capitalism
Out of context: Reply #933
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- utopian5
Elon Musk has repeatedly bragged that he'll pay more in federal taxes for 2021 than anyone has ever paid — about $11 billion. But Tesla apparently won't pay a cent.
Tesla may not plan to pay federal taxes any time in the foreseeable future -- even though the company just reported by far its most profitable year ever. In 2021, Tesla recorded net income of $5.5 billion, and adjusted income of $7.6 billion.
But buried in a footnote of its recent annual financial filing with the Securities and Exchange Commission, Tesla reports that its US operations lost $130 million last year on a pre-tax basis. It claims that all of its pre-tax profits — more than $6 billion worth — came from overseas operations, even though 45% of its revenue came from US sales.
Although Tesla indicates its foreign tax bill came to $839 million, its state tax bill was only $9 million. And its federal tax bill was zero.
- the green new deal by AOC = he'd be getting a nice corrupt gov't kickback for going green.hotroddy
- You're either for subsidizing green tech or you think Tesla should pay taxes.zarkonite
- As usual...he doesn't have a fucking clue.utopian
- Always taking out both side of his ass.utopian
- "talking" or "taint"utopian
- Shouldn’t companies like Tesla be helped until all cars are electric?Chimp
- So which is utopia? Are you in favor of subsiding green tech? If so, once again you contradicted yourself.. . enjoy that amazon prime account. :)hotroddy