Facebook Gets a Multibillion-Dollar Tax Break

Peter Coy Businessweek 2/15/2013

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 […]

Budget Committee Hearing Highlights: Bernanke

…in the long run, at the rate we’re going, entitlements plus interest would basically be the entire government’s budget, unless you raise taxes considerably…

~Ben Bernanke

Bernanke: Get Government Spending Under Control to Spur Economic Growth Today. Fed Chairman also testifies on the need to enact pro-growth tax reform and get […]