The reason we're only hearing about spending cuts

[Anathema]

Tesla Reported Zero Federal Income Tax on $2 Billion of U.S. Income in 2024

No surprise, of course. To some of us. The least we can do is install a minimum effective tax rate.

Limbaugh convinced the guy in the trailer home that what was good for a billionaire is good for a guy in a trailer home.

That guy is still in that trailer home, voting Republican. The billionaire's net worth has increased exponentially.

A lot more jobs created by billionaires than folks in double-wides.

 

[M14 Shooter]

Please see post 162. You're welcome.

That people use the tax code to reduce their taxes as much as possible is not proof the tax code needs to be fixed.

 

[bendog]

nor those two oligarchs

ask a bitch question bitch, count on being treated like the little bitch you choose to be

or stop being a bitch

 

[Mac1958]

That people use the tax code to reduce their taxes as much as possible is not proof the tax code needs to be fixed.

Okie dokie!

 

[jc456]

A lot more jobs created by billionaires than folks in double-wides.

That's a fking great post^^^^^^^^^^^^^ thank you!

Mac1958, Again, government jobs are net loss to the economy, one needs private business, are you still counting on the welfare moms to start a company?

 

[jc456]

ask a bitch question bitch, count on being treated like the little bitch you choose to be

or stop being a bitch

make a fking stupid post and the bitch question will be asked by me!! bitch!

 

[M14 Shooter]

Okie dokie!

Good of you to concede.
Let us know when you have a better argument.

 

[Mac1958]

And the Stockholm Syndrome continues.

 

[M14 Shooter]

And the Stockholm Syndrome continues.

As does the mindless nonsense.

 

[jc456]

And the Stockholm Syndrome continues.

you should seek help then! You have it bad.

 

[Nobody911]

Tesla Reported Zero Federal Income Tax on $2 Billion of U.S. Income in 2024

No surprise, of course. To some of us. The least we can do is install a minimum effective tax rate.

Limbaugh convinced the guy in the trailer home that what was good for a billionaire is good for a guy in a trailer home.

That guy is still in that trailer home, voting Republican. The billionaire's net worth has increased exponentially.

Dude, the wealthy( such as Trump or Musk )know how to keep wealthy. They know how to benefit from legal loopholes! Yes, American Congressfolks know everything about the loopholes. Lol.

Tesla's tax rate is significantly lower than the statutory corporate tax rate of 21% in the U.S. Over the past three years, Tesla's effective tax rate averaged 0.4%, which is 50 times less than the statutory rate13. This is not unique to Tesla; many major corporations also manage to pay significantly less in taxes than the statutory rate.

Comparison with Other Corporations:

General Trend: Nearly 10% of S&P 500 companies, including Tesla, reported paying no income tax expense in recent years7. This indicates that Tesla is part of a broader trend where large corporations use various tax strategies to minimize their tax liabilities.

Similar Companies: Other major companies like 3M and Airbnb have also reported paying no federal income tax in certain years7. This suggests that Tesla's low tax rate is not an isolated case but rather part of a larger pattern among large corporations.

Tax Strategies: Like Tesla, many corporations use accelerated depreciation, executive stock option deductions, and unspecified tax credits to reduce their taxable income13. Additionally, some companies benefit from moving profits to lower-taxed jurisdictions6.

Executive Compensation vs. Taxes: Tesla and other major corporations often spend more on executive compensation than on federal taxes58. This highlights the disparity between corporate tax payments and executive compensation packages.

In summary, Tesla's low tax rate is part of a broader trend among large corporations in the U.S., where companies use legal loopholes and tax strategies to minimize their tax liabilities.

sources:
1. Tesla paid zero federal income tax in 2024 while GOP pushes more corporate tax cuts | NationofChange
2. Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income
3. Tesla Reported Zero Federal Income Tax on $2 Billion of U.S. Income in 2024
5. 35 Major Corporations Spent More On Top Executives Than Taxes
6. The cult of tax efficiency: The totally legal way that Tesla, Ford, Netflix and dozens of other large companies use U.S. law to pay their C-suite more than Uncle Sam
7. Nearly 10% Of S&P 500 Companies Paid No Tax — Including Tesla
8. Major companies haven't paid federal income tax in 5 years. How could that be?

Several measures are being proposed to close corporate tax loopholes like those used by Tesla:

Minimum Corporate Tax Rate: Senate Democrats have proposed a 15% minimum corporate tax to ensure that large corporations, like Tesla, cannot avoid paying their fair share of taxes. This would apply to corporations with profits exceeding $1 billion2.

Closing Accelerated Depreciation Loopholes: Progressives are advocating for reforms to reduce the ability of corporations to write off assets faster than they actually lose value, a practice that significantly reduces taxable income1.

Taxing Billionaires on Unrealized Gains: There is a push to implement a billionaire minimum tax, which would require billionaires to pay taxes on unrealized capital gains, preventing them from accumulating vast fortunes without paying taxes1.

Enhanced IRS Funding and Enforcement: The Inflation Reduction Act includes funding for the IRS to improve tax enforcement and compliance, particularly targeting large corporations and wealthy individuals. This aims to increase tax revenues and reduce the tax gap23.

Closing Other Tax Loopholes: The U.S. Treasury and IRS are working to close loopholes used by large partnerships, such as "related-party basis shifting," which allows companies to manipulate asset prices for tax benefits3.

These proposals aim to address the widespread use of tax loopholes by MAJOR CORPORATIONS and ensure that they contribute more equitably to the U.S. tax base.

sources:
1. Tesla paid zero federal income tax in 2024 while GOP pushes more corporate tax cuts | NationofChange
2. https://www.democrats.senate.gov/im...es_in_the_inflation_reduction_act_of_2022.pdf
3. https://www.cnbc.com/2024/06/17/treasury-unveils-plan-to-close-tax-loophole-large-partnerships.html
4. Tesla's Tax Tactics: $2.3 Billion Income, Zero Federal Tax!
5. Corporate Tax Avoidance in the First Five Years of the Trump Tax Law. Trump looks to end a controversial tax loophole that has enriched Wall Street's wealthiest for years
6. Dozens of big U.S. companies paid top executives more than they paid in federal taxes, report says
7. Tesla Reported Zero Federal Income Tax on $2 Billion of U.S. Income in 2024

 

[The Sage of Main Street]

.

The rising tide raises all boats ... Including yachts.

But ... The rising tide will never put someone in a different boat ... They may still be in a shitty rowboat full of holes ...
And then they'll just be in deeper water where it's easier to drown ...

.​

A Plute's Yacht Capsizes All Smaller Boats

Claiming that the rich create jobs is like claiming that vampires create blood. That sucks!

The only ones who benefit from them are their heirs.

 

[The Sage of Main Street]

There is no distinction to be made with regard to whether or not shareholders carry the tax burden on earned corporate income.

"Hey, Kids! Ask Your Daddy to Buy This Shiny Toy! If He Says He Can't Afford It, He's a Loser."

You wannabe Preppies ought to know that heirs don't pay capital gains based on the price their HeirDads originally bought the stock for, but he would have if he had sold it before they robbed his grave.

 

[The Sage of Main Street]

If you blame Rush Limbaugh for the guy in the trailer home how do you defend FEMA for ignoring guys who lived in trailer homes for supporting Trump? The dirty little secret is that illegal immigrants are better off than the guy in the trailer thanks to the Biden administration.

If There Were No Immigration Criminals, There'd Be No Homeless

The two social disasters happened at the same time. Don't listen to those who claim it's only a coincidence. They misuse Logic to make us never come to a conclusion about anything. They are the original Snakes in the Garden.

 

[jc456]

A Plute's Yacht Capsizes All Smaller Boats

Claiming that the rich create jobs is like claiming that vampires create blood. That sucks!

The only ones who benefit from them are their heirs.

are you suggesting that the welfare poor create jobs? explain it for us.

 

[BrokeLoser]

"Hey, Kids! Ask Your Daddy to Buy This Shiny Toy! If He Says He Can't Afford It, He's a Loser."

You wannabe Preppies ought to know that heirs don't pay capital gains based on the price their HeirDads originally bought the stock for, but he would have if he had sold it before they robbed his grave.

Wrong guy…I hate ALL taxes and I especially hate that the most productive get penalized for their productivity. The poor, societies greatest liability should carry the heaviest load…instead they ride for free and are paid to smoke weed and run baby factories.

 

[BlackSand]

A Plute's Yacht Capsizes All Smaller Boats

Claiming that the rich create jobs is like claiming that vampires create blood. That sucks!

The only ones who benefit from them are their heirs.

.

Perhaps I should get busy making some heirs ...
So we could at least pretend that is true ...

.​

 

[The Sage of Main Street]

I’ve asked purple haired nose ringers a million times…”how do wealthy people negatively impact your life” and NONE can ever offer a rational answer…Weird huh?

Class-Climbing on Their Ladder of Thorns

The HeirDads set up their brats halfway to the finish line. They humiliate the talented, who created all their wealth. They give a false pride of being successful to those with less talent than their heirs so that the brats won't be challenged by people they've been placed in superior positions to.

The wealthy are imaginary infallible father figures for Americans who never grew up.

 

[BrokeLoser]

Class-Climbing on Their Ladder of Thorns

The HeirDads set up their brats halfway to the finish line. They humiliate the talented, who created all their wealth. They give a false pride of being successful to those with less talent than their heirs so that the brats won't be challenged by people they've been placed in superior positions to.

The wealthy are imaginary infallible father figures for Americans who never grew up.

If not heirs…Who should inherit a dead mans riches?

 

[The Sage of Main Street]

View attachment 1089271

That only proves that Leftists are unconscious agents of the Right Wing they were born in. They are driven to push for turning loose on us all those anti-American enemies of a rational and stable society. Their insect-instinctive motive is to trick working-class Whites into supporting the plutocratic parasites who deprive them of economic opportunities.

I first realized this when I had an epiphany about a political statement that most people have been programmed to believe was insignificant, irrational, and leading nowhere in trying to understand what was going on behind the scenes in this puppet show.

In 1968, scraggly nasty Campus Commie Scum tried to disrupt a George Wallace rally. They were so disgusting that they made him look good. He confirmed that by saying, "You just got me a million votes!"

That is the purpose of all Leftism. Wallace was taking votes away from Nixon, making it easier for the Democrats to win and for the Preppy Progressives to gain power.