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Elon Musk says he plans to invest money Democrats want to tax in missions to Mars

Juniper MaeBy Juniper MaeOctober 29, 2021No Comments2 Mins Read
Elon Musk says he plans to invest money Democrats want to tax in missions to Mars

Posted:

October 28, 2021, 17:05 GMT

Senators assess a 23.8% tax on profits held in large stock portfolios.

Elon Musk, the world’s richest person, has stated that he intends to use his money “to lead humanity to Mars and Preserves the light of consciousness“While Congress is considering taxing billionaires, the measure is first of all the responsibility of the CEO of SpaceX.

Musk’s comment was published on his Twitter account in response to a tweet by Washington Post reporter Christian Davenport, in which the journalist noted that the money Democrats are trying to raise from the South African-born businessman and second-richest person on Earth, Jeff Bezos, will reach the Red Planet mission.

My plan is to use the money to get humanity to Mars and keep the light of consciousness alive

– Elon Musk October 28, 2021

The reporter said that Musk will pay about 50 thousand dollars in the first five years because of that tax, while his competitor in space tourism will pay 44 thousand million.

Bloomberg Billionaires Index rated Musk’s fortune $292 billion And Bezos 196000 million.

"The richest person walking on the planet": Elon Musk makes $36.2 billion in profit in a single day from the Tesla and Hertz business

The draft is being prepared by Democratic senators will impose a 23.8% tax Unrealized capital gains — earnings held in large pools of stocks — for people with more than $1 billion in assets or who release income of more than $100 million in three years.

If the rule is approved, it will only affect several hundred taxpayers, and half of the tax will be paid by Top 10 Richest Citizensincluding Bill Gates, Mark Zuckerberg and Warren Buffett.

It is estimated that the tax will generate between $200,000 and $500,000 million in 10 years, which will go to the Joe Biden administration’s social spending program.

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Juniper Mae

Juniper Mae is a contributor at amicohoops.net, covering a wide range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is dedicated to delivering clear, accurate reporting and useful information that helps readers stay informed about current events and emerging trends. With a focus on relevance, balance, and accessibility, Juniper highlights stories that matter to everyday audiences, offering thoughtful coverage and insights on the issues shaping communities in the United States and beyond.

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