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They also make $3B in profit every year so they generate a huge amount of tax revenue and will continue to for a very long time with Falcon and Starlink.
by dmix 2y ago
They also make $3B in profit every year so they generate a huge amount of tax revenue and will continue to for a very long time with Falcon and Starlink.
- fldskfjdslkfj 2y agoIt's nice of you to assume they pay a "fair" tax rate but based on Tesla I don't see that happening: https://itep.org/tesla-reported-zero-federal-income-tax-in-2024/ https://itep.org/tesla-reported-zero-federal-income-tax-in-2...
- dmix 2y agoI'm not sure if deferred losses counts as 'unfair' or not, they exist in Canada and other western countries too. Employees, vendors, capital gains, property taxes, fees, etc generate plenty of tax revenue regardless of federal corporate tax rate. It's basically impossible for an $8 billion a year revenue business to not result in large amount of tax revenue for the various branches of gov.
- fldskfjdslkfj 2y agoSure, but I guess what i'm implying is that some companies and business tycoons will do everything in their hand to pay as little tax as possible, and I'm pretty sure Musk is one of those people. And yes, most companies will try to minimize taxes (shareholder obligations and all that), but I do think some use much more aggressive tactics than others and will use every loophole and every accounting trick possible.
- mvkel 2y agoI'm sure they're still deploying years of loss carry-forwards. Nothing wrong with that, but I doubt they're generating tax revenue yet. That'll eventually change of course, and they'll be the best space game in town.
- deleted 2y ago[deleted]