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$25B in Bitcoin, TSLA’s balance sheet conversion – Saylor’s ‘alternate strategy’ for Musk
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The final passage of the U.S. Infrastructure Bill, one containing several provisions for cryptocurrency taxes, has led to the industry rallying against the U.S Congress. However, another proposal wrangling the house’s attention is the “Billionaire’s Tax.”
It would affect around 700 of the richest Americans by taxing unrealized capital gains on unsold assets. One of the world’s richest men, Elon Musk stands to be one of the biggest losers.
Earlier today, the billionaire polled his millions of followers on whether he should sell 10% shares of his electric car company, Tesla. These would be worth over $21 billion, according to Reuters.
<p lang=«en» dir=«ltr» xml:lang=«en»>Much is made lately of unrealized gains being a means of tax avoidance, so Read more on ambcrypto.comAbout this in other media
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