top | item 44924295

(no title)

_acco | 6 months ago

Clickbait title.

First, this is narrowly about federal income tax. SpaceX presumably pays plenty of other taxes.

Second, using the projected profits in the article, SpaceX will have exhausted its NOL pool by the end of this year, and so will pay billions in federal income tax next year.

But more important: the whole point of these tax cuts and programs is to let businesses use losses today so they can create value — and tax revenue — tomorrow. Of course, if you take a snapshot after part 1 but before part 2, it will always look like “X gets Y from government and gives nothing back”.

discuss

order

Larrikin|6 months ago

>SpaceX presumably pays plenty of other taxes

Do you have any evidence of this?

_acco|6 months ago

You think they don’t pay payroll tax, sales tax, or property tax?

Operating a business means consuming and producing things, which involves paying taxes.