General Discussion

WarGamer

(18,878 posts)

21. Sure.

Tue Oct 8, 2024, 04:06 PM

Oct 2024

Asset Based Loans

Musk can take loans using his TSLA shares as collateral.

He knows he needs to sell shares every few years when he needs to pay massive taxes on his exercising stock options.

He just specifies the loan term he wants...

He might not even make payments. Might be a 5y balloon payment?

Then down the road when he's forced to sell shares he will pay off his loans.

If you have NO INCOME and don't sell any shares... you have NO income and can technically pay ZERO tax.

Musk has a number of years where he's paid ZERO.

Call it kicking the can down the road... but the richest man in the world can pay ZERO taxes in a year.

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Farmer-Rick

23 replies

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Highlight:

Elizabeth Warrren triggered Musk with "Tax Musk & Bezos"...that's how we got so "bouncy" [View all] Miles Archer Oct 2024 OP

musk is trying to be the next trump southmost Oct 2024 #1

It's a "selling point" to the MAGAts in THIS election. Miles Archer Oct 2024 #2

You grok well. (n/t) OldBaldy1701E Oct 2024 #5

He cannot be President WA-03 Democrat Oct 2024 #18

Eloon acts like an adolescent boy. Will he ever grow up? ms liberty Oct 2024 #3

He acts like a spoiled brat. OldBaldy1701E Oct 2024 #7

IRS Blue for the win Oct 2024 #4

I repeat the rich are the biggest Welfare Queens in the nation Stargazer99 Oct 2024 #6

Musk needs to be stripped of citizenship RJ_MacReady Oct 2024 #8

I don't know if you understand the irony in what you wrote. WarGamer Oct 2024 #11

is this a joke? RJ_MacReady Oct 2024 #12

I'm talking about the reaction you proposed. WarGamer Oct 2024 #13

Actually, there are current laws that allow for deportation Farmer-Rick Oct 2024 #17

The political opponent he supports spouts hitler-ian nazi-like threats dehumanizing Justice matters. Oct 2024 #15

Has he broken any laws? WarGamer Oct 2024 #16

He's a vindictive little *****, too. Duncan Grant Oct 2024 #9

And a drug addict just like his hero. #dorkmaga littlemissmartypants Oct 2024 #14

Senator Warren is right of course. WarGamer Oct 2024 #10

Logic out for me how you can avoid taxes by Farmer-Rick Oct 2024 #20

Sure. WarGamer Oct 2024 #21

Ohhh, Farmer-Rick Oct 2024 #22

Eat the rich multigraincracker Oct 2024 #19

Sen Warren is in a battle of wits with an unarmed man Generic Brad Oct 2024 #23