Donald Trumpā€™s pledge to give Elon Musk a top job could make the billionaire CEO eligible for a special tax benefit worth tens of billions of dollars.

Thanks to a provision buried in the tax code,Ā Elon MuskĀ could reap one of the largest personalized tax breaks in American history if formerĀ President Donald TrumpĀ wins theĀ 2024 electionĀ and fulfills his pledge to appoint Musk to a top government post, according to tax and ethics expertsā€™ review of long-standing statutes.

This special tax benefit ā€” which is only available to federal officials ā€” would be in addition to massive tax breaksĀ MuskĀ could reap if a new Trump administrationĀ furthercuts income and other taxes forĀ billionaires.

  • NoForwardslashS@sopuli.xyz
    3Ā·
    22 days ago

    Oh I am shocked. I thought he was just jacking Trump off because heā€™s also an old white racist bigot, but now I learn heā€™s doing it all for money? Disgusting.