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
Welfare Queen.
Tesla paid less taxes than me. And you.
Yet their CEO has almost unlimited power compared to you. Maybe we should all stop paying
And the same as me!
But then I don’t live in America.
Though that doesn’t always stop them expecting someone to pay taxes
andor you. I assure you I have paid more in taxes in one single year than Tesla and Musk have paid in many years combined.
Rules for thee, but not for me.
I dont understand why people are not more upset about this and rioting. I guess everyone is just burnt out tbh.
Somehow the oligarchs who steal from us managed to comvince the masses that some poor and exploited immigrants are the problem.
The only reason this company is profitable.
One day, we’ll just take it out of his hide.
At this rate, that is unlikely.
Why would you say that? This administration is playing with a potential revolution in Minneapolis and is facing down a national labor shutdown on Friday. I know in general things are bleak but resistance over the past year has been growing quite a lot.
No one is going to be touching billionaires.
This is the one time I would tolerate Scrappy Doo. “Lemme at em! Lemme at em!”
Comedy aside, I’d donate to anyone’s legal fee who solved this problem…
Who was being comedic? I agree with Eddie Izzard. I’d shoot Scrappy Doo in a heartbeat…
Oh I see what you’re getting at.
Cheers, m8
Think of all the money we would have if we didn’t have to pay taxes!
Think of all the healthcare we’d have of everyone paid in!
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.
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
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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.
This is a non-story (except for the continuing fact that the way stock options are taxed is bullshit, and that Elmo’s tax breaks should be extra scrutinized due to his suspiciously close relationship with the administration).
Tesla not paying taxes is a good thing, because it means they’re losing buckets of money from people not buying their trash cars.
Tesla’s revenue being 4 billion or 10 trillion doesn’t matter if their expenses exceed that income - you don’t pay taxes on your business either if your business expenses exceed your revenue, and you can carry forward your own losses to future tax years as well.
And accelerated depreciation is perfectly consistent with GAAP as long as you’re consistent with your reporting - it just means you get more of a tax benefit on depreciation in the short-term and lose out on that benefit in the long-term.
Hate to break it to you but the reason Tesla is paying $0 isn’t its expenses being higher than its revenue.
I mean… I take issue with the tax code being that personally. Idgaf if your company loses money or not- you pay taxes. It’s not the problem of society to make sure your company can write off a bad year. If you fail, you fail. American taxpayers shouldn’t be footing the bill for failing businesses or creative businesses.
Nobody understands the difference between revenue and profit, and the “Elon bad” crowd doesnt want to hear it anyway.
This is a simple circle jerk.
You know if you post this on twitter you can tag musk on it directly.
