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Facebook Paid No Income Taxes in 2012: Report
CNBC ^ | 2/15/2013 | Cadie Thompson

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 ...


TOPICS: Business/Economy
KEYWORDS: animalfarm; billiondollarmarxist; cultureofcorruption; doublestandard; facebook; fairshare; friendsofobama; libtards; obamunism; orwelliannightmare; taxes
$1 Billion in PROFIT in 2012 Paying $0 (ZERO) income tax RECEIVING $429 MILLION in REFUNDS!!!!

Where is the liberal outrage of big business profiting and not paying their "Fair Share"???

1 posted on 02/15/2013 3:32:10 PM PST by ObozoMustGo2012
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To: ObozoMustGo2012

GE and Geoffrey Immelt is another example...


2 posted on 02/15/2013 3:35:23 PM PST by Hotlanta Mike ("Governing a great natiorn is like cooking a small fish - too much handling will spoil it." Lao Tzu)
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To: ObozoMustGo2012

Funny how dat works innit?


3 posted on 02/15/2013 3:44:01 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: ObozoMustGo2012

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...


4 posted on 02/15/2013 4:07:04 PM PST by Finatic (I ran out of change and have given up on hope. FUBO, I am so sick of your sorry a$$ you effin punk)
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To: ObozoMustGo2012

When you are an arm of the federal government you get to do what you want.


5 posted on 02/15/2013 4:10:11 PM PST by Chickensoup (200 million unarmed people killed in the 20th century by Leftist Totalitarian Fascists)
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6 posted on 02/15/2013 4:19:17 PM PST by DJ MacWoW (My faith and politics cannot be separated)
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To: ObozoMustGo2012

Michael Savage is talking about this on his show right now .


7 posted on 02/15/2013 6:29:50 PM PST by sushiman
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To: ObozoMustGo2012

Payoff!


8 posted on 02/16/2013 7:14:08 AM PST by Samurai_Jack (ride out and confront the evil!)
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To: ObozoMustGo2012

http://www.youtube.com/watch?feature=player_embedded&v=mavB1lbtIow


9 posted on 02/16/2013 7:18:30 AM PST by djf (Conservative values help the poor. Liberal values help them STAY poor!!!)
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To: Samurai_Jack

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”


10 posted on 02/16/2013 8:49:28 AM PST by ObozoMustGo2012
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To: ObozoMustGo2012

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


11 posted on 02/16/2013 9:11:36 AM PST by MD Expat in PA
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To: ObozoMustGo2012

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.


12 posted on 02/16/2013 1:30:18 PM PST by NoLibZone (We have the nation we deserve. Maybe next year after the big BBQ…)
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