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submitted 17 hours ago by [email protected] to c/[email protected]

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Like, if its collapsed, do I file? Do I even have to?

I am most certainly going to pay my state tax, but then what? What about stuff like my social security funds?

(I am asking for others because we're at that point now I suppose)

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[–] [email protected] 4 points 4 hours ago (1 children)

Tesla has sold quite a lot, yet paid almost nothing in taxes. So obviously it doesn't work that way for "everyone".

[–] [email protected] 0 points 3 hours ago

Tesla is not Musk, yes companies are taxed differently than individuals. Notably by profit, not income.

Musk paid $11b in capital gains tax when he sold, that is how capital gains taxes work for everyone. Same as you and me.