All posts tagged: Corporation

The must-see numbers from Facebook’s taxes

These tax breaks need to be stopped!!!! Please sign the petition telling Congress it’s time to end tax loopholes for corporations and the wealthy. Click here to sign. Despite Facebook reporting profits of over $1.1 billion in 2012, the company is expected to pay no federal or state income taxes. In fact, Facebook will receive net tax refunds totaling $429 million, because tax deductions on executive stock options can be written off as salary deductions. Less than a week after the sequester has officially gone into effect, bringing with it painful budget cuts, layoffs, and furloughs for employees, this is a perfect example of how the deficit and spending cuts are driven by loopholes that allow corporations and wealthy Americans to get all the breaks. Congress desperately needs to reform the tax code so that the most successful among us pay their fair share. Please, click here to sign the petition telling Congress it’s time to end tax loopholes for corporations and the wealthy. Keep fighting, Rachel Colyer Associate Campaign Director, Daily Kos P.S. Please …

Support the Mayor Fight the Special Interests

Dear Mayor Filner: I supported your campaign as a volunteer and was confident that you would continue to fight for our citizens rather than be bought out by corporate interests. Unlike so many elected officials you are keeping your campaign promise of working to create a better San Diego that benefits all the citizens rather than a just handful of powerful special interests. Vera Moldt reads her message of support in front of the San Diego City Council Thank you for one of your first courageous acts – standing firm against the hotel special interests. I’m not an attorney, but even as a layman, I question the legality of tax monies being collected and administered by and for the benefit of private corporations. Aside from the legality, such a provision seems clearly to be unethical as well as inequitable considering the critical infrastructure and other needs of our city. What is also telling is that this sweetheart deal extends for 40 years – a timeframe over which even more critical and now unforeseen needs may …