# Musk, figure out how to pay your own damn taxes **URL:** \ **Category:** The BBQ Pit\ **Created:** [November 7, 2021, 1:37pm UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935 "2021-11-07T13:37:15Z")\ **Posts on this page:** 14\ **Page:** 2
**Author:** ![Richard\_Pearse](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/richard_pearse/32/13144_2.png) [@Richard\_Pearse](https://boards.straightdope.com/u/Richard_Pearse)\ **Post date:** [November 8, 2021, 4:21am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/21 "2021-11-08T04:21:02Z")
Expensive. Mine come to around .004% ---
**Author:** ![Gatopescado](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gatopescado/32/5711_2.png) [@Gatopescado](https://boards.straightdope.com/u/Gatopescado)\ **Post date:** [November 8, 2021, 6:06am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/22 "2021-11-08T06:06:43Z")
I think he should put an Avocado pit in his rectum and hold it there till it sprouts. ---
**Author:** ![Princhester](https://avatars.discourse-cdn.com/v4/letter/p/3e96dc/32.png) [@Princhester](https://boards.straightdope.com/u/Princhester)\ **Post date:** [November 8, 2021, 7:50am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/23 "2021-11-08T07:50:31Z")
Rant fail. No evidence for the basic underlying premise ie that Musk does not know how to pay his taxes. ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [November 8, 2021, 10:53am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/24 "2021-11-08T10:53:34Z")
> [@Richard\_Pearse](#): > > Mine come to around .004% That would be $40 on a million dollar house. Probably you mean 0.4%? ---
**Author:** ![Cheesesteak](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/cheesesteak/32/3694_2.png) [@Cheesesteak](https://boards.straightdope.com/u/Cheesesteak)\ **Post date:** [November 8, 2021, 12:51pm UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/25 "2021-11-08T12:51:43Z")
> [@Saint\_Cad](#): > > If you are taxed on wealth and don’t have the cash to pay taxes (theoretically not an issue on income tax) then does the guv’ment expect you to sell your asset to pay the tax on it? The guv’ment DGAF what you do to get the money to pay your taxes. That’s you (personally) and you (as a collective term for every one of us). That also applies to all taxes, not just wealth taxes. If Musk had a big fancy house with a $100,000 tax bill, maybe he has to sell stock to pay it, or setup a GoFundMe so his fans can help him out. ---
**Author:** ![Pardel-Lux](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pardel-lux/32/20182_2.png) [@Pardel-Lux](https://boards.straightdope.com/u/Pardel-Lux)\ **Post date:** [November 8, 2021, 1:18pm UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/26 "2021-11-08T13:18:07Z")
Did I ever say that I love your posts? This one is one of the best. There is an image that will stay with me for a while. 🥑 ---
**Author:** ![bobot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bobot/32/21622_2.png) [@bobot](https://boards.straightdope.com/u/bobot)\ **Post date:** [November 8, 2021, 1:39pm UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/27 "2021-11-08T13:39:12Z")
> [@Gatopescado](#): > > I think he should put an Avocado pit in his rectum and hold it there till it sprouts. Astronauts travelling with Space X may want to consider something similar… “The journey back to Earth from space is never easy, but the astronauts aboard the SpaceX capsule coming home Monday will have an extra challenge to deal with: no working toilet. The four members on SpaceX Crew Dragon Endeavor will be wearing diapers as they splash down, in order to prevent anything else from splashing too.” > **[A broken toilet on SpaceX capsule means astronauts will return to Earth in...](https://www.npr.org/2021/11/07/1053383188/a-broken-toilet-on-spacex-capsule-means-astronauts-will-return-to-earth-in-diape)** > > NASA astronaut Megan McArthur called the situation "sub-optimal," but says the crew's four astronauts are "prepared to deal with it." They will return home after spending nearly 200 days in space. ---
**Author:** ![Great\_Antibob](https://avatars.discourse-cdn.com/v4/letter/g/e47c2d/32.png) [@Great\_Antibob](https://boards.straightdope.com/u/Great_Antibob)\ **Post date:** [November 8, 2021, 3:01pm UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/28 "2021-11-08T15:01:57Z")
Musk is apparently claiming Texas residency now? Homeowner’s around here is closer to 1.7% as a statewide average. Not 0.17% but 1.7%. More in wealthier suburbs and cities, of course (mine is above 2%). No state income tax so our property gets taxed higher. ---
**Author:** ![Dewey\_Finn](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dewey_finn/32/4222_2.png) [@Dewey\_Finn](https://boards.straightdope.com/u/Dewey_Finn)\ **Post date:** [November 8, 2021, 3:41pm UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/29 "2021-11-08T15:41:21Z")
The New York Times has an [article](https://www.nytimes.com/2021/11/08/business/elon-musk-twitter-poll.html) (paywall warning) about this. It says that he has 23 million stock options that were issued in 2012 and have since vested but which expire in August 2022. So despite him trying to make this all about the proposed wealth tax and the idiotic poll, he’s going to have to sell anyhow (or lose $30 billion, which is what those options are worth). ---
**Author:** ![Richard\_Pearse](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/richard_pearse/32/13144_2.png) [@Richard\_Pearse](https://boards.straightdope.com/u/Richard_Pearse)\ **Post date:** [November 9, 2021, 1:00am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/30 "2021-11-09T01:00:25Z")
Yes I probably do, d’oh! ---
**Author:** ![kenobi\_65](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/kenobi_65/32/13178_2.png) [@kenobi\_65](https://boards.straightdope.com/u/kenobi_65)\ **Post date:** [November 9, 2021, 1:11am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/31 "2021-11-09T01:11:36Z")
> [@Richard\_Pearse](#): > > Expensive. Mine come to around .004% My annual property tax, in Cook County, IL (suburban Chicago) is about 3.9% of the estimated market value of my house. So, yeah, expensive. In the U.S., property taxes are usually assessed at a local level (and possibly by several jurisdictions, such as a county and a city), and vary quite a lot. The taxes themselves are usually used to fund services that are provided at the local level (schools, police and fire protection, libraries, water and sewer, etc.) ---
**Author:** ![bobot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bobot/32/21622_2.png) [@bobot](https://boards.straightdope.com/u/bobot)\ **Post date:** [November 9, 2021, 1:19am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/32 "2021-11-09T01:19:43Z")
Which is a big reason why poor areas have shitty schools. ---
**Author:** ![Richard\_Pearse](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/richard_pearse/32/13144_2.png) [@Richard\_Pearse](https://boards.straightdope.com/u/Richard_Pearse)\ **Post date:** [November 9, 2021, 1:20am UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/33 "2021-11-09T01:20:27Z")
> [@kenobi\_65](#): > > My annual property tax, in Cook County, IL (suburban Chicago) is about 3.9% of the estimated market value of my house. So, yeah, expensive. My maths was bad. .4% is what I pay. It’s not actually a percentage, it’s based on lots of different things, but that’s what it works out to be as a percentage of the price I paid for the house. ---
**Author:** ![wguy123](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wguy123/32/3161_2.png) [@wguy123](https://boards.straightdope.com/u/wguy123)\ **Post date:** [November 9, 2021, 2:48pm UTC](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935/34 "2021-11-09T14:48:12Z")
Plenty of retirees on fixed incomes, that have owned their homes for 30+ years, get taxed out of their homes as the assessed value goes up and up. They don’t have Tesla stock to sell so they buy shitty reverse mortgages from Magnum PI so they don’t have to move and their house ends up in corporate hands when they die. I feel so bad for Elon…boo fucking hoo. [Previous page](https://boards.straightdope.com/t/musk-figure-out-how-to-pay-your-own-damn-taxes/953935.md?page=1)