ilmscore | Prediction Details
"Elon Musk is probably the most popular example of this in action because he built Tesla but while he was building Tesla for a number of years he never paid himself a salary... he was paid not in dollars but in stock options... instead of actually selling his stock and having this cash come into his bank account from the sale that would be taxable what he did was he went to the bank and he told him hey I have the stock worth a million dollar just for example give me a loan for $100,000"
By Minority Mindset | June 9, 2024 | Pending
From video
How Rich People Use Debt & Taxes To Get Rich(er) 00:05:31 - 00:06:46
Interpreted Prediction
Elon Musk paid no taxes for years by not taking a salary but receiving stock options, then borrowing against the value of those options instead of selling them.

Prediction Details

Topic
Elon Musk's Tax Strategy

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