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<blockquote data-quote="Allen" data-source="post: 421810" data-attributes="member: 389">No, I am saying he doesn't take a real salary, instead he gets paid in stock.&nbsp; $59 billion in compensation for his services to Tesla, if it were a salary, that would put him at the top of the tax scales and he would pay just under 37% for a tax bill of near 21.8 billion bucks.&nbsp; By using this method of compensation, he gets to pay roughly 11.8 billion dollars.This is why people like him and Warren Buffet are able to legitimately claim that their personal assistants/secretaries pay a higher tax rate than they do.&nbsp; If you are single or head of household, just about everyone making more than about $170,000 will pay a higher percentage in income taxes than Warren Buffet or Elon Musk because of the way they are paid, not because of how much they make.&nbsp; That seems messed up to me.Don't take my point here wrong, the man pays lots of tax, but it just seems he should pay at least at the rate of someone who &quot;only&quot; makes $170,000.BTW, I don't see how selling off of a large chunk of stocks he receives as pay as any different than Uncle Sam withholding 20-35 percent of our paychecks.</blockquote>

[QUOTE="Allen, post: 421810, member: 389"] No, I am saying he doesn't take a real salary, instead he gets paid in stock. $59 billion in compensation for his services to Tesla, if it were a salary, that would put him at the top of the tax scales and he would pay just under 37% for a tax bill of near 21.8 billion bucks. By using this method of compensation, he gets to pay roughly 11.8 billion dollars. This is why people like him and Warren Buffet are able to legitimately claim that their personal assistants/secretaries pay a higher tax rate than they do. If you are single or head of household, just about everyone making more than about $170,000 will pay a higher percentage in income taxes than Warren Buffet or Elon Musk because of the way they are paid, not because of how much they make. That seems messed up to me. Don't take my point here wrong, the man pays lots of tax, but it just seems he should pay at least at the rate of someone who "only" makes $170,000. BTW, I don't see how selling off of a large chunk of stocks he receives as pay as any different than Uncle Sam withholding 20-35 percent of our paychecks. [/QUOTE]

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