Tesla Under Fire for Dodging Federal Taxes: A $2.3 Billion Controversy!
Tesla reportedly paid $0 in federal income tax for 2024, despite earning a whopping $2.3 billion in U.S. income. Over three years, Tesla's effective tax rate was an astonishingly low 0.4% on $10.8 billion, thanks to tax strategies like accelerated depreciation and stock option breaks. This legal tax avoidance has sparked public outrage, drawing attention to the broader issues of income inequality and corporate tax loopholes.
Jan 31