Business
Tesla’s Musk moves to Texas from California; compares himself to war general – Sydney Morning Herald
Texas might offer some tax reprieve for the world’s second richest man with his $209 billion fortune as it doesn’t collect personal income tax.

Texas might potentially offer some tax reprieve for the world’s second richest man. It does not collect personal income tax while California has some of the highest state tax rates in the United States.
A 670 per cent rally in Tesla shares this year has boosted Musk’s net worth to $US155 billion ($209 billion) from $US27 billion, just behind Amazon’s Jeff Bezos, according to the Bloomberg Billionaires Index.
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