You’d have to pay ordinary income on that salary though.
Donating stock has a different advantage though. Normally you pay cap gains but if you donate the shares themselves you don’t pay cap gains. This way you can sort of profit from a rise in share price without actually dumping all that extra liquidity into the market. For an ordinary person selling a stock doesn’t move the market but for Elon it can
mazlix t1_j8s49qs wrote
Reply to comment by mumpie in Elon Musk donates almost $2bn of Tesla shares to charity by Nergaal
You’d have to pay ordinary income on that salary though.
Donating stock has a different advantage though. Normally you pay cap gains but if you donate the shares themselves you don’t pay cap gains. This way you can sort of profit from a rise in share price without actually dumping all that extra liquidity into the market. For an ordinary person selling a stock doesn’t move the market but for Elon it can