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Joined 8 months ago
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Cake day: June 11th, 2025

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  • This is a non-story (except for the continuing fact that the way stock options are taxed is bullshit, and that Elmo’s tax breaks should be extra scrutinized due to his suspiciously close relationship with the administration).

    Tesla not paying taxes is a good thing, because it means they’re losing buckets of money from people not buying their trash cars.

    Tesla’s revenue being 4 billion or 10 trillion doesn’t matter if their expenses exceed that income - you don’t pay taxes on your business either if your business expenses exceed your revenue, and you can carry forward your own losses to future tax years as well.

    And accelerated depreciation is perfectly consistent with GAAP as long as you’re consistent with your reporting - it just means you get more of a tax benefit on depreciation in the short-term and lose out on that benefit in the long-term.