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Elon Musk says he will pay $11B in taxes this year

Musk made the claim in a tweet on Sunday.

AUSTIN, Texas — Tesla CEO Elon Musk says he'll pay more than $11 billion in taxes this year, according to a tweet he sent on Sunday

Musk's comment comes after a spat he had with Sen. Elizabeth Warren (D-Massachusetts) on Twitter. Warren accused Musk of not paying enough taxes. 

"Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else," Warren tweeted.

Musk told Warren last week to "stop projecting" and called her “Senator Karen." 

According to a ProPublica investigation published in June, Musk allegedly paid "little or no income tax in recent years." Between 2014 and 2018, the eccentric billionaire paid a total of $455 million in federal income taxes even as his personal wealth rose by more than $13 billion. In 2018, Musk paid no income taxes at all, according to the report.

In his response to Warren, Musk proclaimed he will pay “more taxes than any American in history this year.” 

According to Forbes' real-time billionaires list, Musk is reportedly the richest person in the world with a net worth of $236.8 billion. He overtook the top spot from Amazon CEO Jeff Bezos, who was reported as the richest person in the world on Forbes' World Billionaires List released in April.

Over the recent months, Musk has been selling billions worth of Tesla stock. Forbes reports Musk has sold nearly $13 billion worth of Tesla stock in 2021 as of Dec. 13.

Earlier this month, Musk was named TIME's 2021 Person of the Year. At the beginning of this month, Tesla officially moved its headquarters to the Austin area, filing an 8-K form with the U.S. Securities and Exchange Commission to relocate its corporate headquarters to the site of its Gigafactory at 13101 Harold Green Road in Austin. 

Signage for Harold Green Road at the Tesla site has already been placed calling it "Tesla Road," even though that name has not been officially changed. 


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