NEW YORK (AP) — Tesla CEO Elon Musk is asking on Twitter whether he should sell 10% of his stock in the electric-vehicle company amid pressure in Washington to increase taxes on billionaires like him.
Democrats have been pushing for billionaires who own stocks to be taxed when they go up in price, even though they don’t actually sell any shares. This concept is called “unrealized gain” and Musk has a net worth of approximately $300 trillion.
By 5: 40 p.m. Eastern time, a little more than two hours after Musk‘s initial tweet, 54% said yes out of a total of 876,189 votes.
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