The reason we're only hearing about spending cuts

[Moonglow]

Does Amazon? If they don't pay taxes, it's not because of anything trump did, right?

THen they need no tax reduction legislation.

 

[LAUGHatLEFTISTS]

Billiejeens

I understand don't blame the player, blame the game...

But Elon and Trump are setting the rules of the game now...

I don't see them changing them to favour the little guy...

Trump didn't the last time.
Elon seems to have pretty much no empathy, very doubtful

We don’t have a taxing problem. We have a spending problem . Trump and Musk are addressing it. The Butbutbutbut the rich don’t pay taxes the dems use on the useful idiots won’t work on rational Americans.

 

[jc456]

THen they need no tax reduction legislation.

Funny, they need to make the current tax law permanent or we add 4 trillion to the budget! I bet you didn’t know that

 

[Toddsterpatriot]

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

Except I've never included tax payments on my return for the
earnings of any corporation.

 

[theHawk]

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

It’s a large business that employs thousands of people. They pay payroll tax, and all their employees pay income tax on that, including their CEO, Elon.

You are also conflating their US side business with international business. They had a net operating loss, which is why they didn’t pay “income” taxes for the last year.

Tesla has lost a lot of money over the last year, mainly because he supports America First and the left hate him for exposing all their USAIDS abuse and corruption.

 

[whitehall]

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.

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.

 

[BrokeLoser]

Except I've never included tax payments on my return for the
earnings of any corporation.

Here…I’ll spell it out for hair-splitting semantics loving dumbfucks like Mac1958
Buttfuckers USA Inc. elected to form a C-Corp and has a net profit of $100k, the corp issues Al Depantsu the lone shareholder a 1099-DIV for $100k…Al pays income tax on the $100k

Ass Pounders Inc. elected to form an S-Corp and has a net profit of $100k, the corp issues Mike Hunt the lone shareholder a K-1 for $100k….Mike pays income tax on the $100k

Either way taxes are paid on the corp profit…Get it now?

 

[toobfreak]

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

Hey jackass, I see as usual everyone here laughs at you, except for occasionally a few twits with enough shorts in their brain to think they agree with what you appear to be saying.

No surprise, of course. To some of us.

Yep. You extra-special super smart insider genius Illuminati are all hep to what is /really/ going on.
That leaves out all us regular hoi polloi cave-dwelling troglodytes still wearing our aluminum Trump brainwashing caps being controlled from Russia.

Actually, had you ever been a real company-owning entrepreneur, or even the slightest bit honest and knew what you were talking about, you would know that the reason a guy like Musk doesn't report any federal income is because he actually HAS no personal income. All that money belongs to the corporation.

And the tax code allows for creative and productive people who, unlike you, contribute greatly to society, to legally live off of that.
You don't see Musk being arrested for tax crimes, do you? He is following the law.
You know, the tax laws written mostly by democrats in Congress that help make Nancy Pelosi rich.

 

[Billiejeens]

It’s a large business that employs thousands of people. They pay payroll tax, and all their employees pay income tax on that, including their CEO, Elon.

You are also conflating their US side business with international business. They had a net operating loss, which is why they didn’t pay “income” taxes for the last year.

Tesla has lost a lot of money over the last year, mainly because he supports America First and the left hate him for exposing all their USAIDS abuse and corruption.

That whole free speech thingy broke them.

 

[BrokeLoser]

That whole free speech thingy broke them.

The sick fucked in the head bastards were DESTROYED at “America First / Make America Great Again”

 

[Billiejeens]

The sick fucked in the head bastards were DESTROYED at “America First / Make America Great Again”

But they turned on Elon prior to that.

 

[Clipper]

All thanks to your beloved Dems giving Green energy tax breaks.

I thought EVs were saving the planet? Dems have been subsidizing “clean energy” for years.

So which is it? Are EVs saving the planet or are they bad and need to be taxed?

Why did Krasnov remove his face from Elon's ass long enough to put on a car show of Tesla's on the W.H. lawn, MAGA, bedwetter?

 

[Toddsterpatriot]

Here…I’ll spell it out for hair-splitting semantics loving dumbfucks like Mac1958
Buttfuckers USA Inc. elected to form a C-Corp and has a net profit of $100k, the corp issues Al Depantsu the lone shareholder a 1099-DIV for $100k…Al pays income tax on the $100k

Ass Pounders Inc. elected to form an S-Corp and has a net profit of $100k, the corp issues Mike Hunt the lone shareholder a K-1 for $100k….Mike pays income tax on the $100k

Either way taxes are paid on the corp profit…Get it now?

elected to form a C-Corp and has a net profit of $100k, the corp issues Al Depantsu the lone shareholder a 1099-DIV for $100k…Al pays income tax on the $100k

The C-Corp would owe $21K on its net profit.
Al would also owe tax on his $79K dividend.

elected to form an S-Corp and has a net profit of $100k, the corp issues Mike Hunt the lone shareholder a K-1 for $100k….Mike pays income tax on the $100k

Correct, only one layer of federal taxation.

 

[Crepitus]

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.

 

[Toddsterpatriot]

View attachment 1089271

Why is the Democrat politician on the right voting Republican?

 

[BrokeLoser]

View attachment 1089271

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?

 

[Mac1958]

View attachment 1089271

But all they have to do is vote Republican, and they'll be rich!

They'll be able to better afford the overpriced mobile home they're renting from one of the private equity firms a billionaire owns!

 

[Mac1958]

This is the problem with our tax code.

Finally someone gets it. Draconian measures aren't needed here, and our government "leaders" have completely failed to fix this. Wealth disparity has effects, they grow quickly, and they'll only get worse.

The rubes are trained to vigorously defend the very people who are literally benefitting the most from their life's frustrations. A perfect example of the Stockholm Syndrome. Absolutely perfect.

 

[j-mac]

Finally someone gets it. Draconian measures aren't needed here, and our government "leaders" have completely failed to fix this. Wealth disparity has effects, they grow quickly, and they'll only get worse.

Tell us how they could do this?

The rubes are trained to vigorously defend the very people who are literally benefitting the most from their life's frustrations. A perfect example of the Stockholm Syndrome. Absolutely perfect.

Then, if it’s so clear to you, and so simple to fix, why haven’t you done it?

 

[22lcidw]

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.

It was not about the trailer park. It was about freedom.