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Elon Musk would have paid $4.6 billion in 2020 under Warren’s wealth tax proposal, data shows

Elon Musk

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Elon Musk would have paid $4.6 billion in 2020 under proposals for an “ultra-millionaire” tax, data from tax groups shows.

Sen. Elizabeth Warren of Massachusetts proposed the Ultra-Millionaire Tax Act Monday. It would apply an annual 2% tax on individual net worth between $50 million and $1 billion, or 3% on net worth above $1 billion.

If this tax had been in place in 2020, Musk would have paid the second most of all Americans, beaten only by departing Amazon CEO Jeff Bezos, Americans for Tax Fairness (ATF) and the details ⇒

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