-----Original Message-----
From: lew <lewcoop@aol.com>
To: Open Debate Political Forum IMHO <opendebateforum@googlegroups.com>
Sent: Mon, Feb 18, 2013 10:04 am
Subject: Re: Facebook Gets a Multibillion-Dollar Tax Break - Obama Buds
-- From: lew <lewcoop@aol.com>
To: Open Debate Political Forum IMHO <opendebateforum@googlegroups.com>
Sent: Mon, Feb 18, 2013 10:04 am
Subject: Re: Facebook Gets a Multibillion-Dollar Tax Break - Obama Buds
I'm not the president. I would say LET'S HAVE A FLAT TAX FOR ALL PEOPLE AND ALL COMPANIES - NO DEUDCTIONS FOR ANYTHING. Beats Facebook and GE not paying any taxes AND solar and wind energy companies getting al kinds of tax money and then going bankrupt. You didn't say ho much money solar and wind enrgy companies got to go bankrupt with. What do you say - Larry? On Feb 18, 10:10 am, Larry Talbot <larry.tal...@hotmail.com> wrote: > Oil Companies,Lew,4.6 billion in the last 3 years.What do you have to say about that? > > Date: Mon, 18 Feb 2013 06:39:32 -0800 > > > > > Subject: Re: Facebook Gets a Multibillion-Dollar Tax Break - Obama Buds > > From: lewc...@aol.com > > To: opendebateforum@googlegroups.com > > > Larry - > > > Who gets mor??? > > > Bankrupt solar and wind energy companies or oil companies who sell us > > oil? > > > How about a flat tax for all businesses and people - all the same > > percent????? > > > No tax breaks for anone or any company > > > On Feb 16, 8:35 am, Larry Talbot <larry.tal...@hotmail.com> wrote: > > > Oil Companies still get billions in welfare subsidies-Knuckledragger buds. > > > > Date: Sat, 16 Feb 2013 03:48:49 -0800 > > > > > Subject: Facebook Gets a Multibillion-Dollar Tax Break - Obama Buds > > > > From: lewc...@aol.com > > > > To: opendebateforum@googlegroups.com > > > > > Facebook Gets a Multibillion-Dollar Tax Break - Obama Buds > > > > > By Peter Coy on February 15, 2013 > > > > drudgereport.com > > > > > It hasn't drawn much attention, but Facebook's first annual earnings > > > > report contains an accounting gem: a multibillion-dollar tax deduction > > > > for the cost of executive stock options and share awards. > > > > > 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. > > > > > The tax-research and -lobbying organization says companies such as > > > > Facebook should treat stock options the same in their reports to > > > > shareholders as they do in their tax filings. Citizens for Tax Justice > > > > calls the tax footnotes in Facebook's Jan. 30 financial statement "an > > > > amazing admission," but there's nothing illegal about the breaks the > > > > company is claiming. Companies like Facebook are allowed to treat the > > > > cost of non-cash compensation, such as stock options, as an expense > > > > that reduces profits, essentially the way they treat cash compensation > > > > such as salaries. > > > > > VIDEO: > > > > Facebook's Wrongs Have Not Been Fixed: Wolff > > > > The difference is that Facebook—unlike, say, General Motors (GM)— > > > > relies heavily on stock options and restricted stock units as a form > > > > of compensation. It paid out a lot during its years as a private > > > > company that it must now recognize on its income statement and balance > > > > sheet. > > > > > You won't find any $429 million tax refund in Facebook's financial > > > > statements. Indeed, the company says it had a $559 million federal tax > > > > liability in 2012. But that liability isn't an actual payment. In a > > > > footnote, the company also said that it had a $1.03 billion "excess > > > > tax benefit" last year related to "stock option exercises and other > > > > equity awards." That benefit is what flips the federal tax liability > > > > into a refund. (A small portion is applied against state taxes.) > > > > > Facebook says that it anticipates reducing its tax liability in the > > > > future by an additional $2.17 billion by using further net operating > > > > loss carry-forwards that it has banked. > > > > > VIDEO: > > > > > Facebook Is Looking for a Head of Global Diversity > > > > Facebook spokeswoman Ashley Zandy declined to discuss the tax break > > > > but pointed to the transcript of Facebook executives' conference call > > > > with analysts. On the call, Chief Financial Officer David Ebersman > > > > cited the accumulated tax benefits and noted that the company ended > > > > the fiscal year with nearly $10 billion in cash and investments, > > > > "giving us great flexi > > > > > -- > > > > You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group. > > > > To post to this group, send email to OpenDebateForum@googlegroups.com > > > > To unsubscribe from this group, send email to OpenDebateForum-unsubscribe@googlegroups.com > > > > For more options, visit this group athttp://groups.google.com/group/OpenDebateForum?hl=en > > > > --- > > > > You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group. > > > > To unsubscribe from this group and stop receiving emails from it, send an email to opendebateforum+unsubscribe@googlegroups.com. > > > > To post to this group, send email to opendebateforum@googlegroups.com. > > > > Visit this group athttp://groups.google.com/group/opendebateforum?hl=en. > > > > For more options, visithttps://groups.google.com/groups/opt_out. > > > -- > > You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group. > > To post to this group, send email to OpenDebateForum@googlegroups.com > > To unsubscribe from this group, send email to OpenDebateForum-unsubscribe@googlegroups.com > > For more options, visit this group athttp://groups.google.com/group/OpenDebateForum?hl=en > > --- > > You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group. > > To unsubscribe from this group and stop receiving emails from it, send an email to opendebateforum+unsubscribe@googlegroups.com. > > To post to this group, send email to opendebateforum@googlegroups.com. > > Visit this group athttp://groups.google.com/group/opendebateforum?hl=en. > > For more options, visithttps://groups.google.com/groups/opt_out. -- You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group. To post to this group, send email to OpenDebateForum@googlegroups.com To unsubscribe from this group, send email to OpenDebateForum-unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/OpenDebateForum?hl=en --- You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group. To unsubscribe from this group and stop receiving emails from it, send an email to opendebateforum+unsubscribe@googlegroups.com. To post to this group, send email to opendebateforum@googlegroups.com. Visit this group at http://groups.google.com/group/opendebateforum?hl=en. For more options, visit https://groups.google.com/groups/opt_out.
You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group.
To post to this group, send email to OpenDebateForum@googlegroups.com
To unsubscribe from this group, send email to OpenDebateForum-unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/OpenDebateForum?hl=en
---
You received this message because you are subscribed to the Google Groups "Open Debate Political Forum IMHO" group.
To unsubscribe from this group and stop receiving emails from it, send an email to opendebateforum+unsubscribe@googlegroups.com.
To post to this group, send email to opendebateforum@googlegroups.com.
Visit this group at http://groups.google.com/group/opendebateforum?hl=en.
For more options, visit https://groups.google.com/groups/opt_out.
0 comments:
Post a Comment