Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
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Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#2Yup, but if I don't pay mine...
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#3Tesla seems to be a pretty big social welfare beneficiary.
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#4Deprecation, loss, etc. Standard for every company. Is this supposed to be an own or something?
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#5Tax breaks for executive options ?!
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#6So I pay more taxes than one of the highest-valued companies in the world? sure the system works well
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#7This is a poorly written article. They can't even get basic figures right. See Unspecified “U.S. tax credits” were good for $300 billion of tax savings. It should have been $300 million. Seems to be a psyops by an incompetent writer against Elon.
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#8Tesla seems to be a pretty big social welfare beneficiary.
Socialism for the big, capitalism for the rest.
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#9[flagged]
Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
#10So I pay more taxes than one of the highest-valued companies in the world? sure the system works well
Corporate tax is quite misunderstood in my opinion.
Tesla makes revenue, and they have costs. Their revenues are offset by their costs.
Any profit Tesla makes is eventually taxed -- either when Tesla shareholders sell appreciated stock, when the company makes distributions or when they liquidate.
Corporate tax only applies to un-distributed profits carried forward from year to year instead of invested into the business or distributed to shareholders.