On $1 billion profit, Facebook paid MUCH less than nothing in taxes
From Citizens for Tax Justice:
“Earlier this month, the Facebook Inc. released its first “10-K” annual financial report since going public last year. Hidden in the report’s footnotes is an amazing admission: despite $1.1 billion in U.S. profits in 2012, Facebook did not pay even a dime in federal and state income taxes.
Instead, Facebook says it will receive net tax refunds totaling $429 million. Facebook’s income tax refunds stem from the company’s use of a single tax break, the tax deductibility of executive stock options. That tax break reduced Facebook’s federal and state income taxes by $1,033 million in 2012, including refunds of earlier years’ taxes of $451 million.
But that’s not all of the stock-option tax breaks that Facebook generated from its initial public offering of stock (IPO). Facebook is also carrying forward another $2.17 billion in additional tax-option tax breaks for use in future years.
So in total Facebook’s current and future tax reductions from the stock options exercised in connection with its IPO will total $3.2 billion.”
To review:
Facebook makes a billion-dollar profit.
Facebook executives cash out billions of dollars in stock options (money taxed at the 15% capital gains rate).
Taxpayers then cough up an additional $429 million paid to Facebook, which because of its generosity to its own executives won’t be paying state or federal corporate income taxes for years to come.
– Jay Bookman
Tell us what you think about the site
Customer Care »
Vacation stops, manage subscriptions and more
AJC Services
Sections
Other Editions
Visitor Agreement | Privacy Statement
© 2013 The Atlanta Journal-Constitution
352 comments Add your comment
Moderate Line
February 15th, 2013
2:46 pm
Whoops I left out the first paragraph that indicates this is taxed as general income.
When you exercise a NQSO, the spread between your exercise price and the market price — your profit — is generally taxed at ordinary income rates in that year’s tax return. (In unusual cases, where the options are traded in a securities market, the tax may accrue on the grant date.)
http://www.smartmoney.com/personal-finance/taxes/taxes-on-nonqualified-stock-options-9304/
After you exercise the option, of course, you own the stock and your new tax basis is the market price on the exercise date. You now have a choice. If you hold the stock for more than a year after the exercise date, it appreciates, and if you sell, your gain is taxed as a capital gain. If it appreciates and you sell it before more than 12 months are up, it is taxed as regular income. In either case, if you sell for less than the market price on the exercise date, you have a loss that can offset other gains.
http://www.smartmoney.com/personal-finance/taxes/taxes-on-nonqualified-stock-options-9304/
Mama Says
February 15th, 2013
2:51 pm
The entire problem with you libs is this;
You cannot understand that the tax revenue controlled by government is not a license to buy everything government wants, as it wants it or when it wants it. Taxes were levied to pay off and or finance war, that was it. This country prospered and indeed grew from surviving 3 wars without any tax revenue.
When u understand that your theory of impounding our money was unconstitutional for the majority of our country’s history you may get the picture,
If anything, historically speaking the liberals mindset has placed us in this problem we are in. Libs were not happy with a war tax, which by the way was imposed to pay off the war DEBT, you have steadily increased what can be taxed and the rate at which it can be taken. In the meantime you have obligated us to take more responsibilities for social needs.
The entire republican effort at tax decreases comes from an attempt to keep what we earn. I don’t care who or what earns the money, it is the persons who earns it not the governments.
As a fat person I know that the reason I am fat is because I have to much food. Cutting my food intake would make me leaner and more productive but I could never argue that the reason I am fat is because I don’t have enough food.
End the loopholes, control the amount of spending of what is taxed and spend that money smarter and we would have a compromise. Continue to argue that you need more money as you spend recklessly and you will never get a deal.
stands for decibels
February 15th, 2013
2:51 pm
Stevie, two things:
1. I’ve not “castigated” Boy Wonder-Zuck. I simply figured he might want to have a few more goons protecting him is all.
2, I will be the first to acknowledge that I am ASSuming stuff when I hear “simplify the tax code.” I could be wrong. I often am.
I will just make this all encompassing statement about taxes and conservatives.
Conservatives — the self-identifying ones who hold some kind of elective power, at least, as opposed to the poor schmucks out there who think they might get to drive the car one day — care about just one thing:
reducing their tax load. That is it. Nothing more or less.
If they think they can manage this by “simplifying” the code, swell. If they think they can sell people on some superduper VAT
ScientologistsBoortz & Linder called the FairTax, also great. If they are really smart and manage to get people to fork over future SS benefits due them in order to avert a “funding crisis” (Ha! ha! oh how they must bust a gut over port / cigars / hookers/ blow when they hear THAT howler! but I digress) and hang on to a really low marginal income tax rate + even lower capital gains tax rate, also good!But what matters is keeping as much of what they have, as their lobbying / schmoozing dollars can manage. It’s not about the future health of the country and their fellow citizens. And that’s ok, really; I get that, I can even accept that maybe they’re NOT psychopaths, they don’t want to hurt individual Americans. They just don’t care enough about them to keep from pursuing that Prime Directive.
All clear now?
no? that’s ok, *I* sure feel better.
/soapbox
stands for decibels
February 15th, 2013
2:52 pm
The entire problem with you libs is this;
Filed under “sh-t I wouldn’t continue reading if you paid me.”
Peter
February 15th, 2013
2:52 pm
These are the tax breaks Republican’s love, and then again hate when the poor and disabled are getting help.
Look at your power bill, and see how much money you are helping Southern company every month with their new Nuclear plant…. they get to gouge us and get a ton of free money from the government as well.
And when the plant is behind schedule as well…. which it is…… the 100% Republican board says that they can charge us the customer for the screw ups.
UNCLE SAMANTHA
February 15th, 2013
2:53 pm
I AM THE 52%……………. being screwed by the 47% and the 1%
WHAT ABOUT YOU?
RB from Gwinnett
February 15th, 2013
2:56 pm
Steve, “wanna know why we don’t like these ‘flat’ or ‘fair’ taxes?”
I already know why, Steve, and so does everybody else. It actually makes the 47% share in the operation of the government they want. You can whine about it “benefits the rich” all you want to, but if it’s a flat rate, it costs them the same percentage of their income as everybody else and there is nothing more fair than that. The botton line is YOU don’t want to pay your “fair share”. You want to whine and pay nothing.
Mama Says
February 15th, 2013
2:56 pm
Getalife,
This blog s a summary of the issue. Lis just can’t read.
I responded to the fact that you said something to the effect that the banks were getting handouts by the cons.
I pointed out that it was your guy who gave them the last billions in handouts and your response is to ask me if I caused the debt ?
I am trying to tell u libs that spending or giving away more than you have is why we have a debt.
Why is that hard to understand
Peter
February 15th, 2013
2:57 pm
As a fat person I know that the reason I am fat is because I have to much food. Cutting my food intake would make me leaner and more productive but I could never argue that the reason I am fat is because I don’t have enough food.
Perhaps you are fat because you eat the WRONG foods mama says…… eat your weight in lettuce and vegetables, and you will get lean.
Fred ™
February 15th, 2013
2:57 pm
Erwin’s cat
February 15th, 2013
2:01 pm
And if this were a Star Trek episode, who is going to be shot in the 1st 5 minutes?
It’s always the new guy
++++++++++++++++++++++++
And although I met Kam before the rest, the rest of us met up before THEY met Kam. That would make Kam the target……….
That Black Guy
February 15th, 2013
2:40 pm
Fred, sorry, this weekend and next are no good for me.
+++++++++++++++++++++++
Sweet, we can invite Keep up the Good Fight and HE becomes the target. Kam is cheering…….
Thomas
February 15th, 2013
2:58 pm
Moderate Line
Pointed that out earlier
“Never let the truth stand in the way of a good story, unless you can’t think of anything better” said a recent ESPN columnist or maybe it was Twain-
highest and best use is travelin music- anyone go buy cocoa puffs for $1.99 because the are advertising on the side?
Mama Says
February 15th, 2013
3:00 pm
Don’t read it Stands
You really should have to you are closed minded and mathematically illiterate anyway.
That’s why we have this problem.
I’ll help, 2+2=4,,, 4-10= negative 6 !
Understand ? It’s your sides math that sucks not mine
Kamchak ~ Thug from the Steppes
February 15th, 2013
3:00 pm
That would make Kam the target…
Holy crap. I’m beginning to feel like Dick Cheney’s huntin’ buddy.
Mama Says
February 15th, 2013
3:01 pm
Thanks Peter,
But why should I at this point I am sure I qualify for a lib tax program
alex
February 15th, 2013
3:02 pm
@ Stands, “bank wefare, think stimulus, thank Obama. If you agree or not with the stimulus, that’s on this adminstrations shoulders:read about it….”too big to fail”
That Black Guy
February 15th, 2013
3:03 pm
Abrazos
February 15th, 2013
2:38 pm
“Why should corporations pay taxes! It’s not like they’re… people!”
Good one, TP.
As the saying goes, “I’ll believe corporations are people when Texas goes ahead and executes one.”
_______________________________
Texas has never executed an Eskimo, are they not people?
Kamchak ~ Thug from the Steppes
February 15th, 2013
3:04 pm
read about it….”too big to fail”
LTCM says, “What?”
southpaw
February 15th, 2013
3:07 pm
Kamchak@3:00
You might want to take this along
http://home.messiah.edu/~gdaub/armor/pictures/lonemtn/armet.jpg
That Black Guy
February 15th, 2013
3:08 pm
dB – Filed under “sh-t I wouldn’t continue reading if you paid me.”
dB, do you mind if I Biden that?
bookman parrot
February 15th, 2013
3:08 pm
i wonder what half-truths or omissions that Jay has put into this effort.
Moderate Line
February 15th, 2013
3:08 pm
Thomas
February 15th, 2013
2:58 pm
Moderate Line
Pointed that out earlier
+++++
Good job. I missed it.
Kamchak ~ Thug from the Steppes
February 15th, 2013
3:10 pm
southpaw
That and a Kevlar body suit.
комиссар (Occupation)
February 15th, 2013
3:11 pm
RB from Gwinnett: “instead of joining the conservatives in their quest for a flat tax or a fair tax ”
Under current conditions of wildly uneven income, flatness is the diametrical opposite of “fairness”.
You want a ‘fair tax’?
Start with getting fairness in income. Then we’ll talk about ‘flattening’ rates.
“Here’s a tip for you Jay. Facebook did not write the tax code.”
Yeah, and Zuckey boy has been cozying up to the neoliberal messiah Chris Christie because he wants a Twinkie munching buddy.
“If they broke the law, fine..”
It’s about the ability of cash gusher companies like Facebook to BUY the continuing favorable taxation laws, building on the cash advantages they’ve enjoyed cumulatively from past favorable tax laws.
It’s about oligarchic capture. Think about it, man.
stands for decibels
February 15th, 2013
3:11 pm
dB, do you mind if I Biden that?
Go forth and multiply.
GT
February 15th, 2013
3:18 pm
We are afraid of big business. The government, its citizens, is absolutely paralyzed in the presence of these entities. Thanks to the Supreme Court decision they run our government, bid it to the highest bidder for this end.
RB from Gwinnett
February 15th, 2013
3:24 pm
“Start with getting fairness in income.”
I’ll bite. How much of your life savings are you willing to risk to make this business a success? How many months are you willing to work without a paycheck for the dream of someday making a little money?
Get back to me with those answers and then we’ll talk.
Regnad Kcin
February 15th, 2013
3:27 pm
“Texas has never executed an Eskimo, are they not people?”
They would’ve if they’d seen ‘un.
OBIWAN
February 15th, 2013
3:34 pm
If he broke the law, throw him in jail, if not change the laws that allow this to happen..
alittlecommonsense
February 15th, 2013
3:34 pm
The truth is, this is a much more complex issue than Jay makes it out to be. There is more information here for anyone who cares -
http://dealbook.nytimes.com/2012/09/10/why-facebook-is-paying-the-tax-tab-on-employee-compensation/
I’m not an accountant and honestly I don’t understand the ins and outs. Of course I think Jay understands it even less than I do. Why let that hold him back from posting an opinion though.
I believe it was Jay that said “Ready, Fire, Aim” yesterday.
Kamchak ~ Thug from the Steppes
February 15th, 2013
3:36 pm
A late Valentine offering in honor of THE SONS OF CONFEDERATE VETERANS!
http://www.youtube.com/watch?v=2R00LLqShdg
JamVet
February 15th, 2013
3:38 pm
Taxpayers then cough up an additional $429 million paid to Facebook…
Corporations uber Alles.
But apparently Republicans love that coughing up part!
St Simons - we're on Island time
February 15th, 2013
3:53 pm
don’t punish der jerb creators
all this siphoning off the bottom line is fine til you run out of
other peoples (american taxpayers’) money.
i love to spew their foxbottia back at them.
Bonita
February 15th, 2013
3:54 pm
Well, that loophole come from the sainted Warren Buffet’s insistance that options get taxed. Buffet is Obama’s primary economic advisor.
TaxPayer
February 15th, 2013
4:01 pm
Snow what!
indigo
February 15th, 2013
4:05 pm
And, needless to say, Republican politicians will receive a generous campaign contribution.
too little time
February 15th, 2013
4:06 pm
And how, exactly, is all of this pinned on “the cons”? GE, facebook, Berkshire Hathaway, etc, are all left leaning , Democrat contributing companies that are following the tax code. If the Democrats don’t like what is happening, they had the opportunity to change it. They had COMPLETE control of the government from 2009-2010, they had COMPLETE control of the Congress from 2006-2010, they have control of the Presidency for four years, and they have control of the Senate for the last two. They had ample time to change whatever the hell they wanted to change, and they chose to persue Obamacare, global warming, and spending as much money as possible from 2009-2010.
They had ample opportunity to do ANYTHING with the tax code they wanted, and they punted.
If you, as a Democrat, have trouble with what Jay-the-hypocrite is saying, you (and Jay) have only yourselves to blame.
Liberal Pariah
February 15th, 2013
4:06 pm
If Obama was going to ram legislation down our throat with a Democratic Congress, why didn’t he address these ‘tax fairness’ issues which would have produced a lot more for him to spend on his agenda than Obamacare?
Liberals make out like this is all Repubs fault but Dems never do anything about it themselves. Hypocrite some more.
Liberal Pariah
February 15th, 2013
4:07 pm
And needless to say, Democrats will receive a genourous campaign contribution.
Kamchak ~ Thug from the Steppes
February 15th, 2013
4:10 pm
…to ram legislation down our throat…
I have found that those who complain the most about having something rammed down their throats are the same ones who will swallow anything.
Keep Up the Good Fight!
February 15th, 2013
4:10 pm
Sweet, we can invite Keep up the Good Fight and HE becomes the target. Kam is cheering…….
This is right up there with “Fredo, let’s take the boat and do some fishing on the lake”
JamVet
February 15th, 2013
4:10 pm
The only difference between the Republican and Democratic parties is the velocities with which their knees hit the floor when corporations knock on their door. That’s the only difference. ~Ralph Nader
Redcoat
February 15th, 2013
4:11 pm
Facebook must not give enough to the right political party?………..let the shakedown begin?
Are there more examples or is Facebook the only one?
I do agree with what Mama Says……..
GT
February 15th, 2013
4:12 pm
alittlecommonsense Jay is just pointing it out to us, would know they had not paid taxes unless he had told us. Would have said Facebook can park in the VIP parking lot because they paid for it. As it is we paid for it and they are parking in our space. As you said you don’t understand it but you still are convinced Jay’s facts are wrong which I will take that bet on Jay being right, usual is even if it is not what you want to hear.
TBS
February 15th, 2013
4:13 pm
too little
Where did you get that GE was left leaning? They seem to be down the middle with a lean to the right when it comes to whom they give their donations. Don’t let facts get in the way of a good story. You seem to be doing a great job of that already.
http://www.opensecrets.org/orgs/totals.php?id=D000000125&cycle=2012#affiliates
Citizen of the World
February 15th, 2013
4:14 pm
I just realized I can’t be shocked anymore. Appalled, yes.
Kamchak ~ Thug from the Steppes
February 15th, 2013
4:14 pm
Keep
Redcoat
February 15th, 2013
4:16 pm
Who are the good rich folks and who are the bad ones? Which are the good businesses and which are the bad?
Liberal Pariah
February 15th, 2013
4:16 pm
Jam…to that I say AMEN!!
Keep Up the Good Fight!
February 15th, 2013
4:17 pm
Bennett said she was trying to get the child to stop crying, but he continued. “According to Ms. Bennett, a male passenger next to her in Row 28, Seat A, later identified as Joe Rickey Handley, told her to shut that” [racial slur] “baby up. Ms. Bennett stated that Joe Rickey Handley then turned around and slapped [JS] in the face with an open hand, which caused the juvenile victim to scream even louder.” http://www.ajc.com/news/news/fbi-man-slapped-crying-2-year-old-on-delta-flight/nWQQz
So now CEOs are slapping babies?
TBS
February 15th, 2013
4:18 pm
too little
Appears you don’t let facts get in your way
http://www.opensecrets.org/orgs/summary.php?id=D000021757
Check out Berkshire as well.
indigo
February 15th, 2013
4:18 pm
Liberal – 4:07
If the best you can do is a “so’s your old man” defence, that’s pretty pathetic.
Liberal Pariah
February 15th, 2013
4:18 pm
Speaking of swallowing….how’s that Obama Kool-Aid you love so much
Steve
February 15th, 2013
4:18 pm
Who supports the flat/fair taxes? Follow the money – the WEALTHY. We’re not that stupid, RB. Progressive taxation is fair and it works. I’m so sick of the greedy/wealthy whining about their taxes when they don’t pay anything anyhow via lower rates than most of us in the middle class.
Liberal Pariah
February 15th, 2013
4:19 pm
Just pointing out your hypocrisy…your welcome.
Steve
February 15th, 2013
4:19 pm
CEO’s getting drunk, spouting racial slurs, AND slapping babies.
Liberal Pariah
February 15th, 2013
4:21 pm
This is one of those issues where both sides of the aisle are at fault so it’s kinda fun to watch Jay try to make it a Lib vs Con issue. Whose ready for the Friday music?
Kamchak ~ Thug from the Steppes
February 15th, 2013
4:22 pm
….how’s that Obama Kool-Aid you love so much
Seeing as I have never cast a single vote for him, I gotta ask — and what Kool-Aid is that, sport?
DownInAlbany
February 15th, 2013
4:22 pm
On Thursday, House Minority Leader Nancy Pelosi (D-CA) said she was against cutting congressional pay because it would undermine the dignity of her job.
“I don’t think we should do it; I think we should respect the work we do,” Pelosi said. “I think it’s necessary for us to have the dignity of the job that we have rewarded.”
Bawhahaha. Pelosi talking about “dignity”
Liberal Pariah
February 15th, 2013
4:23 pm
That Kool Aid that makes you defend him and his policies….sport.
JamVet
February 15th, 2013
4:24 pm
When you see the paralysis of the government, when you see Washington, D.C. become corporate-occupied territory, every department agency controlled by an overwhelming presence of corporate lobbyists, corporate executives in high government positions, turning the government against its own people, one feels an obligation to run for President. ~Ralph Nader 2008
Cheesy Grits is gone but not forgotten
February 15th, 2013
4:26 pm
Speaking of swallowing….how’s that Obama Kool-Aid you love so much
My 401k is loving it.
Keep Up the Good Fight!
February 15th, 2013
4:26 pm
I don’t know what a few of the conned are reading by Jay but I don’t see anything there that makes it a right/left issue. Its confirmation that our tax code and tax policies are screwed up royally when billions in profits are not taxed. But con stupidity never varies.
Kamchak ~ Thug from the Steppes
February 15th, 2013
4:26 pm
That Kool Aid that makes you defend him and his policies….sport.
The smoking gun is the mushroom cloud.
We will be greeted as liberators.
Liberal Pariah
February 15th, 2013
4:27 pm
And it has nothing to do with a single Obama policy but thanks for playing
getalife
February 15th, 2013
4:28 pm
Just heard this one on the radio:
http://www.youtube.com/watch?v=vfblUSCaAQk
Liberal Pariah
February 15th, 2013
4:28 pm
Keep,you so funny. Since Libs haven’t done anything about it, I guess there stupidity never varies either.
Cheesy Grits is gone but not forgotten
February 15th, 2013
4:30 pm
And it has nothing to do with a single Obama policy but thanks for playing
Maybe not. All I know is im 40 and when a Republican is in the White House ive lost money.
When its A Democrat im making it.
That is good enough for me.
Republicans like to distribute wealth. Upward.
Then we are told to wait for the trickle. It never does.
Kamchak ~ Thug from the Steppes
February 15th, 2013
4:30 pm
…there[sic] stupidity never varies either.
Oh, the irony.
Cheesy Grits is gone but not forgotten
February 15th, 2013
4:31 pm
But con stupidity never varies.
It can be counted on that’s for sure.
Good News is most conservatives are very old. One foot in grave.
They wont be around much longer.
Rightwing Troll
February 15th, 2013
4:31 pm
Don’t forget how their IPO went… the stock went down like a lead weight and lots of sheeple lost money on them…
Liberal Pariah
February 15th, 2013
4:33 pm
Maybe you should allocate your 401K better when Repubs are in office. Just sayin….
Mr. Snarky
February 15th, 2013
4:34 pm
Mr. Snarky
February 15th, 2013
4:34 pm
Dislike
Madmax
February 15th, 2013
4:37 pm
It’s amazing that the same people who scream about flat taxes being unfair to the poor then turn around ans scream that corporattions should pay more in taxes. If a corporation pays taxes, it will build that into it’s price and in essence pass it on as a flat tax. Who does that hurt the most? Just a question for the brilliant minds on this blog that have all of the answers. Have a good weekend.
Rightwing Troll
February 15th, 2013
4:37 pm
“I am trying to tell u libs that spending or giving away more than you have is why we have a debt.
Why is that hard to understand”
Where were you and your ilks with all this sage wisdom and knowledge in 2001 when the decline began?
Oh… that’s right… you all were standing by, screaming HARDER… FASTER…
indigo
February 15th, 2013
4:40 pm
Liberal – 4:19
You pointed out nothing.
Whatever
February 15th, 2013
4:40 pm
I agree this is nuts.
Now, what about my neighbor who not only doesn’t pay income tax but gets money back? Can we stop that, too?
Corbin Sharpe. I think, therefore I am...I think
February 15th, 2013
4:40 pm
LP,
Right before the Bush economy fall, I did manage my 401K better. I cashed in and paid off everything I owned. I lost some in taxes but not nearly what I would have lost in the fall. Call it a hunch, call it lucky, but I knew somehow that the GOP was going to screw it up…and they did, Now I have three homes, and four vehicles (counting the Winnebago)…all paid for.. Just sayin’
Keep Up the Good Fight!
February 15th, 2013
4:40 pm
Madmax is paying a fortune in Facebook membership fees
JamVet
February 15th, 2013
4:41 pm
If a corporation pays taxes, it will build that into it’s price and in essence pass it on as a flat tax.
This insane statement exemplifies the magnitude of the problem.
Capitalism has been perverted.
Welcome to the Corporatocracy.
josef
February 15th, 2013
4:41 pm
I WANT FNM…!!!
Otherwise, I might tell y’all what I think about the Hagel thingie…heh, heh.
Rightwing Troll
February 15th, 2013
4:41 pm
“It’s amazing that the same people who scream about flat taxes being unfair to the poor then turn around ans scream that corporattions should pay more in taxes.”
I’m perfectly fine with tax breaks for the corporations who create jobs. Corporations who hoard cash and offshore profits and jobs need to pay.
Corbin Sharpe. I think, therefore I am...I think
February 15th, 2013
4:42 pm
Based on this thread, here’s my FNM offering…
http://www.youtube.com/watch?v=WCkOmcIl79s
Kamchak ~ Thug from the Steppes
February 15th, 2013
4:43 pm
Madmax is paying a fortune in Facebook membership fees
I pay for my FB fees at the Whole Foods.
With food stamps.
JamVet
February 15th, 2013
4:44 pm
Now, what about my neighbor who not only doesn’t pay income tax but gets money back? Can we stop that, too?
I have no idea what neighborhood you live in, but are you talking about the 18,000 American households who made over $500,000 last year and paid nothing in taxes?
Or maybe you are referring to the 485,000 American households who made between $100,000 and $500,000 and did the same?
0311/8541/5811/1811/1801
February 15th, 2013
4:45 pm
JAY:
Tax “avoidance” or tax “evasion” ? Legal or illegal ?
If it’s avoidance/legal and you don’t like it ……… please write your Congressman.
If it’s evasion/illegal and you don’t like it ………. please call the Atlanta Field Office of the IRS-Criminal Investigation Division and report your concerns. Sometime they even offer rewards for information.
Madmax
February 15th, 2013
4:49 pm
Keep – are you over 16?
Jam – I agree with you that capitalism has been somewhat perverted but there is nothing insane in the statement. It is pretty much truth. And most of the perversion has been caused by the tax code.
Rightwing – Facebook doesn’t have employees? The exec’s who got the bonuses don’t pay taxes? you would rather pass on the taxes as a flat tax over a perceived issue of fairness/justice?
Keep Up the Good Fight!
February 15th, 2013
4:51 pm
Now why is it that the clownish cons can’t comprehend that because something it legal that does not make it acceptable in a world where the same clowns tell us that America is broke.
If it’s avoidance/legal and you don’t like it ……… please write your Congressman. Or make a vaginal probe part of the requirement?
Liberal Pariah
February 15th, 2013
4:51 pm
Remove head from rear and understanding will be thine by deep blue friend.
Erwin's cat
February 15th, 2013
4:52 pm
I’ll bet MySpace and AOL aren’t paying taxes either..
0311/8541/5811/1811/1801
February 15th, 2013
4:52 pm
Excuse me: “Sometimes”
GT
February 15th, 2013
4:53 pm
Welch the ex chairman of GE was one of the craziest backers of Romney, with that voice that sounds like a rusty gate in the wind. The man accused the government of falsifying the monthly jobless reports; I mean if it doesn’t go his way you are a liar, true Republican head to toe. Even the reporter on CNN asked him to stop embarrassing himself, of course on FOX this was primetime listening.
TM
February 15th, 2013
4:53 pm
“Taxpayers then cough up an additional $429 million paid to Facebook” Having worked on my taxes all day I do not consider think that taxpayers will cough up an additional money when I get my tax refund. In Facebook’s example it’s a REFUND of overpayment of taxes paid by Facebook. Unlike the earned income tax refund or what ever they are calling it now its not a government funded hand out.
Keep Up the Good Fight!
February 15th, 2013
4:53 pm
Madmax, yep
Another episode of simple answers to the clownish who keep telling us that Facebook will charge consumers more if they pay taxes…… Facebook’s profits come from advertising and selling private information. But keep up your sophisticated analysis
alex
February 15th, 2013
4:53 pm
@ GT, Jay is an OPINION writer and should be expected to give a liberal opinion,this is not a fact-laden blog, You believe Jay before you even read what he says becaused you have a far left liberal bias like him. That does not make him correct, it simply confirms your bias and you think he’s right because he says what you already think, which you cannot question or you would become uncomfortable, something you are not prepared to do, evidenced your strong bias. We all do it to some degree, you much more so than anyone except mabye Jam amd Fred.
@ Corbin, if you invested in homes, you DID screw up, recent economist article points to the falsehood of thinking that housing prices generally go significantly up over time, I believe they quote over many years a 0.6% increase which will not keep up with inflation. I kept all mine in equities and am now up 20% ov 2009, of course that could all change on monday……
getalife
February 15th, 2013
4:53 pm
Another good speech in Chicago on guns.
Sane Republicans are moving to our President.
Good stuff.
JamVet
February 15th, 2013
4:54 pm
Well Max, if as Mr. Romney says, corporations are people, then they damn well should pay their share to Uncle Sam, right?
For living in the greatest country on earth and enjoying the bounty provided by it?
So, they are people entitle to the rights of people but are exempt from paying the taxes that people pay?
Somebody seems exceptionally confused…
Liberal Pariah
February 15th, 2013
4:55 pm
Teleprompter must have been working today…
getalife
February 15th, 2013
4:55 pm
If you can’t beat him join him.
getalife
February 15th, 2013
4:56 pm
“Teleprompter”
Drink.