Surreal Tax Code

Steve Sack, Cagle Cartoons, The Minneapolis Star Tribune Apr 14, 2013 Dig deeper

How Facebook Made a Billion Dollars, Paid No Taxes and Expects a Huge Refund

Tracy Bloom / Truthdig Feb 18, 2013 Despite making $1.1 billion after going public last year, Facebook didn't pay a dime in state or federal income taxes in 2012. Instead, thanks to the social media company's use of a single tax break, it anticipates getting a massive refund from the government totaling $429 million. Dig deeper ( 2 Min. Read )