Facebook Paid No Corporate Income Tax Last Year, After Making More Than $1 Billion In Profits

Facebook Paid No Corporate Income Tax Last Year, After Making More Than $1 Billion In Profits: Between 2008 and 2011, 26 major corporations were able to pay no federal corporate income tax, despite making a combined $205 billion in profits. According to a new report from Citizens for Tax Justice, Facebook joined that illustrious club last year, receiving $429 million in tax rebates despite making more than $1 billion in profits: [...]/p