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This is nothing new and has been going on for decades, as we the middle class working people pay,pay,pay the multi-billion dollar corporations DON'T! Why? because they stuff the politicians pockets.The American people; WHAT A BUNCH OF SUCKERS!
(From CNN) -
A tax watchdog group says Facebook will pay no state or federal taxes on its profits for 2012, and will even get a $429 million refund.
Citizens for Tax Justice said it found in Facebook's annual earnings report, the social network won't owe any taxes on its $1.1 billion in pre-tax profits for last year.
That's according to a story in Bloomberg Businessweek.
The tax research group said Facebook is using stock options and other forms of compensation to investors and employees for the write off.
Analysts said the move is legal, and related to the company's decision to go public last year.
A Facebook spokeswoman contacted by Bloomberg Businessweek declined to comment on the tax break, but pointed out tax benefits were discussed on a recent analyst conference call.
How 30 No-Tax Corporations in 2008-10 Fared in 2008-11 Federal Income Tax Rates on U.S. Profits
Pepco Holdings –57.6% –39.5%
General Electric –45.3% –18.9%
PG&E Corp. –21.2% –18.4%
Wisconsin Energy –4.9% –13.2%
NiSource –16.4% –13.0%
Paccar –32.8% –13.0%
Integrys Energy Group –11.3% –11.6%
CenterPoint Energy –14.7% –11.3%
Atmos Energy –11.6% –9.6%
Tenet Healthcare –11.6% –8.2%
American Electric Power –9.2% –6.4%
Boeing –1.8% –5.5%
Ryder System –7.3% –5.4%
Con-way –9.1% –5.4%
Verizon Communications –5.2% –3.8%
Duke Energy –3.9% –3.5%
Interpublic Group –3.3% –2.5%
NextEra Energy –2.2% –2.0%
CMS Energy –2.2% –1.4%
Navistar International –2.0% –1.3%
Consolidated Edison –3.0% –1.3%
Mattel –0.9% –0.9%
El Paso –1.0% –0.9%
Baxter International –7.1% –0.6%
Apache –1.5% –0.3%
Corning –0.2% –0.2%
DTE Energy –0.7% 0.2%
Honeywell International –0.7% 2.0%
Wells Fargo –1.4% 3.8%
DuPont –3.4% 10.9%
Totals –7.1% –3.1%
Less than 4% in 2008-11 29
1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.
2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.
3) Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.
4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.
5) Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.
6) Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction.
7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.
8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9) ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.
Why Does Slave Enforcement Need So Much Ammo? Here's Why!
This is a perfect example of the dehumanization of this nation. I don't care what kind of neighborhood or any other excuses they will come up with; this was nothing more than a pack of blood thirsty wolves on a rampage and it happens on different scales everyday somewhere in America. We have to understand we are in a war zone right here in the USA and it could happen to anyone of us at anytime just by being in the wrong place at the wrong time. We do not have public servants any more, we have leaders and rulers with an out of control personal military that has no intention of PROTECTING or SERVING us, they now harass, intimidate and publicly execute. Sure there are some good people in LAW ENFORCEMENT but they, just as in the military, are being weeded out very quickly.
This info was just sent in from Paul; thank you!
Police unload 137 bullets into UNARMED suspects after pursuit in East Cleveland
Cleveland officer climbed on top of car to fire 49 rounds into unarmed car killing 2 occupants at point
EAST CLEVELAND, OH -- Two unarmed suspects were slain by police officers after a 25-minute pursuit. At the conclusion of the chase, which included 62 police vehicles and 115 officers. A total of 13 officers drew their weapons and unloaded at least 137 rounds in to the suspects' Chevy Malibu. The suspects had no weapons, and not one single officer reported seeing a weapon. The police were so violent and so reckless that they even shot up their own cruisers with friendly fire.
The police supervisor was only aware of 3 patrol cars pursuing the suspects. The remaining 59 had no authorization to join the chase, and ignored dispatch's instructions to terminate pursuit.
One officer climbed on top of the suspects' vehicle and shot 49 rounds into the occupants.
Incredibly, most people do not know WHAT happened on 9/11 because they have been mislead by the tightly controlled mainstream media or by one of the bogus 9/11 truth groups. In her book, Dr Judy Wood examines a vast amount of evidence and determines what actually happened. The most important part of discovering the truth about 9/11, is to determine first, WHAT happened, (not how, why or by who) but WHAT. In her book "Where Did The Towers Go", Dr Wood provides proof from several independent sources of evidence, that the towers did not slam to the ground, but were turned into dust in mid air. This is now an established fact. The question - "how did it happen" can then be addressed. All evidence shows that a directed energy weapon (non kinetic) was used to turn the twin towers into dust. This was more than an act of terrorism, it was attack on human consciousness.
On February 25, in the small town of Horsham in the United Kingdom, there will be a rare and potentially groundbreaking opportunity for the 9/11 truth movement. Three hours of detailed 9/11 evidence is to be presented and considered in a court of law where the British Broadcasting Corporation (BBC) will be challenged over the inaccurate and biased manner in which it has portrayed the events and evidence of 9/11.
Over the last 16 months, BBC has been challenged strongly by individuals in the UK over two documentaries that they showed in September 2011 as part of the tenth anniversary of 9/11, namely ‘9/11: Conspiracy Road Trip’ and ‘The Conspiracy Files: 9/11 Ten Years On’. Formal complaints were lodged with BBC over the inaccuracy and bias of these documentaries, which, according to 9/11 activists, was in breach of the operating requirements of BBC through their ‘Royal Charter and Agreement’ with the British public.
DHS Contractor Apologizes For Selling Shooting Targets of Children
“Offensive” cut-outs depicting pregnant women, gun owners in residential settings removed from website
A company which received $2 million dollars from the DHS has apologized and taken offline “no more hesitation” shooting targets which depicted pregnant women, children, and elderly gun owners in residential settings as “non-traditional threats,” following an online uproar.
"We apologize for the offensive nature of our “No More Hesitation” products. These products have been taken offline due to the opinions expressed by so many, including members of the law enforcement community.
This product line was originally requested and designed by the law enforcement community to train police officers for unusually complex situations where split-second decisions could lead to unnecessary loss of life.
Consistent with our company mission as a training supplier (not a training methods company), we will continue to seek input from law enforcement professionals to better serve their training objectives and qualification needs. We sincerely appreciate law enforcement professionals for the risks they take in providing safety and defending freedom."
Israel Grants First Golan Heights Oil Drilling License To Powerful US Company
Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.
A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.
Something very good – though very dangerous to the congealing police state ...
(Info from Robert)
Something very good – though very dangerous to the congealing police state (but not to liberty-minded people) has occurred: Millions of Americans have decided they will not abide by any demand they register their firearms – much less surrender them. And are saying so – openly. More than a few local sheriffs have also publicly stated they will not enforce any such demands. For the first time in living memory, the debate is not fundamentally about which guns – or how many guns. It is about whether the government has any business even knowing whether you’ve got guns at all – much less dictating the type you’re allowed to have.
It’s a Rubicon moment – because this idea involves a great deal more than merely firearms. It is an assertion – though not fully conscious, yet – that trampling the rights of any individual because of the actions of another individual is an ethical outrage. Not just the right to keep a gun.
Have Any More Gun Makers Stopped Selling To Anti-Gun States? (Hint: Yeah, Lots More)
Last Friday TheBlaze reported on a growing list of gun manufacturers and retailers who had stopped selling to law enforcement in states that were enacting stringent new gun laws.
Since that report, the initial list has changed. However, none of the “big three” (Glock, Sig Sauer, Smith & Wesson) providers to law enforcement have stepped up and joined the companies who have chosen to take a public stand on the issue. In less than two weeks, at least 18 companies have made the decision to stop selling to law enforcement in states that limit a private citizen’s right to own a gun.
Star Parker, founder and president of the Center for Urban Renewal and Education (CURE), and other leaders from the black community held a news conference on gun control.
Speakers oppose the gun control laws that are currently being proposed and argue that there is no evidence that the policies will prevent other tragedies.
They included: Ken Hutcherson, former linebacker for the National Football League’s Dallas Cowboys and pastor of Antioch Bible Church in Washington; Harry Alford, president and CEO of the National Black Chamber of Commerce; Dr. Deborah Honeycutt, medical director of Clayton State University Health Clinic; William Owens Jr., founder of God, Guns, and the Constitution; Bruce Rivers, pastor and father of a child murdered by gang members; and Kenn Blanchard, pastor, activist and speaker.