’s pretty sad that many people are taught to see that owning shares in a company means that you are extremely wealthy and are simply robbing the poor. I genuinely feel as if the American education system is sort of to blame for this.

I have seen so many comments to my own tweets spreading this type of distorted misinformation about Elon Musk, ranging from comments about blood diamonds to never paying taxes, and when you correct the misinformation you’re accused of extreme sexual acts. I see a lot of this on Twitter.

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