<div id="readability-page-1">SpaceX officials have privately boasted to investors that a tax benefit signed into law by President Donald Trump means it may never have to pay federal income taxes, The New York Times reports. Trump signed the Tax Cuts and Jobs Act in 2017, allowing corporations to roll over their heavy losses, known as a carryback, indefinitely to skirt paying some federal taxes on their newer profits. The law allows for SpaceX to legally skirt paying taxes...</div>

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<p>SpaceX officials have reportedly claimed to investors that a tax benefit from the Tax Cuts and Jobs Act, signed by President Trump in 2017, may allow the company to avoid paying federal income taxes indefinitely. This law permits corporations to carry over heavy losses to offset future profits, enabling SpaceX to potentially evade tax obligations legally.</p>

Elon Musk’s SpaceX Is Boasting It’s Found a Way to Pay No Tax Ever