@jeff sorry for being mean but Elon musk is one of my favorite people in the world
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he actually donated $5.7 billion last year
see the chart at the bottom of this article
im pretty sure if you donate to charity you get tax deductions
elon musk made ~100B dollars last year
income tax for his tax bracket is ~37% which would be 37B
5.7B < 37B
correct me if i am wrong
there is a difference between worth and income
Worth is the total value of all your assets minus debt. For Elon, that’s about $250 billion, mostly from stock.
But liquid assets are money that you can spend immediately, and Elon has very little of that. In fact, he is kind of poor when it comes to liquid assets, and only has a $45,000 house
That $11 billion in taxes was quite a lot, he probably could not pay it with his liquid assets and likely had to sell some of his stock