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.
I personally think Obama should be railing about THIS particular tax loophole for the wealthy he so despises. Just Zuckerberg’s taxes alone, if he paid any, would allow Obama to add thousands more to the Democrat polling registers (and the government tit). If he played his cards RIGHT, the Dems could take Ohio completely out of the toss-up category next election day.
Darn shame the BSM (Bull Shit Media for those of you who don’t read me regularly) hasn’t picked this up. Those on the left that understand it would be thrilled, and the majority on the left wouldn’t be able to read the story anyway, so those low-income/no-income voters wouldn’t be pissed at this ‘filthy rich guy paying no taxes’…. The best of all worlds for the Libs and just another entry in a long list of examples of presidential hypocrisy unleashed.
As an aside, Facebook announced yesterday that they had been the target of sophisticated hackers in January – but they want to assure everyone that no data was compromised. Gotcha! Anyone wanna buy a bridge?