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» With Elon Musk moving to Texas, the worlds 3 richest people are set to pay a whopping $0 in state income taxes. Heres why 9 US states dont collect any income taxes. With Elon Musk moving to Texas, the worlds 3 richest people are set to pay a whopping $0 in state income taxes. Heres why 9 US states dont collect any income taxes. Hillary HoffowerDec 15, 2020, 03:02 IST Elon Musk is now a Texan.Pool/Getty Images Elon Musk, the worlds second-richest man, moved from California, the state with the...

The Tesla and SpaceX CEO confirmed the news on Tuesday at a virtual conference hosted by The Wall Street Journal. "For myself, yes, I have moved to Texas," Musk said, adding that SpaceX was developing its Starship spacecraft in South Texas and that construction of Giga Texas, a new Tesla manufacturing site in Austin, was underway. These SpaceX and Tesla developments, combined with Musks repeated threats to leave California this year, had for months spurred speculation that Musk would move to Te...