Facebook Pays No Taxes

Discussion in 'Politics' started by Blacktiger2005, Feb 23, 2013.

  1. Blacktiger2005

    Blacktiger2005 Well-Known Member

    Facebook earns a profit of over a three billion dollars. It got $429 million in return from taxes. Facebook paid no taxes. How is this possible? Is this what President Obama meant when he said that corporations need to lose certain tax loopholes? I understand Facebook heavily financed President Obama's re-election. Will it matter? Something is not fair here.
     
  2. goodlove

    goodlove New Member

    yep stated rate is different than the effective rate.
     
  3. MixedCalifornian

    MixedCalifornian Active Member

    You don't pay taxes when you allow the government full acsess to everyone's Facebook activity. It wouldn't suprise me if Facebook receives government funding.
     
  4. FRESH

    FRESH New Member

    This is why I plan to live my life like a coportation, so i can legally evade taxes. I'm going to one up plain wealthy people lol Do you know you can incorporate yourself?
     
  5. LA

    LA Well-Known Member

    Agreed, my brethren. Get that bread and skip the taxes, legally. The American way, my friend.
     
  6. FRESH

    FRESH New Member

    I would love to pay, if they overhauled the system. Made it more simple, for simple people like myself, and way more equal/fair.
     

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