Saturday, February 16, 2013

Facebook paid no taxes despite record profits

Facebook paid no taxes despite record profits | Fox News:

"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." ...

WTF? Oh wait, Obama is friends with Facebook's owner, Mark Zuckerberg, that explains it.

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