1 of 1
Story summary
- Activists' calls for a wealth tax after Elon Musk’s net worth topped $1 trillion note Oxfam’s estimate that a 10 % levy could lift 800 million people out of poverty.
- SpaceX has paid little or no federal tax since 2002, while ProPublica documented Musk paid zero federal tax in 2018 with a 3.27 % rate (2014-2018).
- Tax experts found Tesla avoided federal tax on $12 billion of U.S. income in the past three years.
