jasontheoriginal on Nostr: Tesla has benefited from many unprofitable years. Companies can take advantage of ...
Tesla has benefited from many unprofitable years.
Companies can take advantage of past-year losses without limit.
All companies would write off years off losing billions of dollars. The tax structure is set up in a way to not inhibit growth. They have created tons of jobs, all of them pay taxes. Taxes on building materials, taxes every other thing that they moved through the economy.
Once their tax breaks from unprofitable years are over they will pay massive amouts of taxes like every other company in the US. When you include state corporate taxes, the combined average U.S. corporate tax rate is around 25.8% or 2.8% higher than the global average.
Companies can take advantage of past-year losses without limit.
All companies would write off years off losing billions of dollars. The tax structure is set up in a way to not inhibit growth. They have created tons of jobs, all of them pay taxes. Taxes on building materials, taxes every other thing that they moved through the economy.
Once their tax breaks from unprofitable years are over they will pay massive amouts of taxes like every other company in the US. When you include state corporate taxes, the combined average U.S. corporate tax rate is around 25.8% or 2.8% higher than the global average.