Elon Musk rips the US system of taxing what you earn, buy, and own. Do this now to keep more of your cash
Key takeaways
- Elon Musk rips the US system of taxing what you earn, buy, and own.
- Elon Musk once paid one of the largest tax bills in U.S. history after selling Tesla stock in 2021 (1) — eclipsed only by Berkshire Hathaway’s $26.8 billion payment in 2024 (2).
- “You get taxed on what you earn, you get taxed on what you buy, and you get taxed on what you own,” Musk said while discussing government spending and taxation.
Elon Musk rips the US system of taxing what you earn, buy, and own. Do this now to keep more of your cash Chip Somodeavilla Thomas Kent Wed, June 24, 2026 at 8:05 PM GMT+7 10 min read TSLA BRK-B Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Elon Musk once paid one of the largest tax bills in U.S. history after selling Tesla stock in 2021 (1) — eclipsed only by Berkshire Hathaway’s $26.8 billion payment in 2024 (2). But in a 2024 Pittsburgh town hall clip (3) once again making the rounds on X (4), the trillionaire argued Americans are already paying more than enough.
“You get taxed on what you earn, you get taxed on what you buy, and you get taxed on what you own,” Musk said while discussing government spending and taxation.