Elon Musk says Americans ‘get the living daylights taxed out of us.’ Here's how he avoids taxes to hold onto his wealth

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Elon Musk says Americans get the living daylights taxed out of us.’ Here's how he avoids taxes to hold onto his wealth Jing Pan Tue, June 23, 2026 at 8:20 AM PDT 10 min read TSLA Andrew Harnik/ Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. They say the only certainties in life are death and taxes but Tesla CEO and world's first trillionaire Elon Musk thinks Americans are getting far more than their fair share of the latter. "You get taxed on what you earn, you get taxed on what you buy and you get taxed on what you own. Taxes, taxes, taxes," Musk said at a town hall in Pittsburgh (1). Top Picks Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake here's how to fix it ASAP JP Morgan sees gold hitting $6,000/oz before 2027 and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold The ultra-rich use these 5 real e...

I've spent 30 years in recruitment - this is how to get a job

Image source, Bloomberg via Getty Images Image caption, Reed founder and chair James Reed By Yasmin Rufo BBC News Published 2 hours ago If you've sent off dozens of job applications and heard nothing back, the silence can be as infuriating as a rejection. Part of the problem is the shrinking number of entry-level jobs. Reed, the recruitment firm, says that graduate vacancies on its website have fallen from around 180,000 three or four years ago to 50,000. James Reed, chair and chief executive of Reed, has spent 30 years watching how employers make decisions and, like many, is frustrated at how difficult the process has become. Here, the recruitment veteran gives some pointers on how to get noticed in a tough jobs market. Getting past AI screening Many employers use artificial intelligence (AI) systems to screen applications before a human lays eyes on them. Reed believes that "computers shouldn't reject people". But if AI is being used, Reed suggests it is probably comparing the job description with your CV or cover letter so you should "try and mirror the job description with your skills and experience". That doesn't mean pretending to have skills you do not have. "It's really important you don't lie," says Reed, but if the job asks for communication, organisation or customer service, make sure your application clearly shows where you have done those things. How do I get experience if no one gives me a chance? It is one of the most frustrating parts of job-hunting: being told you need experience for an entry-level role. Reed says the problem is worse at the moment because employers are hiring less, so often look for candidates who already have some know-how. He advises building experience wherever possible - "even if it's temporary, casual or part-time" - through work, volunteering, community projects or free online training, such as Anthropic's AI academy. If you get in front of an employer (and are feeling brave) it can be worth making the point directly: "Someone gave you your first opportunity, that's all I'm looking for." Using AI for your CV Reed is not against using AI to help with applications as it's a "wonderful tool" that cam improve your application. But he warns against letting the technology do all the work because "if you leave it as AI-only then it'll be identical to lots of other people's and the point is to stand out". His main piece of advice is to "make sure your CV says who you are". "Make sure it is one page," he says. "Get that opening top statement right and get advice from people to make sure it really sounds like you and it's a document you feel proud of." Reed jokes that while he doesn't mind the odd spelling mistake "because it shows it was written by a human, not AI", attention to detail is really important so make sure it is grammatically correct. What skills should I focus on? Communication, collaboration and resilience are the...

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