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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

#71

Post by tzs »

Frieren wrote: post #31
jared_mccluskey wrote: post #4

Deprecation, loss, etc. Standard for every company. Is this supposed to be an own or something?

> Standard for every company. That Apple, Google, Amazon, etc do not pay their taxes either makes it worse not better. The rich have accumulated a lot of money, that is killing the economic system. Redistribution of that wealth is needed for the system to continue working, and taxation is part of the solution.

Apple paid income taxes of $10 billion in 2019, $10 billion in 2020, $15 billion in 2021, $19 billion in 2022, $17 billion in 2023, and $30 billion in 2024.

Google paid $18 billion in 2024, and Amazon paid $10 billion.

Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024

#72

Post by mrkandy »

mihaic wrote: post #59
JumpCrisscross wrote: post #50

Earlier quoted context omitted.

> Taxation disproportionately comes from wages, and most in the middle class can't avoid them Totally correct. Ironically, a classic labour vs. capital argument holds water better than people vs. corporations. We absolutely tax returns on labour too much in America and capital not enough. That doesn't really result in concluding that we should let people deduct more expenses or corporations pay on their top line. You…

Well, in this case I think the subject also is corporations v. people, as people can't lobby to Congress to get tax breaks. In this particular issue, the problem is both that corporations aren't taxed enough AND that they can evade the law by getting special dispensations. I'd be upset the most at: > Congress might give Tesla even more tax breaks. A bill passed by the House of Representatives in the previous Congress…

> people can't lobby to Congress

Always assumed that the elections is exactly about it

Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024

#73

Post by JumpCrisscross »

mihaic wrote: post #59
JumpCrisscross wrote: post #50

Earlier quoted context omitted.

> Taxation disproportionately comes from wages, and most in the middle class can't avoid them Totally correct. Ironically, a classic labour vs. capital argument holds water better than people vs. corporations. We absolutely tax returns on labour too much in America and capital not enough. That doesn't really result in concluding that we should let people deduct more expenses or corporations pay on their top line. You…

Well, in this case I think the subject also is corporations v. people, as people can't lobby to Congress to get tax breaks. In this particular issue, the problem is both that corporations aren't taxed enough AND that they can evade the law by getting special dispensations. I'd be upset the most at: > Congress might give Tesla even more tax breaks. A bill passed by the House of Representatives in the previous Congress…

> people can't lobby to Congress to get tax breaks

You've never called your elected? I've literally worked on the language of bills because I was the only one to call in about a bill that had to be voted on, nobody in my jurisdiction cared about and the staffer who was chargdd with it couldn't give fewer shits about the issue.

Re: Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024

#74

Post by JumpCrisscross »

subulaz wrote: post #61
JumpCrisscross wrote: post #15

Earlier quoted context omitted.

> breaks for executive options Difficult to tie this to executives versus shareholders. Options are taxed.

not too difficult actually, US corps are required to disclose specifics on employee option compensation for tax purposes: https://www.thetaxadviser.com/issues/2023/dec/executive-comp... FINRA 2360 provides disclosure and tax requirements to any organization which issues options, provides grant exercises, or simply issues stock as compensation: https://www.finra.org/rules-guidance/rulebooks/finra-rules/2... Side note:…

> FINRA 2360 provides disclosure and tax requirements to any organization

Nitpick: FINRA rules only apply to FINRA members. For the general versions, you want the SEC rule. (FINRA copies a lot of SEC rules so they can enforce them without the restrictions of a government.)

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