New Delhi: Elon Musk proposed selling 10 per cent of his Tesla Inc. stock on his offical Twitter handle and took a poll of people on the social network to see if they supported it. He has said that he would “abide by the results of this poll, whichever way it goes.”

“Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock,” Musk said on Saturday.

As of 10:50 p.m. in New York, more than 55% of the 2 million users who had voted supported Musk selling his shares. The poll will end around 3 p.m. on Sunday.

The so-called “Billionaires Income Tax” would apply solely to 700 taxpayers who have at least $1 billion in assets or $100 million in income for three straight years.

According to the proposal, the proposed tax would raise around “hundreds of billions of dollars.”

The amount of stock in play is valued at about $21 billion, based on his holdings of 170.5 million Tesla shares. The stock, which surged 74% this year to a record on Thursday, closed 0.6% lower at $1,222.09 on Friday, Bloomberg reported.

The number of shares Musk could be set to offload based on the Twitter poll is equivalent to 80% of the average daily trading volume for Tesla in the past three months.

Musk’s sudden announcement comes amid pressure in Washington to increase taxes on billionaires. Some Democrats have been wanting to impose a new tax on America’s wealthiest by taxing unrealized capital gains—a type of gains that is accrued when the price of the stocks they hold goes up, even if they do not sell any shares.

According to reports, Musk’s unrealized capital gains stand at roughly US $300 billion.