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With Elon Musk moving to Texas, the world’s 3 richest people are set to pay a whopping $0 in state income taxes. Here’s why 9 US states don’t collect any income taxes.

Elon Musk

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Elon Musk has moved to Texas.

The Tesla and SpaceX CEO confirmed the news on Tuesday at a virtual conference hosted by The Wall Street Journal. “For myself, yes, I have moved to Texas,” Musk said, adding that SpaceX was developing its Starship spacecraft in South Texas and that construction of Giga Texas, a new Tesla manufacturing site in Austin, was under way.

These SpaceX and Tesla Texas developments, combined with Musk’s repeated threats to leave California this year, had spurred months of speculation that Musk would move to Texas.

The move from details ⇒

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