Elon Musk set to pay $11 billion in tax for 2021

Published

2 years ago

December 21, 2021

Anthony Lucas

The world’s richest person is set to fork out $11 billion in tax fees

Elon Musk, the world’s richest person, has tweeted he will pay $11bn USD in tax for this year.

The Tesla boss has been embroiled in a public debate on social media over how much tax he pays.

Earlier this week, Democratic Senator Elizabeth Warren tweeted that Mr Musk should stop “freeloading off everyone else”.

Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else. https://t.co/jqQxL9Run6
— Elizabeth Warren (@SenWarren) December 13, 2021

“For those wondering, I will pay over $11bn in taxes this year,” the billionaire responded.

For those wondering, I will pay over $11 billion in taxes this year
— Elon Musk (@elonmusk) December 20, 2021

The Bloomberg Billionaires Index puts Musk’s wealth at $243 billion, while his electric car business is worth around $1 trillion and SpaceX is worth $100 billion.

Last week, Mr Musk was named Time Magazine’s Person of the Year.

That prompted Senator Warren to tweet: “Let’s change the rigged tax code so ‘The Person of the Year’ will actually pay taxes and stop freeloading off everyone else.”

How Google’s Gemini AI will stand against cyber threats

Published

19 hours ago

May 8, 2024

ticker NEWS

AI takes centre stage at the RSA 2024 conference with Google unveiling advanced cybersecurity integration.

Among the myriad of announcements at this years RSA Conference, Google showcased the integration of an advanced Threat Intelligence Platform into its Gemini AI framework.

Tom Finnigan from Talkingbrands.ai joins from the RSA Conference to discuss. #featured #trending

Will Australia’s foreign investment rule create an economic boost?

Published

19 hours ago

May 8, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

News

Can AI revolutionise the fashion industry?

Published

20 hours ago

May 8, 2024

Nathan Langridge

OpenAI took centre stage at this year’s Met Gala exhibition, offering a glimpse into the future of fashion and innovation.

This years exhibition theme “Sleeping Beauties: Reawakening Fashion,” will include a chatbot linked to a 1930s wedding gown worn by New York socialite Natalie Potter.

Karen Sutherland from the the University of the Sunshine Coast joins to discuss. #featured #trending