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turbinetree

(27,139 posts)
Thu Jan 29, 2026, 06:03 PM 7 hrs ago

How Much Federal Income Tax Will Elon Musk's Tesla Pay on $5.7 Billion in 2025 Revenue? $0

By Julia Conley
Published Jan 29, 2026

The Trump administration and Republicans in Congress “have allowed a hugely profitable corporation to avoid paying even a dime of federal income tax on their 2025 US profits.”

Tesla, the electric car company led by former Trump administration special government employee Elon Musk, released its annual financial report Thursday, showing that it doubled its yearly income in 2025 over the previous year and brought in $5.7 billion.

The company, whose CEO spent several months rooting out what he claimed was fraud and waste across the federal government, reported “precisely zero current federal income tax” on the billions it made, according to an analysis by the Institute on Taxation and Economic Policy (ITEP).

The group explained that Tesla used accelerated depreciation, reducing the value of its capital assets, while also slashing its tax bill with tax breaks for its executive stock options.

https://www.commondreams.org/news/does-tesla-pay-taxes

Ah yes the accelerated depreciation BS.............and the stockholders gave this POS a trillion dollar pay package............accelerated depreciation.......................see how the game is played..............and taxpayers are left holding bag............and then my social security is going to held hostage by this POS somehow somewhere into the future............

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How Much Federal Income Tax Will Elon Musk's Tesla Pay on $5.7 Billion in 2025 Revenue? $0 (Original Post) turbinetree 7 hrs ago OP
According to Bloomberg News, Musk is also considering Tesla merge with SpaceX lostincalifornia 7 hrs ago #1
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