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Remember how Obama was going to cut out all those tax breaks for "corporate fat cats"?
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.
https://www.businessweek.com/articles/2013-02-15/facebook-gets-a-multi-billion-dollar-tax-break--Oh and remember how one of the executives of the company was leaving the US for tax reasons?
Yeah, Facebook is a big supporter of Obama.
https://www.theatlantic.com/technology/archive/2012/11/when-the-nerds-go-marching-in/265325/
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