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

  • jubilationtcornpone@sh.itjust.works
    6·
    13 hours ago

    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

    • pelespirit@sh.itjust.worksM
      10·
      11 hours 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.