Tesla, the electric car company led by former Trump administration special government employee Elon Musk, released its annual financial report Thursday, showing that it doubled its yearly income in 2025 over the previous year and brought in $5.7 billion.
The company, whose CEO spent several months rooting out what he claimed was fraud and waste across the federal government, reported “precisely zero current federal income tax” on the billions it made, according to an analysis by the Institute on Taxation and Economic Policy (ITEP).
The group explained that Tesla used accelerated depreciation, reducing the value of its capital assets, while also slashing its tax bill with tax breaks for its executive stock options
Personally, I think the goal of all companies should be to pay $0 in taxes, and our tax code should be written in a way that encourages them to spend their revenue on their employees.
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If we did, we’d have precious little money for infrastructure.
That money would be taxed as income tax by the employees.
How would this system work?
Not sure what you mean. Companies pay $0 in taxes all the time, but by using BS accounting tricks like Tesla is now. Instead that money would go to employees who pay taxes.