[U.S. Lawmakers Propose 5% Annual Wealth Tax on Billionaires, Musk May Pay $42 Billion in the First Year] According to a report by Jinse Finance, U.S. Senator Bernie Sanders and Representative Ro Khanna proposed a bill on Monday to impose a 5% annual wealth tax on American billionaires. Lawmakers stated that under this bill, Musk would be required to pay $42 billion in taxes in the first year.