Official announcements from the White House or relevant government departments

Elon Musk Could Receive Multibillion Dollar Tax Break if Trump Wins 2024 Election

Oct 24, 2024, 12:23 PM

Elon Musk, the world's richest person with a net worth of $250 billion, could receive one of the largest personalized tax breaks in American history if Donald Trump wins the 2024 election and appoints Musk to a top government position. This potential special tax benefit, worth tens of billions of dollars, is due to a provision buried in the tax code that applies only to top officials. Trump has promised significant tax cuts for billionaires, which would further benefit Musk. This multibillion dollar tax break is exclusive to Musk.