Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.
Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.
Y’all know earnings on corporations are taxed twice, right? Sole proprietorships - taxed once, partnerships - taxed once.
I mean, I’m all for it, fuck corps, they are a funnel for profits at the expense of everything else in society, but let’s put the hate where deserved, like the fact that the government treats them as a fucking (morally bankrupt) limited liability person, rather than just pointing out some voodoo economics financial accounting trick that probably won’t ever change so long as the rules allow them to exist.
They should be taxed twice, and we could surely say they are, but being taxed and actually paying taxes are two very different things in the U.S. tax setup.