The head of Tesla and SpaceX, Elon Musk, has long mastered the convenient asset of big capital: stocks that give access to money even before the sale. At the end of August 2020, his debt, together with personal trust loans to 3 banks, amounted to approximately 504 million dollars. Tesla disclosed the amounts in its prospectus to the US Securities and Exchange Commission. The loans were backed by property, including pledged shares. The bank already recognized him as bankrupt, and receiving a loan left the income tax aside.
US law allows wealth to grow faster than taxable income. As long as the owner holds the increased price of the package, the profit from its sale remains a future event. Even the notional rate of 98% only applies after this event has occurred. Affordable credit allows you to push it back, preserve the shares and further profits from their growth. One rate increase increases the value of the expectation for whom the bank agrees to finance this expectation.
A 2021 ProPublica investigation brought this difference into graphic relief. Amazon founder Jeff Bezos' federal income taxes from 2014 to 2018 amounted to less than 1% of his wealth growth. This is the ratio between payments and growth in wealth, including unsold assets. In the same publication, Musk's tax is listed as $68,000 for 2015, $65,000 for 2017 and $0 for 2018. Statement income and the ability to manage billions of lives on different watches.
יש להחזיר את ההלוואה. מכירת מניות מוערכות לפדיון יוצרת רווח חייב במס; החזרת סכום הקרן של חוב אישי אינה מקנה ניכוי. הלוואה חדשה יכולה לעזור להאריך את הדחייה אם המלווה יסכים לספק אותה. הריבית אוכלת חלק מהתועלת, וירידה בשערים יכולה לאלץ את הבעלים למכור את ניירות הערך. זה בדיוק הסיכון שממנו הזהירה טסלה באותו תשקיף. הבנקים מקצה מועדים משלהם ללווה, והסכם איתם עשוי להתברר כתובעני יותר מלוח המס.
In 2021, Musk faces another deadline.