spursncowboys
02-15-2013, 09:57 PM
http://www.businessweek.com/articles/2013-02-15/facebook-gets-a-multi-billion-dollar-tax-break
Even though Facebook (FB (http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FB)) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probablypay zero federal and state taxes (http://www.ctj.org/taxjusticedigest/archive/2013/02/facebook_status_update_a_429_m.php)—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice.
Even though Facebook (FB (http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FB)) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probablypay zero federal and state taxes (http://www.ctj.org/taxjusticedigest/archive/2013/02/facebook_status_update_a_429_m.php)—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice.