Here is another example of what the Republicans would prefer – allow a certain group to make as much money as possible, while making all provisions for those people to game the system and get even more. Such is the story of Facebook and their 2012 taxes.
According to Citizens For Tax Justice, Facebook made $1 billion in profits in 2012, paid zero in taxes and received a $429 million tax refund.
Republicans must be happy!
Facebook is reporting a $429 million net tax refund from the federal and state treasuries. And it’s not because they weren’t profitable. Indeed, Mark Zuckerburg’s little company earned nearly $1.1 billion in profits.
Want to make Republicans even more happy? Take grandma’s social security and send it to Mark Zuckerburg. They wouldn’t be able to contain themselves!
