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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
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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 BBQÂ…)
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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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