Comments on: Like! Facebook avoids most taxes

By: barb

barb — Tue, 19 Feb 2013 01:49:45 +0000

All the more reason for tax reform.

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Sun, 17 Feb 2013 08:42:03 +0000

No, the loop hole is there on purpose and it is not “class envy” bob. Even $1 million tax deduction is too generous.

Everyone has to pay some level of taxes or we would have no gov, and tax deductions are a way to evade taxes. I am against excessive taxation, and we are WAY past that excessive level, especially on the poor.

By: SeeSaw

SeeSaw — Sun, 17 Feb 2013 04:11:58 +0000

The Koch Bros., Sheldon Adelson, et al are not liberal!

By: CalWatchdog

CalWatchdog — Sun, 17 Feb 2013 03:01:21 +0000

Rex: The way to limit loopholes is to eliminate the tax.

— John Seiler

By: Hondo

Hondo — Sun, 17 Feb 2013 00:10:49 +0000

Obama complained about all those corporate jets. But they were going to another Obama fundraiser. The big money in american politics has all gone liberal because of the information revolution.
Hondo…

By: Bob Smith

Bob Smith — Sat, 16 Feb 2013 23:01:01 +0000

This isn’t really a loophole. Stock options are like any other compensation (salary, perks) taxable to the employee and deductible to the company. Not being able to deduct salary > $1,000,000 plain old class envy and has no sound tax policy justification.

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Sat, 16 Feb 2013 17:27:41 +0000

Not that Hughes wants to pay Obama-high taxes. He wants tax breaks just like any billionaire. And billionaires get them because their tax accountants are smarter than IRS functionaries…..The rich, including rich liberals, figure out tax loopholes.

The tax loop holes are not “figured out” they are intentionally placed into the tax code because X or Y donated Z in campaign contributions.

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Sat, 16 Feb 2013 17:24:46 +0000

Facebook’s income tax refunds stem from the company’s use of a single tax break, that is the tax deductibility of executive stock options.

This is a tax scam made possible only by campaign contributions.

Executive pay tax write offs should be LIMITED to no more than $1 million and even that is too generous. Tax payers should NOT be covering that bill, and it is a MAJOR reason the pay ration between CEO and rank and file employee has gone form 30-1 to 3,000 to 1.

By: One Percent: Pay Your Fair Share!

One Percent: Pay Your Fair Share! — Sat, 16 Feb 2013 16:53:28 +0000

Great commentary.

Isn’t the One Percent fat old WASP male bankers and corporate executives? That’s what the Occupy movement told me.

The ultimate in hipness: being able to say you’ve NEVER had a Facebook page. I’ve very smug about that and plan at a timely point in the next couple of years to brag openly about it incessantly.