Lovebears65
Gold Member
Facebook paid no taxes despite record profits | Fox News
Hmm wonder if it is akick back for supporting Obama
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.
Hmm wonder if it is akick back for supporting Obama
Obama’s 2008 and 2012 campaigns received a large boost from social media sites such as Facebook, which has experts speculating why they haven’t been singled out.
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