I paid highest individual tax in U.S. history- Elon Musk

Elon Musk
Elon MuskInsider

Entrepreneur and business magnate, Elon Musk, on Sunday tweeted that he holds the trophy for the highest individual taxpayer in history of the United States.

He made the claim in response to Senator Elizabeth Warren (D-Mass.) accusation that he pays zero taxes.

Warren made the claim in a CNN interview.

“You know how much he paid in taxes? One of the richest people in the world? Zero,” Warren said.

She added that Musk and Amazon founder, Jeff Bezos, manage to avoid doing so by using stocks as a workaround.

“And they do this because they’re only being taxed on income. They very cleverly make sure they have no official income,” she added.

In a swift reaction to the allegation, Musk refuted the Massachusetts senator’s claims, saying he not only pays taxes but made history with his tax payments last year.

Musk owed $11 billion in taxes before trading Tesla shares to fulfill his civic duty.

“Will visit IRS next time I’m in DC just to say hi, since I paid the most taxes ever in history for an individual last year,” he said in a tweet.

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