Elon Musk BUSTED As Staggering Charity Scheme Truth Crashes Down
December 13, 2024
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10:46Now PlayingElon Musk BUSTED As Staggering Charity Scheme Truth Crashes Down
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as posted by the channelElon Musk gets officially busted for attempting to short the amount of donations his charity is legally required to give away for multiple years, which could cost him big time with the IRS. John Iadarola and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Musk’s Foundation Gave Away Less Money Than Required in 2023
"For the third year in a row, Elon Musk’s charitable foundation did not give away enough of its money.
And it did not miss the mark by a small amount.
New tax filings show that the Musk Foundation fell $421 million short of the amount it was required to give away in 2023. Now, Mr. Musk has until the end of the year to distribute that money, or he will be required to pay a sizable penalty to the Internal Revenue Service.
Mr. Musk, in his new role as a leader of what President-elect Donald J. Trump is calling the Department of Government Efficiency, is promising to downsize and rearrange the entire federal government — including the I.R.S. But the tax records show he has struggled to meet a basic I.R.S. rule that is required of all charity leaders, no matter how small or big their foundations."
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