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Facebook made over $1 Billion in profits in 2012, and paid $0 in taxes. Facebook will receive a refund of $429 million. Between 2008 and 2011, 26 companies with combined profits of $206 billion, paid $0 taxes, and received refunds! Yeah, helping poor people & raising minimum wage would ruin our economy.
It would. I really don't want to waste my time getting into it with you because you give off the vibe of being an incredibly low-information thinker.
Just please do your research. You cannot just hand out more money.
You give off the vibe of being a name calling Randian hypocrite who would gladly be a corporate welfare recipient. "Let's get rich off the backs of poor people, and pay them as little as possible". Sure that's hard work, just like paying people enough to survive, not buy a Mercedes, is a hand out! Its not a hand out for the rich corporations though. Double standards much?
Facebook's CEO, Mark Zuckerberg, is supporting Christie's reelection campaign. It shows exactly what kind of person Christie is, and what it can mean for NJ residents.
Facebook made over $1 Billion in profits in 2012, and paid $0 in taxes. Facebook will receive a refund of $429 million. Between 2008 and 2011, 26 companies with combined profits of $206 billion, paid $0 taxes, and received refunds! Yeah, helping poor people & raising minimum wage would ruin our economy.
Tax should be simplify. Like a flat 10% regardless what you make. If you made $100, your tax is $10. If you made, $1,000,000,000,000,000 then your tax is $100,000,000,000,000
Tax should be simplify. Like a flat 10% regardless what you make. If you made $100, your tax is $10. If you made, $1,000,000,000,000,000 then your tax is $100,000,000,000,000
I prefer that over what's happening now with corporate welfare. The little guy is always getting stuck. Christie is against the little guy, and his association to Zuckerberg is proof.
Facebook's CEO, Mark Zuckerberg, is supporting Christie's reelection campaign. It shows exactly what kind of person Christie is, and what it can mean for NJ residents.
What does it has to do with Christie.
What's wrong with minimizing tax? It is not like FB evade the tax. Tax avoidance is legal and IRS encourage you do that.
If you own a mortgage and paying property tax, which most of us living in NJ does, we deducted the mortgage interest and property tax to reduce our tax liability. This is call tax avoidance. This is the same thing what FB is doing. There is nothing illegal about it.
If FB made $100 and only report they made $50, they are evading that, that's illegal.
What's wrong with minimizing tax? It is not like FB evade the tax. Tax avoidance is legal and IRS encourage you do that.
If you own a mortgage and paying property tax, which most of us living in NJ does, we deducted the mortgage interest and property tax to reduce our tax liability. This is call tax avoidance. This is the same thing what FB is doing. There is nothing illegal about it.
If FB made $100 and only report they made $50, they are evading that, that's illegal.
It has everything to do with Christie because it shows he is for corporations, and not the rest of the 99%. He has proven his policies are against the average person.
These tax loopholes for corporations are a huge problem because they are only for big corporations. The rest of us don't get such breaks. This is especially bad since the top earning 1% are the main ones against any tax deductions for working poor & the middle class. Nobody has as many double standards as they do.
NJ is an expensive state, and the minimum wage, even if 2 people work is NOT enough to survive in NJ. Many families in 2 income households still qualify for food stamps! People have a problem with them getting help, but not with the top earners. Christie has a fondness for big corporations, and has proven he will do what he can to help them.
Yet, he fights teachers, cops & firefighters, the people who actually benefit society, and everyone in between.
That's what it has to do with Christie and that is why its bad to give corporations such huge tax breaks.
It being legal has no bearing on it being just. Remember slavery, child labor, and women being prevented from college education were legal once too.
Tax loopholes are a big problem. Not only do corporations get out of paying taxes, the millions of people do as well. Child tax credits, mortgage interest tax deductions, etc. There's lots of loopholes.
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