A new analysis finds that tech giant Palantir Technologies paid $0 in federal income taxes last year, despite raking in hundreds of millions in taxpayer money to build out a mass network to surveil Americans in partnership with the Department of Homeland Security (DHS).

Palantir, which has landed multiple massive contracts under the Trump administration, made $1.6 billion in net income last year.

It grew so much last year that it joined the list of the 20 most valuable U.S. companies, with its stock more than doubling in value in the first half of 2025 alone. In a report to shareholders, the company said it was “crushing” expectations in terms of growth, with revenue growing 93 percent year over year at the end of 2025.

  • Formfiller@lemmy.world
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    6 days ago

    Thiel is literally in the Epstein files thousands of times. He’s a kid diddler. You couldn’t even write a better comic book villain. Dude belongs in Arkham asylum. He’s going around the world giving speeches that Greta tunberg is the Antichrist

  • garbage_world@lemmy.world
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    6 days ago

    They don’t pay taxes now, because they were losing money for the last 20 years. It’s completely normal and even desirable.

    Also, thanks to BBB R&D expanses, which are a huge part of Palantir’s spendings are dedicated from taxes

      • fizzle@quokk.au
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        6 days ago

        Im not sure if youre actually this daft but obviously thats not true - im sure you’re entitled to claim a deduction for expenses you incur in producing your income.

        • fonix232@fedia.io
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          6 days ago

          In the US, maybe. Not in most other countries.

          Also while companies can expense ALL expenditure related in generating their income, people can’t. You can’t claim 1/3 of your rent, 1/3-1/2 of your food consumption, your bills, etc., as expenditure. Companies can, and they do, often disgustingly so.

    • Supervisor194@lemmy.world
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      6 days ago

      They should pay taxes on their billionaire’s worth. He should be taxed out of existence. If he can’t or won’t pay, he should be incarcerated. If he doesn’t want to be incarcerated, he should leave the country.