[_acco]

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”.

[Larrikin]

>SpaceX presumably pays plenty of other taxes

Do you have any evidence of this?

[_acco]

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.

[pavlov]

Payroll tax is paid by the employees, not the company.

As for property tax, didn’t SpaceX move to its remote Texas location (“Starbase”) specifically to avoid taxes and regulations and to run its own company town.

[_acco]

False, payroll taxes are split.

And Texas is famous for its property taxes.

[felix_n]

Also false, SS and Medicare taxes are split, but federal income tax is not, with the latter typically being higher.

[votepaunchy]

Most Americans pay more in payroll taxes than income tax:

https://taxfoundation.org/taxedu/glossary/payroll-tax/

[itsdrewmiller]

Income tax is not payroll tax.