Report Reveals $0 Federal Income Taxes Paid for 5 Years, $1 Million Refund
Profits, Tax Loopholes, and a $1 Million Refund Raise Eyebrows
A new report of Gizmodo says Tesla led by Elon Musk but didn’t pay any federal income taxes for five years. That’s despite making profits recently. Tesla got a $1 million tax refund. This means Tesla avoided paying taxes through tricky accounting and using loopholes. Elon Musk, Tesla’s CEO got paid a lot of money—$2.5 billion in total. Musk talks about paying lots of taxes but the report suggests Tesla is avoiding taxes while benefiting from government help. Tesla hasn’t said anything about its tax practices.
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Report Reveals $0 Federal Income Taxes Paid for 5 Years, $1 Million Refund. (photo: Entrepreneur)
Tax Equality Advocates Demand Action After Report Exposes Tesla’s $0 Tax Payments and $1 Million Refund
Furthermore, people are asking for clearer rules on taxes. The report shows how big companies sometimes avoid paying taxes. It’s a reminder that everyone should pay their fair share no matter how big or small.
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