LogFAQs > #964563392

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Topic	Elon Musk purchases Twitter
red sox 777 04/25/22 5:01:38 PM #31:	TotallyNotMI posted... Isn't his big talking point 'my net value isn't real money so I can't pay taxes on it'? But now he's going to pay $45 billion for this? Just making sure I'm understanding! I think he's going to sell some Tesla shares, on which he'll need to pay taxes, and the rest he'll cover with a margin loan secured by other Tesla shares, on which he won't need to pay taxes yet because he hasn't realized income yet. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:964563392] in Elon Musk ... [t:79998586]...</cite> <quote>TotallyNotMI posted... </cite> <quote>Isn't his big talking point 'my net value isn't real money so I can't pay taxes on it'? But now he's going to pay $45 billion for this? Just making sure I'm understanding!</quote> I think he's going to sell some Tesla shares, on which he'll need to pay taxes, and the rest he'll cover with a margin loan secured by other Tesla shares, on which he won't need to pay taxes yet because he hasn't realized income yet. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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