Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.

Microblog post saying “so funny how the US govt desperately needs
25% of the $2500
I made on a small creative project, but won't tax any of jeff bezos $239.4 billion”
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[–] 4 points 9 months ago (1 child)

I'm all for corporations and the wealthy paying their fair share of taxes, which they often don't.

However, revenue is not income and gains on investments are unrealized gains until you sell your shares and withdraw the cash.

If I'm reading Tesla's income statement correctly, they expect to pay something like $1.4B in taxes on $5.2B in income for 2025. Figures calculated using fuzzy pre-coffee math in my head and may not reflect any reasonable accounting standards

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  • [–] 11 points 9 months ago* (last edited 9 months ago)

    I think people are upset about that loophole. Businesses buy yachts, trips around the world and bribing politicians for their owners and the common person is just trying to not die.

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