Sunday, March 17, 2013

Our screwed up tax system

What do we want? Tax reform. When do we want it? NOW!

From Gawker...


Facebook Will Pay No Taxes, Get Huge Refund Instead
from Gawker by Max Rivlin-Nadler

Facebook Will Pay No Taxes, Get Huge Refund Instead

During the year it went public, Facebook made $1.1 billion in profits. But thanks to some nifty accounting, the company won't be paying any federal or state taxes on it - instead, it will actually be receiving a federal tax refund of about $429 million.

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