People Twitter

9380 readers

1784 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

Mark NSFW content.
No doxxing people.
Must be a pic of the tweet or similar. No direct links to the tweet.
No bullying or international politcs
Be excellent to each other.
Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician. Archive.is the best way.

founded 2 years ago

MODERATORS

SendMeYourTaTas@sh.itjust.works

pelespirit@sh.itjust.works

1230

Did you pay your taxes? (sh.itjust.works)

submitted 1 day ago by thal3s@sh.itjust.works to c/whitepeopletwitter@sh.itjust.works

85 comments fedilink hide all child comments

Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.

you are viewing a single comment's thread
view the rest of the comments

[–] jubilationtcornpone@sh.itjust.works 4 points 15 hours ago (1 children)

I'm all for corporations and the wealthy paying their fair share of taxes, which they often don't.

However, revenue is not income and gains on investments are unrealized gains until you sell your shares and withdraw the cash.

If I'm reading Tesla's income statement correctly, they expect to pay something like $1.4B in taxes on $5.2B in income for 2025. Figures calculated using fuzzy pre-coffee math in my head and may not reflect any reasonable accounting standards

[–] pelespirit@sh.itjust.works 10 points 14 hours ago* (last edited 13 hours ago)

I think people are upset about that loophole. Businesses buy yachts, trips around the world and bribing politicians for their owners and the common person is just trying to not die.