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- FUN WITH NUMBERS: HOW TESLA PAYS LESS IN TAXES THAN YOU 📢
FUN WITH NUMBERS: HOW TESLA PAYS LESS IN TAXES THAN YOU 📢
FUN WITH NUMBERS: HOW TESLA PAYS LESS IN TAXES THAN YOU 📢
Alright, kids, time for today’s math lesson! Grab your calculators and try to solve this riddle:
🚗 Tesla’s 2022 earnings: $5.5 BILLION
💰 Federal taxes paid: $0
🤑 Tesla’s 2023 earnings: $3.1 BILLION
💵 Federal taxes paid: $48 million (a whole 1.5% of earnings)
📉 Tesla’s 2024 earnings: $2.3 BILLION
💸 Federal taxes paid: $0 (Again!)
Now, let’s compare that to an average American making $50,000 a year.
🎯 Federal tax rate? ~12%
🎯 Amount paid? ~$6,000
Tesla paid less than 0.5% in taxes over three years—or the equivalent of a regular worker paying $250 per year.
And just to make things extra fun, guess how much Tesla happily handed over to China in taxes during that same time?
🇨🇳 $1 BILLION. That’s right—Tesla pays 20X more to China than to the country that made Elon Musk the world’s richest man.
So, next time Musk pretends to be a champion of American values, remember:
He’s making billions, paying almost nothing here, and writing billion-dollar checks to foreign governments. What a patriot!