Facebook Paid No Income Taxes in 2012

Feel free to scream at the top of your lungs WHAT THE HELL IS GOING ON HERE?  The largest social media network in the world called Facebook paid no U.S. or state income taxes???  BUT my Joe or Sue six pack pays out the ass and then some in state and federal taxes?  What is wrong with this picture?  Check it out here at CNBC.

"Facebook didn't pay any federal or state income taxes last year and will receive a hefty tax refund, according to a recent report.

How did the social network manage to swing such a nice tax break? 

Well, according to the Citizen for Tax Justice report the company benefited from the tax deduct-ability of executive stock options, which reduced all of its income taxes by $1.03 billion in 2012. 

The company also has another $2.17 billion in extra tax-option breaks to carry forward in the future, according to the report, which means Facebook gets to deduct a total of more than $3 billion in current and future taxes, according to the report."

Are you freaking kidding me??? Not one dime in taxes while they made billions?

I'm done... this is bullshit.  Where is the Elizabeth Warren at the IRS???  We need an Alan Grayson mentality on this crap.  This is wrong all across the board.  All of these rape the country tax loopholes need to be closed once and for all.  We all benefit from a strong government that protects all American interests.  Nobody gets a free ride when you get billions in profits or even working for a paycheck as a shipping clerk for a small company.  Nobody.

Papamoka 

Mass Senate Seat Up for Grabs

In the eyes of the nation the second chair in the US Senate still belongs to the Liberal Lion, former Senator Teddy Kennedy. He was the spokesman for the liberal left on what our government should be doing for the middle and lower class folks. And if you think about it in regards to tax revenue for the US Treasury, that is where the bulk of the cash comes from. Why not use it for programs to help the middle and lower classes? That is what Teddy Kennedy did all of his years in the senate, he gave back. And then some.

In politics it is a known fact that Massachusetts is one of the bluest of the blue states with a Democrat majority. How Scott Brown won Teddy Kennedy's seat is or was a culture shock. And honestly, I don't see how he can keep it. His political party is out of line with what most people of the state think or believe. He can't be counted on from a Democrat state to stand up for what the people of his own state want if he is to perform in step with his Republican members of the senate. You can't sit on the fence and get things actually done. It would be curious to see how many times his vote in the senate canceled out Senator Kerry's? I don't have the facts but I am curious.

The politics of the campaign for this senate seat are heating up and the chances of Elizabeth Warren actually unseating him are looking better and better. One key choice of words including this name, Karl Rove, need to be repeated over and over in television ads and radio commercials until people actually get who is in the background of Scott Brown's campaign. Karl Rove by the way is the only reason George W. Bush was elected President, not once but twice. He gets the job done and I give him credit for having an incredible political sense of genius. But the undoing of Scott Brown is the constant reminder to the good people of Massachusetts is that they are voting for someone that Karl Rove believes to be a good Republican just like George W. Bush was. NOT THE LIBERAL LION! He just plays one on tv.

Papamoka