Alon Musk, the sale of the shares and the reason he barely pays taxes

Recently, criticism has been leveled at some of the richest people in the world. The argument – they do not pay enough taxes. One of those to whom the criticism was directed is Oak Musk. To understand why taxes should be explained: Taxes paid on profit – the amount of money we received. When a company profits from the sale of products it pays corporation tax. Individuals pay tax when they receive a salary, dividend, interest. Value gains are taxed only at the moment of exercise, as long as the earnings “on paper” do not pay tax.