Skip to comments.Facebook paid no taxes despite record profits
Posted on 02/16/2013 11:11:49 AM PST by ImJustAnotherOkie
Despite earning more than $1 billion in profits last year, social media juggernaut Facebook paid zilch when it came to federal and state taxes in 2012.
In fact, the website will actually be getting a refund totaling $429 million thanks to a tax reduction for executive stock options.
In the coming years, Facebook will continue to get monster tax breaks, totaling about $3 billion.
(Excerpt) Read more at foxnews.com ...
I would urge all conservatives to drop it like a hot potato.
One of the reasons that I’m very pessimistic about future elections.
“Progressive” organizations (FB, Yahoo, Google, Wikipedia, etc) essentially have taken control of mass interest internet sites.
And that is effectively where most folks under 30 get their information and opinions.
This sounds like another hit piece now that the narrative claiming that Exxon paid no taxes has fallen apart.
“Taxes? We don’t pay no stinkin’ taxes.” We’re radical left wing extremist demokkkrat supporters so we get a pass. Besides, “What difference does it make now?”.
Never did facebook, never will. Why do I want to share when and how much is involved in using the WC? Or that I had a PB&J with chips (reduced salt by decree. Thanks bloomee) for lunch.
I totally understand your comments.
But you also need to understand that if we ever hope to connect with the next generation of voters, we’re going to need to do something via the internet because that’s where they get their information and opinion.
And believe me they AREN’T on FreeRepublic.
The government is doing this to put Google out of business.
It’s a pretty expensive crutch for lonely, incomplete people.
There are two kinds of people (often seen here, by the way):
1. When learning that their neighbour paid no taxes, they rush to the nearest phone booth to report (anonymously, of source)_a tax cheater to the IRS.
2. When learning that their neighbour paid no taxes, they bring the neighbour a fifth of Jack Daniel’s, and ask him how he managed to do it.
I don’t understand your comment.
Google is a solid partner in the Baraqqi Coalition.
Way to put millions of people into a box that fits into your narrow-minded worldview.
...And the third type was rich, paid no taxes, and came over to your house and wrote themselves a check from your checkbook because the government said they could.
Yes we must raise the taxes on all companies. /s
If they didn’t break a law your thinking like a Democrat.
Is there any doubt that the extra half billion will be funneled back to the Democrat campaign coffers?
Deactivated my Facebook account several months ago after they censored pro 2nd Amendment posts.
No coincidence that Zuckerberg is seated next to Zero at this gathering of scoundrels.
Interesting who’s missing. Gates???
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.