Huh. Via "net operating loss carryforward" Musk's SpaceX has avoided paying federal taxes despite earning $7.4B last year and getting 84% of its support from the federal government in a recent year (2020).
In contrast, Microsoft paid $14b in taxes last year.
www.nytimes.com/2025/08/15/t...
In contrast, Microsoft paid $14b in taxes last year.
www.nytimes.com/2025/08/15/t...
SpaceX Gets Billions From the Government. It Gives Little to Nothing Back in Taxes.
www.nytimes.com
August 15, 2025 at 12:39 PM
Huh. Via "net operating loss carryforward" Musk's SpaceX has avoided paying federal taxes despite earning $7.4B last year and getting 84% of its support from the federal government in a recent year (2020).
In contrast, Microsoft paid $14b in taxes last year.
www.nytimes.com/2025/08/15/t...
In contrast, Microsoft paid $14b in taxes last year.
www.nytimes.com/2025/08/15/t...
SpaceX benefitted from the 2017 Trump tax bill sunsetting the net operating loss carryforward use from a 20-year period to infinity. SpaceX has accumulated about $3B in losses since its founding in 2002.
August 15, 2025 at 12:39 PM
SpaceX benefitted from the 2017 Trump tax bill sunsetting the net operating loss carryforward use from a 20-year period to infinity. SpaceX has accumulated about $3B in losses since its founding in 2002.
I took my refund as a carryforward to next year because I don’t need them touching my bank account and I don’t trust them to deliver it on time in any case
March 17, 2025 at 1:32 AM
I took my refund as a carryforward to next year because I don’t need them touching my bank account and I don’t trust them to deliver it on time in any case
One of those is mine. We did finally receive the NOA last week, including carryforward. Data point of one I realize, but that one moved finally.
June 9, 2025 at 3:07 PM
One of those is mine. We did finally receive the NOA last week, including carryforward. Data point of one I realize, but that one moved finally.
tax loss carryforward provisions are in the bible tho*
*cuz this is the internet, they're really not
*cuz this is the internet, they're really not
Dear Reporters,
If you’re interviewing a theocrat who says “all our laws are based on the Ten Commandments” and you don’t immediately ask them to provide evidence and examples for that laughably stupid claim, just go ahead and quit your job.
www.nytimes.com/2024/06/21/u...
If you’re interviewing a theocrat who says “all our laws are based on the Ten Commandments” and you don’t immediately ask them to provide evidence and examples for that laughably stupid claim, just go ahead and quit your job.
www.nytimes.com/2024/06/21/u...
June 23, 2024 at 4:46 PM
tax loss carryforward provisions are in the bible tho*
*cuz this is the internet, they're really not
*cuz this is the internet, they're really not
84% des revenus de SpaceX viennent de contrats fédéraux (2020). Les pertes du passé permettent à l'entreprise de payer peu (voire pas) d'impôts, sans limite temporelle depuis 2017 (mécanisme du carryforward), même si elle fait des bénéfices.
Et ça se dit libertarien
www.nytimes.com/2025/08/15/t...
Et ça se dit libertarien
www.nytimes.com/2025/08/15/t...
SpaceX Gets Billions From the Government. It Gives Little to Nothing Back in Taxes.
www.nytimes.com
August 30, 2025 at 10:02 AM
84% des revenus de SpaceX viennent de contrats fédéraux (2020). Les pertes du passé permettent à l'entreprise de payer peu (voire pas) d'impôts, sans limite temporelle depuis 2017 (mécanisme du carryforward), même si elle fait des bénéfices.
Et ça se dit libertarien
www.nytimes.com/2025/08/15/t...
Et ça se dit libertarien
www.nytimes.com/2025/08/15/t...
6/ Say a business made $5 mil in one year but had $6 mil in expenses, for a net loss of $1 mil. Net loss carryforward allows some of that loss to be declared on taxes for 20 years to reduce future taxes, and that's what's Trump has done.
March 25, 2024 at 5:56 PM
6/ Say a business made $5 mil in one year but had $6 mil in expenses, for a net loss of $1 mil. Net loss carryforward allows some of that loss to be declared on taxes for 20 years to reduce future taxes, and that's what's Trump has done.
Prior years may have a net operating loss carryforward
September 23, 2026 at 4:02 PM
Prior years may have a net operating loss carryforward
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February 12, 2024 at 4:29 AM
i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living i love apartment living
There a plenty of areas of the tax code where deductions are limited and there is not an unlimited carryforward so you may not get benefit of a loss. And as you said, he’s an amateur, he’s lucky he gets any losses. I don’t get to deduct my costs as a W2 employee.
July 2, 2025 at 2:35 AM
There a plenty of areas of the tax code where deductions are limited and there is not an unlimited carryforward so you may not get benefit of a loss. And as you said, he’s an amateur, he’s lucky he gets any losses. I don’t get to deduct my costs as a W2 employee.
I legitimately laughed at proposing multiple imputation plus last observation carryforward
March 5, 2026 at 12:35 PM
I legitimately laughed at proposing multiple imputation plus last observation carryforward
"the phase in period will not involve recognition of carryforward losses, and will last (as the great Jenna Maroney once said) until the end of this sentence."
May 18, 2026 at 2:28 PM
"the phase in period will not involve recognition of carryforward losses, and will last (as the great Jenna Maroney once said) until the end of this sentence."
I suspect they are misclassifying some opex as R&D. Makes the gross margins look better and it might also trigger the R&D tax credit although it's gonna take forever to work off the carryforward if ever.
June 16, 2026 at 7:45 PM
I suspect they are misclassifying some opex as R&D. Makes the gross margins look better and it might also trigger the R&D tax credit although it's gonna take forever to work off the carryforward if ever.
It's called a net operating loss carryforward. It applies to any business, and the fact SpaceX didn't pay taxes those years means it lost a shit-ton of money in prior years.
www.investopedia.com/terms/n/neto...
www.investopedia.com/terms/n/neto...
Net Operating Loss (NOL): Definition and Carryforward Rules
A net operating loss (NOL) is when a company’s allowable deductions exceed its taxable income within a tax period.
www.investopedia.com
August 22, 2025 at 5:41 PM
It's called a net operating loss carryforward. It applies to any business, and the fact SpaceX didn't pay taxes those years means it lost a shit-ton of money in prior years.
www.investopedia.com/terms/n/neto...
www.investopedia.com/terms/n/neto...
Signed and shared. My water bill is increasing by 64%, Thames Water. This is their response to me:
Thank you for the details. The direct debit payment plan amount increased by the system to cover up present and future bills. If any carryforward amount in the account is adjusted in the account.
Thank you for the details. The direct debit payment plan amount increased by the system to cover up present and future bills. If any carryforward amount in the account is adjusted in the account.
February 27, 2025 at 4:23 PM
Signed and shared. My water bill is increasing by 64%, Thames Water. This is their response to me:
Thank you for the details. The direct debit payment plan amount increased by the system to cover up present and future bills. If any carryforward amount in the account is adjusted in the account.
Thank you for the details. The direct debit payment plan amount increased by the system to cover up present and future bills. If any carryforward amount in the account is adjusted in the account.
Delvaux Créateur SA had negative equity of 13m€, a loss carryforward of 66m€ and total debt (mainly provided by Richemont) of 126.5m€. Hardly a success story for Richemont. #$CFR
April 17, 2026 at 6:42 AM
Delvaux Créateur SA had negative equity of 13m€, a loss carryforward of 66m€ and total debt (mainly provided by Richemont) of 126.5m€. Hardly a success story for Richemont. #$CFR
Dozens and dozens of people have spoken in favor of the Equitable Development Initiative over the past two-plus hours. Maritza Rivera and Councilmember Cathy Moore, who joined Rivera in abstaining from the carryforward ordinance over this "issue" earlier this month, just left the dais together.
May 28, 2024 at 11:16 PM
Dozens and dozens of people have spoken in favor of the Equitable Development Initiative over the past two-plus hours. Maritza Rivera and Councilmember Cathy Moore, who joined Rivera in abstaining from the carryforward ordinance over this "issue" earlier this month, just left the dais together.
Writedown and Loss Carryforward, my stepson, have taken their own path
July 10, 2024 at 6:55 PM
Writedown and Loss Carryforward, my stepson, have taken their own path
I particular, I was interested in where carryforward comes from. I know in my unit, we direct our carryforward to ways to support students best (we don't have faculty members in my unit) like hiring temporary staff in clerical roles and funding programs for graduate students.
September 13, 2025 at 12:58 PM
I particular, I was interested in where carryforward comes from. I know in my unit, we direct our carryforward to ways to support students best (we don't have faculty members in my unit) like hiring temporary staff in clerical roles and funding programs for graduate students.
SpaceX uses the tax benefit known as net operating loss carryforward - offsetting $5 billion in losses against future taxable income.
August 16, 2025 at 12:52 PM
SpaceX uses the tax benefit known as net operating loss carryforward - offsetting $5 billion in losses against future taxable income.
Why's this important? Oakland has $143.7M in transportation funding needs this upcoming year, but w/o Measure U funding only $31M available. Voters passed Measure U w over 75% support in 2022. It's restricted funding the city's been collecting in taxes, separate from the general fund budget crisis.
March 17, 2025 at 6:31 PM
Why's this important? Oakland has $143.7M in transportation funding needs this upcoming year, but w/o Measure U funding only $31M available. Voters passed Measure U w over 75% support in 2022. It's restricted funding the city's been collecting in taxes, separate from the general fund budget crisis.
Tumwater just took a major step toward addressing housing needs by approving $275,000 for 70 permanent supportive housing units!
Get the details!
#TumwaterThurstonCounty #WA #CitizenPortal #AffordableHousing #LocalGovAI #CommunityDevelopment
Get the details!
#TumwaterThurstonCounty #WA #CitizenPortal #AffordableHousing #LocalGovAI #CommunityDevelopment
Tumwater approves $275,000 carryforward and signs interlocal amendment for 70 supportive-housing units
Council authorized the mayor to sign a second amendment to an interlocal agreement with Lacey, Olympia and Thurston County that carries forward a previously committed $275,000 and revises the unit mix for a 70-unit permanent supportive housing project at 527 Franz Anderson Road.
citizenportal.ai
September 18, 2026 at 7:13 PM
Tumwater just took a major step toward addressing housing needs by approving $275,000 for 70 permanent supportive housing units!
Get the details!
#TumwaterThurstonCounty #WA #CitizenPortal #AffordableHousing #LocalGovAI #CommunityDevelopment
Get the details!
#TumwaterThurstonCounty #WA #CitizenPortal #AffordableHousing #LocalGovAI #CommunityDevelopment
Japan is reducing crypto tax from 55% to 20.315%, introducing a three-year loss carryforward to align crypto with traditional stocks.
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briefly.co
April 7, 2026 at 6:53 AM
Japan is reducing crypto tax from 55% to 20.315%, introducing a three-year loss carryforward to align crypto with traditional stocks.
That's why I understand why LTA positions can't just automatically be rolled into tenure stream positions. Perhaps some can, but it would be irresponsible and ingenuine for the university to essentially promise longterm employment using carryforward
September 13, 2025 at 12:59 PM
That's why I understand why LTA positions can't just automatically be rolled into tenure stream positions. Perhaps some can, but it would be irresponsible and ingenuine for the university to essentially promise longterm employment using carryforward