Saturday, February 16, 2013

Zero Taxes for Facebook

Taxes are something that happens to the little people in the world. The most important people know they are optional even if you clear billions on what is nearly a zero-overhead business.

The corruption of the United States far, far exceeds the corruption present in the late Roman Empire.


Dan said...

This isn't corruption or a Facebook-specific policy. The problem, if there is any, is that companies are allowed to lie to their investors by claiming that stock-based compensation isn't an expense.

For the purposes of public financial statements, you don't have to include stock-based compensation as an expense (you can if you want to do so). As a result, you can inflate your reported earnings by pretending that diluting the stockholders' ownership isn't an expense.

For tax purposes, you can always deduct stock-based compensation as an expense. Also, you're allowed to do this even if your public financial statements don't include the compensation as an expense.

njartist said...

In the incident of of Simon Peter and the tribute money (Matt 17:24-27)a tribute collector asks Peter if his master pays the tribute; Yashua's question to Peter was:
...What do you think, Simon? From whom do the kings of the earth receive customs or tribute? From their sons or from strangers? Peter said to Him, From strangers. Jesus said to him, Then truly the sons are free.

So we must ask: who are the sons of the rulers? The ones who pay no tribute. Seeing the sons, who are the rulers?