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Elon Musk's Untaxed Wealth Is Helping to Finance His Twitter Buyout

  • Musk’s fortune is mostly in Tesla stock not subject to tax
  • Democrats renew call for wealth taxes, a longshot politically
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Elon Musk’s $21 Billion Twitter Cash Mystery

Elon Musk could have a silent partner in his $44 billion deal to buy Twitter Inc.: the U.S. tax code.

The head of Tesla Inc. and SpaceX announced 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.