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Elon Musk's untaxed wealth is helping finance his Twitter buyout Elon Musk could have a silent partner in his $44-billion deal to buy Twitter: the US tax code
Elon Musk could have a silent partner in his $44-billion deal to buy Twitter: the US tax code.The head of Tesla and SpaceX announced on Monday an agreement to take Twitter private for $54.20 a share, pledging to equity finance $21 billion himself and use a $12.5 billion loan with his Tesla shares as collateral. Banks are committing another $13 billion in debt financing. Critics, including Senator Elizabeth Warren, say he is only able to do that because of lax taxation of billionaires.“If you look at Musk’s ‘income’ as defined by our tax code, you see that the guy is really rich, but not rich enough to...read more