What does that matter? He doesn’t take wages intentionally. He has a large stock portfolio that he can borrow against and thereby pay no taxes on that “income”.
That actually almost seems worse. He is not paying into Social Security or his local community. He is being generously compensated on stock, which is taxed differently.
Edit: I do want to thank you for providing that link. I was only finding a Forbes article about him being the highest compensated CEO of that year.
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What does that matter? He doesn’t take wages intentionally. He has a large stock portfolio that he can borrow against and thereby pay no taxes on that “income”.
What did Elon get paid, excluding stock options at companies he works for?
I bet he still makes more than me.
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That actually almost seems worse. He is not paying into Social Security or his local community. He is being generously compensated on stock, which is taxed differently.
Edit: I do want to thank you for providing that link. I was only finding a Forbes article about him being the highest compensated CEO of that year.
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Borrowing against stock needs to stop yesterday, especially if it’s not specifically for the interests of the company whose stock is being used.