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Posted: 2/16/2013 6:36:54 AM EDT
[Last Edit: 2/16/2013 6:37:25 AM EDT by gym007]
http://www.businessweek.com/articles/2013-02-15/facebook-gets-a-multi-billion-dollar-tax-break






Glad they paid their fair share. As an Obama supporter and one company that helped provide information to the Obama campaign from their many users, Facebook is only claiming what is naturally theirs: special privileges.
Link Posted: 2/16/2013 6:38:12 AM EDT
Corporate welfare
Link Posted: 2/16/2013 6:39:04 AM EDT
[Last Edit: 2/16/2013 6:39:40 AM EDT by DOBERMAN]
Fuck Facebook. No account here. I live in reality. The "friends" I have are real friends.
Link Posted: 2/16/2013 6:45:06 AM EDT
Facebook is a plague
Link Posted: 2/16/2013 6:49:21 AM EDT
What was the tax on the executive receiving the stock option benefit? Derp.
Link Posted: 2/16/2013 6:50:06 AM EDT
intel payment ...
Link Posted: 2/16/2013 6:52:18 AM EDT
Some folks don't know how taxes work. They had losses in prior years to wipe out gains in the current year.
Link Posted: 2/16/2013 6:53:13 AM EDT
Yeah, cause they're paying their 'fair share' to Democrats campaigns.

Link Posted: 2/16/2013 6:53:25 AM EDT


America is a Socialist Paradise.


Link Posted: 2/16/2013 6:53:38 AM EDT
Originally Posted By NRA1457:
Facebook is a plague


No argument here.

However, between Facebook and Google there is near total online surveillance of the majority of the electorate. Using their data, you can potentially understand every trend amongst voters, and subtly influence them through advertisement, both conventional and viral. Any political organization would do well to keep them very, very happy.
Link Posted: 2/16/2013 6:54:38 AM EDT
Yep, just like the other 2000 large corps sucking the .gov tit while I ben over ever paycheck.
Link Posted: 2/16/2013 6:54:57 AM EDT
More Fascism from the Fascist in Chief.
Link Posted: 2/16/2013 7:00:53 AM EDT
Originally Posted By wikileaks:
Yep, just like the other 2000 large corps sucking the .gov tit while I ben over ever paycheck.


The government taking less of what you earn through a tax break is sucking on the government tit, eh?

Well you sure bought into the Democratic Party line hook line and sinker.
Link Posted: 2/16/2013 7:01:33 AM EDT
I'm in small company here, but I hate the game more than the player here. Ignoring the fact that corporate income taxes only slow growth, the multi-thousand page tax code that allows some companies to avoid the tax and others not to is the problem.
Link Posted: 2/16/2013 7:02:43 AM EDT
Originally Posted By DOBERMAN:
Fuck Facebook. No account here. I live in reality. The "friends" I have are real friends.


So the folks I've met around the world and like to stay in touch with weren't real?

Damn, musta been something in the shelf stable milk...
Link Posted: 2/16/2013 7:05:00 AM EDT

Originally Posted By TurdyDingo:
Some folks don't know how taxes work. They had losses in prior years to wipe out gains in the current year.

Carry over.
Link Posted: 2/16/2013 7:13:55 AM EDT
As usual, winners and losers, depends who's King.
Link Posted: 2/16/2013 7:16:55 AM EDT
Company pays stock options. It takes a deduction - employees report income. Not much of a scam. Could say the same about payroll.
Link Posted: 2/16/2013 7:17:01 AM EDT
Originally Posted By Dominus:
Originally Posted By NRA1457:
Facebook is a plague


No argument here.

However, between Facebook and Google there is near total online surveillance of the majority of the electorate. Using their data, you can potentially understand every trend amongst voters, and subtly influence them through advertisement, both conventional and viral. Any political organization would do well to keep them very, very happy.


Somebody read between the lines
Link Posted: 2/16/2013 7:20:03 AM EDT
Yea, but the shit stains in Washington want to take your mortgage interest deduction away!! Fuck facebook.

FBO II
Link Posted: 2/16/2013 7:20:11 AM EDT
[Last Edit: 2/16/2013 7:21:17 AM EDT by THR-Thumper]
I've found that an individual's Facebook experience has a direct correlation to their real life.

I've yet to see an example where I'm wrong on this.

Link Posted: 2/16/2013 7:47:33 AM EDT
Hahahaha...... Gotta love it.


fuck obama that piece of shit kenyan.
Link Posted: 2/16/2013 7:48:50 AM EDT
Originally Posted By THR-Thumper:
I've found that an individual's Facebook experience has a direct correlation to their real life.

I've yet to see an example where I'm wrong on this.



I don't have a Facebook account. What does that mean for me?
Link Posted: 2/16/2013 7:50:33 AM EDT
Originally Posted By Tekpc007:
intel payment ...


This.

Thanks for the personal information for what 70-80% of the country.
Link Posted: 2/16/2013 7:53:42 AM EDT
[Last Edit: 2/16/2013 7:56:47 AM EDT by NotAFudd]
I would go into an in depth analysis but GD has too many mouth breathers. In summary,

1. Two different agencies and requirements
2. Be careful what you wish for as it could hurt small business LLC's and S Corps a lot more than the big companies
3. Be careful or you disencentivize companies from going public
4. Etc

Loss carry forward

Is the new term to learn today
Link Posted: 2/16/2013 7:59:11 AM EDT
Did you guys even read the article?
Link Posted: 2/16/2013 7:59:39 AM EDT
I read that most economists, even liberal ones, don't think corporations should pay any taxes because that discourages them from reinvesting and expanding their businesses.
Link Posted: 2/16/2013 8:05:12 AM EDT
Originally Posted By Steve_T_M:
I read that most economists, even liberal ones, don't think corporations should pay any taxes because that discourages them from reinvesting and expanding their businesses.


I would agree with that. However it's not the Gov'ts business to pick winners and losers. Everyone should be treated the same.
Link Posted: 2/16/2013 8:14:05 AM EDT
Hitler would have loved facebook!
Link Posted: 2/16/2013 8:18:51 AM EDT
How does facebook make money? Do they have advertisements? Its been a while since I've been on there.
Link Posted: 2/16/2013 8:46:20 AM EDT
Good. Corporate income taxes are silly. Just tax the money when it goes to a person. Whining about corporate tax avoidance is for left wing rabble.
Link Posted: 2/16/2013 8:48:09 AM EDT
Originally Posted By Dominus:
Originally Posted By NRA1457:
Facebook is a plague


No argument here.

However, between Facebook and Google there is near total online surveillance of the majority of the electorate. Using their data, you can potentially understand every trend amongst voters, and subtly influence them through advertisement, both conventional and viral. Any political organization would do well to keep them very, very happy.


Bingo
Link Posted: 2/16/2013 8:48:42 AM EDT
Originally Posted By THR-Thumper:
I've found that an individual's Facebook experience has a direct correlation to their real life.

I've yet to see an example where I'm wrong on this.



That.
Link Posted: 2/16/2013 8:50:41 AM EDT
Originally Posted By Silesius:
Corporate welfare


They all love it and they want us mad at the FSA!
Link Posted: 2/16/2013 8:51:26 AM EDT
Fuck that Facebook shit!!!
Link Posted: 2/16/2013 8:54:08 AM EDT
3rd world corruption by an administration with 3rd world morals.

Its payback from the Obama administration for providing mailing lists and demographic data, derived from facebook account info, which was used to good effect during Obama's re-election campaign.
Link Posted: 2/16/2013 8:58:13 AM EDT
I hate Facebook. Boycott those data mining bastards.
Link Posted: 2/16/2013 9:01:26 AM EDT
Originally Posted By NotAFudd:
I would go into an in depth analysis but GD has too many mouth breathers. In summary,

1. Two different agencies and requirements
2. Be careful what you wish for as it could hurt small business LLC's and S Corps a lot more than the big companies
3. Be careful or you disencentivize companies from going public
4. Etc

Loss carry forward

Is the new term to learn today


Thats too complicated, I've had to explain multiple times why business dont pay taxes on gross revenue instead of profit
Link Posted: 2/16/2013 9:03:00 AM EDT
Originally Posted By FrankDrebin:
Originally Posted By wikileaks:
Yep, just like the other 2000 large corps sucking the .gov tit while I ben over ever paycheck.


The government taking less of what you earn through a tax break is sucking on the government tit, eh?

Well you sure bought into the Democratic Party line hook line and sinker.


So your one of the people who don't think businesses should be taxed at all? Obama thanks you for getting him reelected.

We can argue all day about "fair" tax, but the bottom line is, always has been, and always will be, CEO billionaires should pay at least (for arguments sake so you can call me a commie) the same taxes that come out of my paycheck automatically.
Link Posted: 2/16/2013 9:08:02 AM EDT
Originally Posted By wikileaks:
Originally Posted By FrankDrebin:
Originally Posted By wikileaks:
Yep, just like the other 2000 large corps sucking the .gov tit while I ben over ever paycheck.


The government taking less of what you earn through a tax break is sucking on the government tit, eh?

Well you sure bought into the Democratic Party line hook line and sinker.


So your one of the people who don't think businesses should be taxed at all? Obama thanks you for getting him reelected.

We can argue all day about "fair" tax, but the bottom line is, always has been, and always will be, CEO billionaires should pay at least (for arguments sake so you can call me a commie) the same taxes that come out of my paycheck automatically.


On earned income they do, actually it will be a higher average rate, but the vast majority of their income is derived through capital gains. So it drasitcally lowers their total average rate of taxation.
Link Posted: 2/16/2013 9:09:57 AM EDT
Originally Posted By DOBERMAN:
Fuck Facebook. No account here. I live in reality. The "friends" I have are real friends.




Link Posted: 2/16/2013 9:17:40 AM EDT
[Last Edit: 2/16/2013 9:23:42 AM EDT by Fella]
Originally Posted By BobRoberts:
Originally Posted By NotAFudd:
I would go into an in depth analysis but GD has too many mouth breathers. In summary,

1. Two different agencies and requirements
2. Be careful what you wish for as it could hurt small business LLC's and S Corps a lot more than the big companies
3. Be careful or you disencentivize companies from going public
4. Etc

Loss carry forward

Is the new term to learn today


Thats too complicated, I've had to explain multiple times why business dont pay taxes on gross revenue instead of profit


This.

Guys, want your minds fucking blown? I'm a part owner in small business, has less than 100 employees. We don't know the president and aren't friends with politicians.

We don't pay any taxes. Haven't paid hardly anything in almost a decade. We reinvest almost everything and have a high debt load. This isn't rocket science. The government wants you to reinvest money into the economy. Also has, always will. The reward is no or very little taxes.

You can give it to the government or keep spending it. We choose to spend it.

We pay property tax, payroll tax, etc. but we show a loss or close to one every year.

As a private citizen you can do the same. Invest your money and enjoy the same tax benefits. My family lives on 18k a year, that's below poverty level. I make good money but I don't bitch about the tax code, I choose to make use of it.

Despite what people think "the man" isn't holding anyone down. I came from a poor rural upbringing, I chose not to stay there.
Link Posted: 2/16/2013 9:20:40 AM EDT
[Last Edit: 2/16/2013 9:21:52 AM EDT by FrankDrebin]
Originally Posted By wikileaks:
Originally Posted By FrankDrebin:
Originally Posted By wikileaks:
Yep, just like the other 2000 large corps sucking the .gov tit while I ben over ever paycheck.


The government taking less of what you earn through a tax break is sucking on the government tit, eh?

Well you sure bought into the Democratic Party line hook line and sinker.


So your one of the people who don't think businesses should be taxed at all? Obama thanks you for getting him reelected.

We can argue all day about "fair" tax, but the bottom line is, always has been, and always will be, CEO billionaires should pay at least (for arguments sake so you can call me a commie) the same taxes that come out of my paycheck automatically.


That's not what I said now is it. But you would probably prefer to do battle with a straw man than confront your illogical, liberal ideas.

Corporate tax break does NOT equal living off the government tit. That assumes somehow the government is giving something away for not taking more of someone else's money. Liberal lie #1.

The next premise of your illogical argument is the presumption that I do not believe corporations should be taxed. I never said that. But corporations are owned by who? People. If you have a 401k then there is a high probability that you have an interest in a corporation. Shall we tax your investment to make it "fair" on you? Should we take working capital from employers to pay taxes to make it "fair" to you? Should businesses raise their prices to pay those taxes to make it "fair" to you? You seem to have fallen deeply into the liberal lie that corporations are greedy things that exist apart from people. Liberal lie # 2.

You seem to think that a CEO should pay the same taxes as you. I guaranty any CEO of a Fortune 500 Company would love to pay what you pay in taxes in real dollars or in terms of your marginal tax rate. You seem to think the CEO of Ford is somehow getting a free pass while you, a working stiff, pays more than his "fair" share. Liberal lie # 3.

Finally, the fact that you think my views are what got Obama re-elected shows you have zero common sense. My views are the antithesis of those who voted for Obama. Your views, however, seem to be perfectly aligned with the typical Obama voter.
Link Posted: 2/16/2013 9:24:25 AM EDT
Not saying they are right or wrong, but CTJ has a horrible track record for these topics.
Link Posted: 2/16/2013 9:30:14 AM EDT

Originally Posted By THR-Thumper:
I've found that an individual's Facebook experience has a direct correlation to their real life.

I've yet to see an example where I'm wrong on this.


What did you expect? Fake anonymous trolls like we have in GD?
Link Posted: 2/16/2013 9:34:53 AM EDT
Originally Posted By wikileaks:
Originally Posted By FrankDrebin:
Originally Posted By wikileaks:
Yep, just like the other 2000 large corps sucking the .gov tit while I ben over ever paycheck.


The government taking less of what you earn through a tax break is sucking on the government tit, eh?

Well you sure bought into the Democratic Party line hook line and sinker.


So your one of the people who don't think businesses should be taxed at all? Obama thanks you for getting him reelected.

We can argue all day about "fair" tax, but the bottom line is, always has been, and always will be, CEO billionaires should pay at least (for arguments sake so you can call me a commie) the same taxes that come out of my paycheck automatically.


At this point you have to be willfully ignorant of how economics, finance, accounting, etc work to post something like this. What is your solution. Take into account that whatever you do to make sure Buffet pays his fair share will also punish the small S-corp and llc owners.
Link Posted: 2/16/2013 9:46:29 AM EDT

Originally Posted By wikileaks:
Originally Posted By FrankDrebin:
Originally Posted By wikileaks:
Yep, just like the other 2000 large corps sucking the .gov tit while I ben over ever paycheck.


The government taking less of what you earn through a tax break is sucking on the government tit, eh?

Well you sure bought into the Democratic Party line hook line and sinker.


So your one of the people who don't think businesses should be taxed at all? Obama thanks you for getting him reelected.

We can argue all day about "fair" tax, but the bottom line is, always has been, and always will be, CEO billionaires should pay at least (for arguments sake so you can call me a commie) the same taxes that come out of my paycheck automatically.


Link Posted: 2/16/2013 9:53:01 AM EDT
Originally Posted By Silesius:
Corporate welfare


Corporations don't pay taxes, people do.

If Facebook reduced its profits via bonus payouts/stock options, presumably the recipient of those bonuses/stock options will be taxed.

Corporate tax rate should be zero.
Link Posted: 2/16/2013 12:07:45 PM EDT

Originally Posted By THR-Thumper:
I've found that an individual's Facebook experience has a direct correlation to their real life.

I've yet to see an example where I'm wrong on this. Ryan Lanza
Facebook users are voyeurs.

A majority of users spend hours trying to think up cool status updates and are happy being a follower instead of a leader. They end up living to post updates on Facebook rather than focusing on enjoying what they have in their lives.

Nobody lives a life that is so interesting that every thought and experience needs to be shared with everyone they know.








Link Posted: 2/16/2013 1:07:57 PM EDT
[Last Edit: 2/16/2013 1:13:30 PM EDT by stangboy555]

Originally Posted By TacitMayhem:

Originally Posted By THR-Thumper:
I've found that an individual's Facebook experience has a direct correlation to their real life.

I've yet to see an example where I'm wrong on this. Ryan Lanza
Facebook Forum users are voyeurs.

A majority of users spend hours trying to think up cool status updates Discussion topics and are happy being a follower instead of a leader. They end up living to post updates on Facebook "IBTL", "I rost", "Interdasting", "9mm vs .45", "I bladed at 45", "Went to Walmart yesterday.." rather than focusing on enjoying what they have in their lives.

Nobody lives a life that is so interesting that every thought and experience needs to be shared with everyone they know.











Seriously though, if you guys want to bash the company and their tax strategy, more power to you. But to bash the idea of a social network on another social network is fucking retarded.
Link Posted: 2/16/2013 1:14:58 PM EDT

Originally Posted By TacitMayhem:

Originally Posted By THR-Thumper:
I've found that an individual's Facebook experience has a direct correlation to their real life.

I've yet to see an example where I'm wrong on this. Ryan Lanza
Facebook users are voyeurs.

A majority of users spend hours trying to think up cool status updates and are happy being a follower instead of a leader. They end up living to post updates on Facebook rather than focusing on enjoying what they have in their lives.

Nobody lives a life that is so interesting that every thought and experience needs to be shared with everyone they know.









My grandkids live 800 miles away. I use facebook just to see their photos and what's going on in their lives.

Your analysis is fucked.
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