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-   -   Facebook May Pay Zero Tax (http://www.muscleandbrawn.com/forums/showthread.php?t=12504)

BendtheBar 02-16-2013 06:11 PM

Facebook May Pay Zero Tax
 
Facebook Gets a Multibillion-Dollar Tax Break - Businessweek

Quote:

It hasn’t drawn much attention, but Facebook’s first annual earnings report contains an accounting gem: a multibillion-dollar tax deduction for the cost of executive stock options and share awards.

Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice.

Goat 02-16-2013 07:36 PM

Pays to tow the obama line.

Cutty 02-16-2013 08:11 PM

Ah the wonderful loop holes.

hotnotreally 02-17-2013 10:57 AM

Must be nice.


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