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Beaverhausen

(24,701 posts)

57. Elon Musk has a $2.5 billion reason to move to Texas: avoiding California capital gains tax

Wed Dec 15, 2021, 01:11 PM

Dec 2021

https://www.businessinsider.com/why-did-elon-musk-move-texas-wealth-tax-capital-gains-2021-11

Elon Musk has made no secret of his desire to get out of California.

"Will own no house," he tweeted on May 1, 2020, before embarking on a selling spree to rid himself of several mansions in the Golden State. His destination: a $50,000 pre-fab tiny home in Texas. Earlier this year, he also moved his company Tesla from the west coast to the Lone Star state.

He has even lent money to at least five buyers who used the funds to purchase his properties in the state from him, according to property records viewed by Bloomberg.

One likely reason for the urgency is a looming tax liability following the sale of 10% of his Tesla shares – a move that he appeared to put to a vote on Twitter, but in reality had previously committed to in an SEC filing.

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Elon Musk calls Sen. Elizabeth Warren "Senator Karen" for calling out his not paying taxes [View all] tenderfoot Dec 2021 OP

He is such a goon discocrisco01 Dec 2021 #1

Remember this when you start college, kids. Yoyoyo77 Dec 2021 #23

Can we deport this tax-evading asshole, already? GoCubsGo Dec 2021 #2

He is a US citizen since 2002, so deportation is not going to happen Celerity Dec 2021 #46

I always wonder how a man who is so smart ColinC Dec 2021 #3

"Stupidity is not an intellectual deficit, but a moral one" - Bonheoffer Caliman73 Dec 2021 #58

Elon musk might be a racist. rockfordfile Dec 2021 #4

There's a history with Tesla, not sure about him personally but he sure is a petulant little TWAT tenderfoot Dec 2021 #6

F him Diamond_Dog Dec 2021 #5

Fucking scumbag Blecht Dec 2021 #7

Is that the best he's got? BootinUp Dec 2021 #8

Where's Inigo Montoya when you need him? nt Carlitos Brigante Dec 2021 #9

The more I hear about Musk, the more I dislike him. oasis Dec 2021 #10

Your Time Person of the Year, ladies and gentlemen.... Takket Dec 2021 #11

Time and Time again. dchill Dec 2021 #18

What a jackass. C_U_L8R Dec 2021 #12

Ok dude, you have no idea what a Karen is, do you? elias7 Dec 2021 #13

The female equivalent of an "Elon." dchill Dec 2021 #19

You know, this reminds me of why I hate the term "Karen." iemanja Dec 2021 #14

I was never a fan of the "karen" trend either tenderfoot Dec 2021 #16

"There is no corresponding label for men." Not so! Jedi Guy Dec 2021 #20

It almost never gets around iemanja Dec 2021 #21

Not once have I heard a man referred to as a "Ken" kcr Dec 2021 #33

Most people just call them "Male Karens" AncientAndy Dec 2021 #44

Exactly which I was trying to point out at the beginning of all this and roundly scolded and LizBeth Dec 2021 #53

Musk was even more harsh toward Bernie Polybius Dec 2021 #55

Probably because it's rarer Polybius Dec 2021 #59

Go figure my greatest issue was white male 40-60 physically threatening and intimidating an old LizBeth Dec 2021 #70

You're not a Karen at all Polybius Dec 2021 #72

Because you are so narrowly defining what a Karen is does not mean others do the same. LizBeth Dec 2021 #73

I'm sorry to hear that Polybius Dec 2021 #74

There is a lot of things directed toward women/girls people should be ashamed about. LizBeth Dec 2021 #75

He is a creep. boston bean Dec 2021 #15

Elon loves the sweet NASA money XRubicon Dec 2021 #17

Sen Warren needs to stay up-to-date regarding Musk taxes. Hoyt Dec 2021 #22

Ahem wellst0nev0ter Dec 2021 #25

Oligarchs. You're thinking of Russia? betsuni Dec 2021 #28

Well, they're not getting charged with tax evasion and a litany of other crimes ck4829 Dec 2021 #37

You're really defending Elon Musk? wellst0nev0ter Dec 2021 #39

LOL Am I reading this right? Answer the question. betsuni Dec 2021 #41

Yep, we should stop calling Musk a Russian oligarch wellst0nev0ter Dec 2021 #42

He's American. Do I have it right? This is the U.S. betsuni Dec 2021 #43

Yes, we are defending billionaires on DU wellst0nev0ter Dec 2021 #45

Nobody is. betsuni Dec 2021 #47

We can read perfectly fine wellst0nev0ter Dec 2021 #48

Well, unless you wanna pay more in taxes, we need more billionaires. Just tax them accordingly. Hoyt Dec 2021 #50

Orr, hear me out, the wealth could be spread out evenly wellst0nev0ter Dec 2021 #51

Never in my wildest fucking dreams... CrackityJones75 Dec 2021 #62

Well, Crackity, if you want healthcare, education, enhanced Social Security, etc., somebody has to Hoyt Dec 2021 #67

Rrrrrright. The ONLY way is have billionaires. CrackityJones75 Dec 2021 #69

Bwahahahahaha REALLY? CrackityJones75 Dec 2021 #61

Actually quite a bit. Caliman73 Dec 2021 #65

Elon Musk got millions in tax breaks to put a plant in Austin. Beaverhausen Dec 2021 #56

Austin must think it is worth it. I wouldn't move to Texas, but I suspect it will be good for state. Hoyt Dec 2021 #60

Elon Musk has a $2.5 billion reason to move to Texas: avoiding California capital gains tax Beaverhausen Dec 2021 #57

He's a pos that doesn't want to pay his taxes. While living in our country. rockfordfile Dec 2021 #64

Uh-oh, the Musk Fanbois here will get their tails in knots!!! Coventina Dec 2021 #24

Yep CrackityJones75 Dec 2021 #63

The arrogance of many rich people, including him mvd Dec 2021 #26

He sold his soul to greed you can't take it with you Tribetime Dec 2021 #27

And this, friends, is why Person of the Year isn't necessarily an honor. AngryOldDem Dec 2021 #29

"micro"dosing douchebag Dorian Gray Dec 2021 #30

God, I hate that little fucking wanker. smirkymonkey Dec 2021 #31

At least he didn't call her a pedophile like he did to those cave diving heroes. eShirl Dec 2021 #32

Sexism directed at Warren proves the sexism directed at Hillary. betsuni Dec 2021 #34

He's completely misusing that TheFarseer Dec 2021 #35

Musk needs an intervention HAB911 Dec 2021 #36

So, this tool wants to see class warfare go the other way, doesn't he? ck4829 Dec 2021 #38

Ok, I'm intrigued by what happened when Musk was a kid. yardwork Dec 2021 #40

The more Musk talks The Revolution Dec 2021 #49

Karen is used as just another way of dismissing a woman if she talks. I get what was intended. LizBeth Dec 2021 #52

"the term Karen, which is used to call out racist white women" Polybius Dec 2021 #54

It started on some incel site going after an X gf and a whole lots of guys LizBeth Dec 2021 #71

Need some of this do you Musk? Yo_Mama_Been_Loggin Dec 2021 #66

How exactly did Elon Musk not pay his taxes? BSdetect Dec 2021 #68