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A comment on Tesla's Musk Paid at Least $593M in Income Taxes in 2016. Parent comment

Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by frgtpsswrdlame on Friday April 21, 2017 @04:08PM (#14168997)
Especially if you take into consideration how much Musk has personally benefitted from a well funded government.

>Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times.

http://www.latimes.com/business/la-fi-hy-musk-subsidies-2015...

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Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by koreyb on Friday April 21, 2017 @04:51PM (#14169335)
Here is a good breakdown of that $4.9bn number https://electrek.co/2015/06/02/complete-breakdown-of-the-4-9... Incentives for creating jobs & tax credits.

Not bad compared to the $12 billion cost for the GM bailout and $4 billion+/yr for oil & gas subsidies.

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Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by nojvek on Saturday April 22, 2017 @10:20AM (#14172632)
If you look at money invested, govt should have let GM go under the bus. Bailouts aren't a great long term fix. They just encourage shitty management
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Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by abalone on Friday April 21, 2017 @04:28PM (#14169142)
And that's just direct subsidies! Don't forget that rockets, autonomous driving[1] and solar power[2] were developed by the government.

[1] https://en.wikipedia.org/wiki/DARPA_Grand_Challenge

[2] https://en.wikipedia.org/wiki/National_Renewable_Energy_Labo...

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Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by mason240 on Friday April 21, 2017 @04:30PM (#14169167)
The idea that he personally used $593M, much less $4.9B worth of government services in 2016 is pretty silly.

He is far from being the sole owner of those companies.

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Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by csallen on Friday April 21, 2017 @04:33PM (#14169194)
The idea isn't that he personally cost the government that much money in service fees. It's that, without those services, he could never have made his money in the first place.
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