SpaceX, Tesla CEO Elon Musk Says His He Will Pay Over $11 Billion in Taxes for 2021

By  //  December 21, 2021

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payment could be the largest ever for the IRS

(Fox News) – Elon Musk, the CEO of Tesla and the occasional world’s richest man, took to Twitter late Sunday to inform followers that he will be spending more in taxes this year than some countries make an entire year.

“For those wondering, I will pay over $11 billion in taxes this year,” Musk tweeted. Tesla did not immediately respond to an after-hours email from Fox Business.

Bloomberg News reported that he could face a bill of more than $10 billion if he exercises his options due to expire next year. The report said it could be the largest individual payment to the Internal Revenue Service.

Nasdaq recently published a report that listed countries with the projected lowest gross domestic product in 2021.

If Musk’s tweet is to be believed, his check will be larger than the GDPs in Burundi, South Sudan, Somalia, and just shy of Mozambique’s projected $13.96 billion in 2021.

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