New $59k Cybertruck version announced

[Dark-Fx]

Isn't it cool how anyone can be anything on the internet?

I'm the world's first Trillionaire, but you don't hear me bragging about it.

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[Dark-Fx]

ever...but I'm going to get F'k in taxes owed in the next 2mths when I do them.

That's crazy that you don't follow Safe Harbor rules

 

[Motoarzon]

That's crazy that you don't follow Safe Harbor rules

Nothing crazy. I'm refering to year 2025 taxes that I will be filing within the next 2 mths. It was 2025 that I had a significant investment income bump. Currently I'm only paying and owe quarterly tax installments based on my 2024 taxes.
I'm in Canada and this is how the Canada Revenue does it.
We get killed on taxes though compared to you guys. My rate is 53.53% combined Federal + Provincial. Thats the top bracket which starts at only $258k $CDN of income (which is only about $184k US equivalent).
But the first $258k is progressive so the average rate works out a little less, in my case around 38%

 

[Dark-Fx]

Nothing crazy. I'm refering to year 2025 taxes that I will be filing within the next 2 mths. It was 2025 that I had a significant investment income bump. Currently I'm only paying and owe quarterly installments based on my 2024 taxes.
I'm in Canada and this is how the Canada Revenue does it.

Oh so this is all funny money then.

 

[Hereforthesnacks]

Looks aside, that is a lot of value for $60k. And quite honestly, some of the changes are actually for the better (ie coil over air suspension). If it weren't so polarizing, I'd say good job.

Imagine if it were a normal looking truck with that tech. They would have sold millions.

 

[Hereforthesnacks]

Nothing crazy. I'm refering to year 2025 taxes that I will be filing within the next 2 mths. It was 2025 that I had a significant investment income bump. Currently I'm only paying and owe quarterly tax installments based on my 2024 taxes.
I'm in Canada and this is how the Canada Revenue does it.
We get killed on taxes though compared to you guys. My rate is 53.53% combined Federal + Provincial. Thats the top bracket which starts at only $258k $CDN of income (which is only about $184k US equivalent).
But the first $258k is progressive so the average rate works out a little less, in my case around 38%

If your effective tax rate at the top bracket is 38%, you are getting a damn good deal.

 

[Thedude]

Oh so this is all funny money then.

If you want funny money go to Singapore. It’s about half the size of US dollars, colorful and feels like it’s made of plastic. I’m pretty sure it’s made at the same factory that makes children’s board game money.

 

[Motoarzon]

If your effective tax rate at the top bracket is 38%, you are getting a damn good deal.

Only because investment income (capital gains) is taxed and counted as income on only "50% of the gain". Dividend income also has a gross up for Canadian dividends and we get back a foreign tax credit for US dividends. All this lessens the tax burden. Had the income been from a regular working paycheque it would be 46.82%....I just quickly switched the figures in my tax program and made it all regular T4 employment income. Oh, and 48.82% is the net "after" using up all your deductions to bring it down as much as possible.

 

[Hereforthesnacks]

Only because investment income (capital gains) is taxed and counted as income on only "50% of the gain". Dividend income also has a gross up for Canadian dividends and we get back a foreign tax credit for US dividends. All this lessens the tax burden. Had the income been from a regular working paycheque it would be 46.82%....I just quickly switched the figures in my tax program and made it all regular T4 employment income. Oh, and 48.82% is the net "after" using up all your deductions to bring it down as much as possible.

At we know the tax code everywhere in North America is a mess lol

 

[Donald Stanfield]

Only because investment income (capital gains) is taxed and counted as income on only "50% of the gain". Dividend income also has a gross up for Canadian dividends and we get back a foreign tax credit for US dividends. All this lessens the tax burden. Had the income been from a regular working paycheque it would be 46.82%....I just quickly switched the figures in my tax program and made it all regular T4 employment income. Oh, and 48.82% is the net "after" using up all your deductions to bring it down as much as possible.

Wait, you make millions of dollars a year, and you don't have an accountant?

 

[Motoarzon]

Wait, you make millions of dollars a year, and you don't have an accountant?

Who said I make millions a year??? Look at my other earlier post. For 2025 I pulled down just under $400k in dividends, and $266k net in options trading.
I've been doing my own taxes since I was a teenager working part-time. Heck; back then I was doing it by hand on huge paper form booklet. Now it's a breeze with tax software. During my professional working years as they got more complex with personal business expenses and such, you learn as you go along.
Taxes really aren't that difficult at all unless you're running a large business with employees and such.
For investments the key thing is just knowing which type of investments and in which type of accounts offer the most tax efficiency which I've got dialed in pretty good.

 

[Donald Stanfield]

Who said I make millions a year??? Look at my other earlier post. For 2025 I pulled down just under $400k in dividends, and $266k net in options trading.
I've been doing my own taxes since I was a teenager working part-time. Heck; back then I was doing it by hand on huge paper form booklet. Now it's a breeze with tax software. During my professional working years as they got more complex with personal business expenses and such, you learn as you go along.
Taxes really aren't that difficult at all unless you're running a large business with employees and such.
For investments the key thing is just knowing which type of investments and in which type of accounts offer the most tax efficiency which I've got dialed in pretty good.

I don't believe you. If you're pulling down 666,000, a dubious amount, that's plenty of money to have a professional. I pay like 1K a year for an accountant, and he saves me tens of thousands of dollars in tax liability. I think you're lying about what you make, as the first order of business at that income level is tax management.

Not to mention the rate at which dividend-paying stocks pay out dividends. In order to pull down 400K from stock dividends, you need an 8-figure amount of stock worth.

 

[R1TandMe]

Who said I make millions a year??? Look at my other earlier post. For 2025 I pulled down just under $400k in dividends, and $266k net in options trading.
I've been doing my own taxes since I was a teenager working part-time. Heck; back then I was doing it by hand on huge paper form booklet. Now it's a breeze with tax software. During my professional working years as they got more complex with personal business expenses and such, you learn as you go along.
Taxes really aren't that difficult at all unless you're running a large business with employees and such.
For investments the key thing is just knowing which type of investments and in which type of accounts offer the most tax efficiency which I've got dialed in pretty good.

You live in Canada? Different tax laws than the US.

 

[VandalSibs]

This discussion thread has officially lost the plot.

 

[BigSkies]

This discussion thread has officially lost the plot.

Every forum I visit has become infested with Tesla bots. Even the ones that aren't car related.

I count at least a handful of them that have popped up here and eventually go away as people figure out they're bots.

They have grown more persistent and better at fooling people over the last few months though.

While a few are real people, probably 90% of them are just Grok generated users.

Click "ignore" and move on with your life.

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