4 ms·
If 0% is how they work, then they don't work.
by snypher 2y ago
If 0% is how they work, then they don't work.
- linksnapzz 2y agoHow much in taxes should you pay on a loss?
- sangnoir 2y agoIs this a trick question about Hollywood accounting?
- roenxi 2y agoIt isn't Hollywood accounting, it is just that Tesla isn't very profitable once the proper accounting is done. If you tax profits and companies don't have a lot of them then they won't pay taxes. Particularly if the government puts tax incentives in place to encourage people to go in to solar and EVs.
- jmward01 2y agoI guess that explains why Elon is so poor and the company is valued at practically nothing compare to all other automakers.
- lesuorac 2y agoI urge you to check out the valuation of $Fartcoin. The value of an speculative item is not linked to it's yield.
- roenxi 2y agoValuation != profits. Tesla's profits do not explain Musk's wealth, people have been pointing out for years that the valuations of companies like Tesla make little sense. There was a long stretch of many years where they were bleeding red ink like crazy with not much to show for it. The tax system works on accounting reality, not the opinions of stock traders.
- bmicraft 2y agoBut it _is_ profit, just without directly paying it out.
- lesuorac 2y agoBut that's the thing, if I take my entire salary and lose it gambling I still owe the government taxes. I the person am taxed on revenue. If instead I have a corporation handle everything then I can come up with (relatively simple) systems so that I don't pay taxes and the corporation doesn't pay taxes either.
- linksnapzz 2y agoGambling isn't considered an investment. It's consumption.
- ribosometronome 2y agoYou asked: >How much in taxes should you pay on a loss?
- kjksf 2y agoIt was implied that the loss here was defined as difference between corporate revenues and expenses. This concept doesn't apply to personal income taxes and gambling losses.
- johnnyanmac 2y agoyes yes, different rules for the rich than the working class. That is true, but not just.
- scotty79 2y agoInvestment is a form of gambling.
- kccoder 2y agoPlenty of people experience a net loss after paying for the goods, services, and amenities required to keep themselves and their families alive.
- noselasd 2y agoWhat if they pay more taxes in the future by using a system for paying less take this time?
- downrightmike 2y agoThere is no future, only today, short terms results
- refurb 2y agoThat's seems like a claim not root in an understanding of how businesses work. If a company invest $3B to become profitable, it seem entirely logical that they can use those expenses to offset any future profit. If you don't don't do that, companies that require large investments to become profitable simply won't exist.