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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1521057)

2/9/2025 2:22:16 PM

From: Maple MAGA

4 Recommendations

Recommended By
FJB
locogringo
longz
Mick Mørmøny

Read Replies (5) | Respond to of 1569841

Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income
The income was offset by reinvesting in new facilities.

NIH cuts billions of dollars in biomedical funding, effective immediately
Excellent news, they cannot even cure the common cold.

Judge Halts Access to Treasury Payment Systems by Elon Musk’s Team
The Judge cannot stop auditors and that process is going on right now.

The Cybertruck Appears to Be More Deadly Than the Infamous Ford Pinto, According to a New Analysis
Okay

German court orders X to hand over election data in legal blow to Musk’s platform
As a U.S. Corporation X is under no obligation to bey a EU Court.

The City of Montreal has dropped Amazon from its list of suppliers, pledges to buy local
This will devastate pencil suppliers in China and N. Koreans that mark the sharpeners.

To: Wharf Rat who wrote (1521057)	2/10/2025 11:52:22 AM
From: Tenchusatsu	3 Recommendations Recommended By Brumar89 denizen48 Fiscally Conservative Read Replies (1) \| Respond to of 1569841

Wharfie, Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income From the article: Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income (Truthout.org) According to ITEP, Tesla was able to avoid paying $500 million in taxes by using *accelerated depreciation, a tax avoidance method and incentive for businesses which allows companies to write off the costs of an asset faster than it would normally actually lose value*. The company dodged another $300 million in its tax bill by claiming “unspecified ‘U.S. tax credits,’” ITEP said. Seems pretty clever. Take depreciation costs now while you're making money. Of course you won't be able to take them in the future when the actual depreciation occurs, but by then Tesla will probably be swimming in red ink again. What I don't understand, however, is why Tesla doesn't have to report the "accelerated depreciation" in their GAAP earnings. If Tesla can tell the Feds that they earned zero income in Q4, shouldn't the investors be told this as well? Tenchusatsu