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Facebook paid no taxes despite record profits
Fox ^ | February 16, 2013 | Fox News

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 ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: bho44; billionaires; facebook; facebookisthedevil; internet; leftists; newmedia; socialmedia
This doesn't leave any doubt that Facebook is a secret arm of this administration does it?

I would urge all conservatives to drop it like a hot potato.

1 posted on 02/16/2013 11:11:58 AM PST by ImJustAnotherOkie
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To: ImJustAnotherOkie

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.


2 posted on 02/16/2013 11:16:17 AM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: ImJustAnotherOkie

This sounds like another hit piece now that the narrative claiming that Exxon paid no taxes has fallen apart.


3 posted on 02/16/2013 11:18:26 AM PST by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: ImJustAnotherOkie

“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.

Reeeee-diculous!


4 posted on 02/16/2013 11:19:24 AM PST by rktman (Live the oath you took or get out of office!)
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To: ImJustAnotherOkie
paying no tax is one thing, getting back a half billion dollars is another... must have outstanding tax lawyers
5 posted on 02/16/2013 11:19:39 AM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: ImJustAnotherOkie

So?


6 posted on 02/16/2013 11:23:27 AM PST by Larry Lucido
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To: ImJustAnotherOkie

So?


7 posted on 02/16/2013 11:23:41 AM PST by Larry Lucido
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To: rktman

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.


8 posted on 02/16/2013 11:23:41 AM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation

The government is doing this to put Google out of business.


9 posted on 02/16/2013 11:27:03 AM PST by nickcarraway
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To: Larry Lucido

It’s a pretty expensive crutch for lonely, incomplete people.


10 posted on 02/16/2013 11:28:26 AM PST by ImJustAnotherOkie (zerogottago)
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To: ImJustAnotherOkie

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.


11 posted on 02/16/2013 11:29:07 AM PST by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: nickcarraway

I don’t understand your comment.
Google is a solid partner in the Baraqqi Coalition.


12 posted on 02/16/2013 11:29:19 AM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: ImJustAnotherOkie

Way to put millions of people into a box that fits into your narrow-minded worldview.


13 posted on 02/16/2013 11:31:58 AM PST by dubyagee ("I can't complain, but sometimes I still do.")
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To: Revolting cat!

...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.


14 posted on 02/16/2013 11:33:53 AM PST by ImJustAnotherOkie (zerogottago)
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To: ImJustAnotherOkie

Yes we must raise the taxes on all companies. /s

If they didn’t break a law your thinking like a Democrat.


15 posted on 02/16/2013 11:33:53 AM PST by ThomasThomas (Normal isn't normal anymore.)
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To: ImJustAnotherOkie

Is there any doubt that the extra half billion will be funneled back to the Democrat campaign coffers?


16 posted on 02/16/2013 11:53:35 AM PST by ImNotLying (The MSM bears a close resemblance to the world's oldest profession!)
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To: ImJustAnotherOkie

Deactivated my Facebook account several months ago after they censored pro 2nd Amendment posts.


17 posted on 02/16/2013 12:10:39 PM PST by ivan65
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To: FReepers; Patriots; FRiends




GF's, we need these jeans and Free Republic!


Please Contribute Today!


18 posted on 02/16/2013 12:12:14 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: ImJustAnotherOkie

No coincidence that Zuckerberg is seated next to Zero at this gathering of scoundrels.

19 posted on 02/16/2013 12:31:06 PM PST by NohSpinZone (First thing we do, let's kill all the lawyers)
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To: NohSpinZone

Interesting who’s missing. Gates???


20 posted on 02/16/2013 12:59:02 PM PST by ImJustAnotherOkie (zerogottago)
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To: nascarnation
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.

I keep hearing that from so many people, and a bunch of them right here on FR, but, nobody ever gets working on a real solution. FR is far from the solution, although it's good to know it exists. Other than FR, Rush and perhaps FOX, there's not very much taking place to fix the problems about how people get their news and information and opinion.
21 posted on 02/16/2013 1:09:01 PM PST by adorno (Y)
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To: nickcarraway

Google & Facebook are two entirely different things. Totally different functions.

Only similarity is that they are both Internet based and have made their founders billionaires.


22 posted on 02/16/2013 1:10:52 PM PST by BwanaNdege ("To learn who rules over you simply find out who you are not allowed to criticize"- Voltaire)
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To: ivan65

I see pro-Second Amendment posts all the time. I share them.


23 posted on 02/16/2013 1:16:53 PM PST by Conservativegreatgrandma (The perfect is the enemy of the good..............Voltaire)
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To: ImJustAnotherOkie

we have a purely political tax system.


24 posted on 02/16/2013 1:35:25 PM PST by NoLibZone (We have the nation we deserve. Maybe next year after the big BBQ…)
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To: NohSpinZone
In this pic, it looks like 0 has a thing for Zuckerberg. It is creepy nontheless.


25 posted on 02/16/2013 3:08:31 PM PST by 444Flyer (Obama killed the Twinkie, but not the Terrorists in Benghazi. What's wrong with this picture?)
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To: Revolting cat!

I’d be #2...
That was my response to this - how did they do it, and is there anything I can do to get similar results?


26 posted on 02/16/2013 3:12:12 PM PST by Little Ray (Waiting for the return of the Gods of the Copybook Headings.)
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To: rktman; Rebelbase; ImJustAnotherOkie

Rebelbase posted this on a thread last week. Can’t stop laughing a about it. It is so clever, especially if you don’t FB, which sounds like a lot of us here.

“A Man Without A Facebook”

http://www.youtube.com/watch?v=a69RpEBJFAY


27 posted on 02/16/2013 3:19:07 PM PST by 444Flyer (Obama killed the Twinkie, but not the Terrorists in Benghazi. What's wrong with this picture?)
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To: ImJustAnotherOkie

Calm down. The stock options are treated as salary to the company and income to those who received them. Taxes are paid on this salary.

Any refund is simply a return of the company’s overpaid taxes from loss carryback from the salary deductions.

It is simply a transfer of the tax liability from the company to the key employees.


28 posted on 02/16/2013 5:18:23 PM PST by Raycpa
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To: 444Flyer

Loved it!!!


29 posted on 02/16/2013 5:22:50 PM PST by ImJustAnotherOkie (zerogottago)
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To: nascarnation

I don’t understand your comment.
Google is a solid partner in the Baraqqi Coalition.

__________________

There is enough people out in the world who look at Google’s and FB numbers and think that they are both arms of the federal government.


30 posted on 02/16/2013 5:41:25 PM PST by Chickensoup (200 million unarmed people killed in the 20th century by Leftist Totalitarian Fascists)
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To: ImJustAnotherOkie

yeah but what they don’t tell you is how much FB gave away to charity.

http://www.foxnews.com/tech/2012/12/19/facebook-ceo-mark-zuckerberg-donating-500-million-in-stock-to-silicon-valley/


31 posted on 02/17/2013 4:08:17 PM PST by GrandJediMasterYoda (Someday our schools we will teach the difference between "lose" and "loose")
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