Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares

Its very tough to get your taxes below 15% unless you're investing in government bonds. Single digits is pretty much not happening unless your income is low. There's very few deductions available to people who make over $250K a year; not enough to bring your overall tax rate down that much. Anyways, from the summary of the article, his options are underwater (the price he can buy them at is above the current market price) and worth exactly $0 right now. Tesla's stock price would have to increase in value (10%) before they're worth anything at all. (Option value = current market price - 'strike' price).

Full article: http://green.autoblog.com/2012/08/16/tesla-ceo-elon-musk-...

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@toxicpath » 16 Aug '12, 2pm
The way it should be WT Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares [link]
@mahoganyltd » 16 Aug '12, 2pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares: Filed under: EV/Plug-in, T... [link]
@jknistrum » 16 Aug '12, 1pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares [link] #green #energy
@greenforyou » 16 Aug '12, 12pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares #green [link]
@carstufffeed » 16 Aug '12, 11am
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares: Filed under... [link] #AutoblogGreen
@Alltop_green » 16 Aug '12, 2pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares [link]
@fibergeneration » 16 Aug '12, 1pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares [link]
@SDRelectriccars » 16 Aug '12, 12pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares [link]
@otogeek » 16 Aug '12, 12pm
[link] Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares: Filed ... [link]
@jaffarwahdat » 16 Aug '12, 12pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares [link]
@mygreenlimo » 16 Aug '12, 12pm
Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares [link]