The reason we're only hearing about spending cuts

[Thinker101]

Yes, I should have expected games to be played to defend it.

Now you know.

Imagine that...those "games" are in tax law, go figure.

 

[Darkwind]

I paid $28,000 in federal income taxes in 2024.

Tesla paid $0 on $2.3 billion in income.

This is the problem with our tax code.

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

Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk-led company reports $10.8 billion of U.S. income on which its current federal tax was just $48 million.

itep.org

You sent the Federal Government a check for 28,000 dollars?

Or did you get money back at the end of the year?

 

[berg80]

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.

As I'm sure you're aware Biden proposed a minimum corporate tax to close the loopholes corporations lobbied for. It's odd that we never hear about corporate welfare from The Following, right?

 

[berg80]

Myself, all the maga people I know, are pretty happy. We are loving seeing trump making a good faith effort to MAGA.

When is he going to start? So far it's all very destructive.

 

[Mac1958]

As I'm sure you're aware Biden proposed a minimum corporate tax to close the loopholes corporations lobbied for. It's odd that we never hear about corporate welfare from The Following, right?

Yeah. At the time I thought it might go somewhere. Oh well.

 

[theHawk]

$2.3B in net profits.

$25.71B in income.

But they are a green energy business.

Why are you complaining about them using the tax code that Congress has voted on and given all green energy businesses?

Or you just want Tesla singled out and forced to pay more taxes because Elon hurts your feelings by exposing all the fraud and corruption of government spending?

 

[sartre play]

.

It's not like Elon Musk wrote the tax code.

If you have a problem with any of it ... You should talk to your Representatives ...
Because they're the ones that wrote the laws that allow billionaires to write off losses among other things ...
And avoid paying taxes on their income.

And guess what ... That includes Democrats ... Sucking up to anyone with money ...
Or protecting their own money.

Sooner or later y'all are going to figure out ...
That you're just fools for ever believing that Class Warfare shit.
It's how they keep you stupid ... But hopeful ...

.​

CORRECT. its both party's
Start checking them out.
Not what they say
but what they do.
READ the bills check the out comes.
DID The bill benefit US, THE 70%

 

[Correll]

When is he going to start? So far it's all very destructive.

That's your take. I was making counter point about MAGA and what we are feeling.


Are you disagreeing with me, about my own feelings? Really? Are you that.... whatever you are?

 

[theHawk]

And as always, it's not about Trump. It never has been.

It's about the people who enable him. Like the guy in the trailer home.

And that's why they get so cranky and try to make this about me.

You’re so full of shit.

You wouldn’t be making this thread if Elon didn’t support President Trump and MAGA.

 

[Mac1958]

CORRECT. its both party's
Start checking them out.
Not what they say
but what they do.
READ the bills check the out comes.
DID The bill benefit US, THE 70%

As I said in the OP (and folks are conveniently "not seeing"), we should have a minimum effective tax rate.

I don't give two shits about the parties on this. This is one of the many areas in which they've both let us down.

The fact remains, Musk is protecting himself at the expense of many Americans, and it doesn't have to be that way.

 

[Correll]

You’re so full of shit.

You wouldn’t be making this thread if Elon didn’t support President Trump and MAGA.

That's a fair point. A global warming fearing lefty, if not for the free speech and doge, would be fine with an electric car company gettting tax breaks.

 

[jbrownson0831]

You sent the Federal Government a check for 28,000 dollars?

Or did you get money back at the end of the year?

We all use the tax breaks afforded us when we fill out our taxes. I don't see what the problem is for Musk to do the same, as others on here seem to.

 

[theHawk]

Here is Biden and the Dems pushing for tax credits for big auto makers of EVs:

Loading…

www.reuters.com

Mac1958 go ahead and link your outrage thread from 2021, I’m sure you made one.

 

[Mac1958]

Here is Biden and the Dems pushing for tax credits for big auto makers of EVs:

Loading…

www.reuters.com

Mac1958 go ahead and link your outrage thread from 2021, I’m sure you made one.

Please see post 37, Einstein.

You folks are boring.

 

[M14 Shooter]

I paid $28,000 in federal income taxes in 2024.
Tesla paid $0 on $2.3 billion in income.
This is the problem with our tax code.

Everyone uses every tax break they can get.

 

[Foxfyre]

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.

Musk's most profitable Tesla sales are in China and elsewhere. Due to Biden's terrible economy and rules change, Tesla reported a U.S. loss in 2024.

 

[Edgetho]

I paid $28,000 in federal income taxes in 2024.

Tesla paid $0 on $2.3 billion in income.

This is the problem with our tax code.

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

Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk-led company reports $10.8 billion of U.S. income on which its current federal tax was just $48 million.

itep.org

Corporations don't pay taxes, they collect them.

sheesh

 

[Mac1958]

When is he going to start? So far it's all very destructive.

It's what they want. Destruction. Revenge.

This could have been done so well, and it could have been popular. Instead, they went straight to the caveman approach.

And they've handed incredible authority to a guy with screaming conflicts of interest.

 

[BlackSand]

CORRECT. its both party's
Start checking them out.
Not what they say
but what they do.
READ the bills check the out comes.
DID The bill benefit US, THE 70%

.

Well ... I did say, "if you have a problem with any of it" ... And I kind of don't ...

But then again ... I have never put a lot of faith in any of that Class Warfare shit ...
And I'm not trying to save the world ... Spending other people's money ... So there's that.

I'll still point people in the right direction ... If they want to help themselves ...
And quit just bitching about everything.

.​

 

[CowboyTed]

And as always, it's not about Trump.

It's about the people who enable him. Like the guy in the trailer home.

That's why they get cranky and try to make this about me.

I agree with you totally on that and there is a very concentrated media and lobby industry there to keep this locked in...

Inject tribalism and this is what you get...

It is not unique to US, these tactics are well proven to work. Just normally in more dictatorial regimes...

Personally I think it was a experiment by Mitch McConnell that went horribly wrong back in 2011... He thought he could stir the pot and then control the crazies... There is a reason we call them the crazies.
Trump just then doubled down on the crazies...

The real question is how does US get out of this... What's the route back to normal and is it achievable...
Jesus Christ himself could be Democrat and they would have painted as a long haired socialist illegal immigrant that should get the Death Penalty...

So what should Democrats do?
I would suggest a formal shadow cabinet with Senior and Junior Shadow Sectaries made up from Congress and Senate. Specialists in there area, when The GOP especially Trump, hit a topic they go on Right Wing Media and very clearly from the same hymn sheet explain it hurts the audience. An disciplined army of Pete Buttigiegs for each area, coordinated by a head of the Shadow Cabinet.
Every night they do national and large media areas, same message, very clear... Some locals as well... Be constant, every night, multiple times if necessary... Take the fight to their turf.