Billionaire Elon Musk took to Twitter to ask his 62.5 million followers whether he should sell 10 per cent of his Tesla stock. Known for his notorious tweets, this one did not come as a shock.
According to a Reuters report, Musk has previously said that he could face a "massive" tax bill this year as he has to exercise a large number of stock options coming due next year.
"Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock," Musk said on Twitter on Saturday.
"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," he said, referring to a "billionaires' tax" proposed by Democrats.
The Tesla CEO has criticized the proposal, which would affect 700 billionaires and impose taxes for long-term capital gains on tradable assets, whether or not they have been sold.
He said he will follow the results of the poll.
The poll received near 2 million responses in seven hours after he posted it, with 55 per cent of respondents approving the proposal to sell the shares.
The poll is scheduled to end around 3 pm ET (2000 GMT) on Sunday.
People took to the comments section of the post to express their opinion.
Musk's shareholding in Tesla comes to about 170.5 million shares and selling 10 per cent of his stock would amount to close to $21 billion.?
What do you think about this? Let us know in the comments.
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