andrewwperkins on Nostr: Quoted from @DefiyantlyFree: "Tesla paid no income tax because there are (a) ...
Quoted from @DefiyantlyFree: "Tesla paid no income tax because there are (a) accelerated depreciation rules for companies that make massive investments in assets (b) tax breaks related to executive stock options and (c) tax credits for EVs which were championed by [the Democrat] party.
Tesla employs 125,000 people. If you take 70,000 as an average salary for said employees that’s a payroll of 8.8 billion dollars.
So Telsa paid around 673 million on their behalf into social security and Medicare.
Oh and Musk personally paid 11 billion dollars in taxes last year.
Facts without proper context are propaganda."
Tesla is investing billions around to world for EV charging, infrastructure, battery deployment, driving down unit costs, and lithium refining. Plowing profits back into the company (rather than giving back to shareholders or compensation for C-level) is a positive thing. I'd rather have Elon deciding where to invest the profits from his companies than the Govt.
Tesla employs 125,000 people. If you take 70,000 as an average salary for said employees that’s a payroll of 8.8 billion dollars.
So Telsa paid around 673 million on their behalf into social security and Medicare.
Oh and Musk personally paid 11 billion dollars in taxes last year.
Facts without proper context are propaganda."
Tesla is investing billions around to world for EV charging, infrastructure, battery deployment, driving down unit costs, and lithium refining. Plowing profits back into the company (rather than giving back to shareholders or compensation for C-level) is a positive thing. I'd rather have Elon deciding where to invest the profits from his companies than the Govt.