Sen. Elizabeth Warren (D-Mass.) has slammed Tesla Inc. (NASDAQ:TSLA) for failing to pay any federal income taxes in 2025.
In a post on the social media platform X on Monday, Warren expressed her criticism of the Elon Musk-led EV giant. “Does that seem fair to you?” she said in the post, sharing an image that said that Tesla had paid “$0.00” in Federal income taxes last year.
Does that seem fair to you? pic.twitter.com/OL6PlfKTPy
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Warren’s claims are backed by The Institute on Taxation and Economic Policy, a non-profit organization based in Washington, DC. The organization, in a report released on January 29, said that the company “received over $1.1 billion in federal income tax breaks.” The report cites financial data released by Tesla.
It also added that the EV giant paid “precisely zero” in current income taxes, adding that over three years, the company paid $48 million on a $12.58 billion U.S. income. While it does say that Tesla paid over $28 million in cash taxes to the government in 2025, it could be related to tax years before 2025.
Benzinga has reached out to Tesla for a comment.
Meanwhile, Musk had earlier claimed that the amount of taxes paid by him to the government, in a year’s time, “broke” the Internal Revenue Service’s (IRS) system because there were “too many digits.”
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Elsewhere, California Governor Gavin Newsom (D) had said that the proposed one-time 5% wealth tax, which is chasing over 900,000 signatures, does not make sense, expressing concern over such a bill. The proposed legislation will apply to individuals with net worths above $1 billion.
Amid the proposed tax, Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg has reportedly bought a mansion in Florida’s Indian Creek area, which is often referred to as the “billionaire bunker.” It’s worth noting that Florida offers a zero state income tax for ultra-high net worth individuals.
Photo courtesy: Shutterstock
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