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Earlier this month, the Facebook Inc. released its first “10-K” annual financial report since going public last year. Hidden in the report’s footnotes is an amazing admission: despite $1.1 billion in U.S. profits in 2012, Facebook did not pay even a dime in federal and state income taxes.
Originally posted by dc4lifeskater
actually federal taxes pay for none of things you mentioned.. local taxes, sales taxes, gas taxes, property taxes, vehicle taxes.. They all make the world go round.. The federal taxes just to towards paying on our debt that the federal government continues to grow.. which doesn't even cover the interests on that money they borrow..
But yah facebook.. they suck my balls.
Originally posted by benrl
I could list all the major corporations that pay Zero tax liability, but thats been done to death, just add Face book to the list of corporate leaches bleeding America dry.
This is what happens when you allow corporate lobbying, cash equals free speech so or reps hear the corporations first before they hear us.
FACEBOOK: Half-Billion Tax Return.
Originally posted by Tuttle
reply to post by threewisemonkeys
Are you sure?