this post was submitted on 03 Feb 2026
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Did you pay your taxes? (sh.itjust.works)
submitted 1 day ago by thal3s@sh.itjust.works to c/whitepeopletwitter@sh.itjust.works
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Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.

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[–] lolola@lemmy.blahaj.zone 2 points 14 hours ago (1 children)

Oh cool, I can write these off on my taxes! Oh oops, the standard deduction is higher. Well, maybe next year itemizing will save me more!

(Next year): Hm, maybe next year.

(Next year): Hm, maybe next year.

(Next year): Maybe next year.

[–] btsax@reddthat.com 3 points 13 hours ago (1 children)

Above the line deductions reduce your taxable income, from there you take the standard deduction or itemize. You are conflating two separate events