(June 14): Tesla Inc’s Elon Musk tweeted that he’s decided to sell his last remaining house a week after a report said he and others billionaires paid little or no income taxes for several years. Decided to sell my last remaining house. Within days, he put two of his California properties on the market. Musk paid no federal income taxes in 2018 and less than US$70,000 in 2015 and 2017, according to the report. After the ProPublica report, Musk tweeted that he will keep paying income taxes in California in proportion with his time in the state, which he said will be significant.

Source: The Edge Markets June 14, 2021 09:11 UTC