Looming $15Bln Tax Bill Is What Drove Elon Musk to Consider Selling Stock – Report

Nov 7, 2021 | EARNINGS

Discussions on Capitol Hill about imposing a so-called ”wealth tax” have apparently triggered fears among the wealthiest Americans. The tax does not target the income of billionaires, but their assets, with the revenue intended to help finance the Biden administration’s social and economic agenda, such as childcare and environmental initiatives.

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