Post #3414915
2026-04-20 12:50 UTC
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However, note that even if Tesla had to pay taxes in the United States on this $18 billion of profits it would have paid $400 million of taxes. (Ref https://economictimes.com/news/international/business/elon-musk-scorned-shady-loopholes-yet-offshore-tax-tricks-likely-saved-tesla-hundreds-of-millions/articleshow/130389082.cms. By the way, I have no idea how it would be such a small number!)
If an individual made $18 billion of income they would have to pay roughly half of it - $9 billion - as taxes.
So there's something else gravely wrong with this situation.
Replies (1)
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@jmcrookston@mastodon.social 2026-04-20 12:53
Finally, all these tax shenanigans are just straight up making Elon Musk rich. That's it. It's just more con man bullshit because all of these savings pump the stock price which goes straight in his pocket for the most part. He's just a boy-faced con man. And a racist Nazi of course.