Posted on 02/15/2013 3:31:57 PM PST by ObozoMustGo2012
Edited on 02/15/2013 3:36:09 PM PST by Admin Moderator. [history]
Facebook didn't pay any federal or state income taxes last year and will receive a hefty tax refund, according to a recent report.
How did the social network manage to swing such a nice tax break?
(Excerpt) Read more at cnbc.com ...
Where is the liberal outrage of big business profiting and not paying their "Fair Share"???
GE and Geoffrey Immelt is another example...
Funny how dat works innit?
There is no discussion of it over at the DUmp. Had to search for the thread only to find 3 replies, the worst being “big corporations suck”.
Ok, gotta go take a scalding hot shower now, where’s that eye bleach...
When you are an arm of the federal government you get to do what you want.
Michael Savage is talking about this on his show right now .
Payoff!
If you think you had to be careful of what you said on Facebook before, forget it !!! Any ill talk about his Highness will be immediately reported, and the offending individual will find themselves on DHS’s terror watchlist faster than you can say “drone strike”
What Facebook did is not unusual, unethical or illegal especially for startups and companies going public for the first time as the tax code allows for carryover losses in previous years to be applied against future earnings. BTW, individuals can claim carry over losses too.
And it should also be noted that Citizens for Tax Justice is a leftist org that among other things believes in “Requiring the wealthy to pay their fair share, adequately funding important government services and taxation that minimizes distortion of economic markets”
And ironically Citizens for Tax Justice has a Facebook page.
https://www.facebook.com/taxjustice
He joins GE and Warren Buffet.
The deficit will always be paid by those that draw a weekly paycheck.
And only those that draw a paycheck- the middle class.
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