The very public discussion of Elon Musk’s taxes took another turn as the tech billionaire claimed he would be paying around $11 billion in taxes this year.
The news came after Musk had been under fire in twitter from Senator Elizabeth Warren for underpaying taxes.
“Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,” Warren said in a tweet last week.
Musk responded quickly.
“And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year,” replied the billionaire.
Musk has sold $14 billion in stock recently after a poll among his twitter followers on whether he should sell 10% of his stock. He has said in the past that he opposes a capital gains tax because he feels the government’s capital allocation skills are lacking. He however does favor an inheritance tax.