FACEBOOK PAID NO FEDERAL TAXES, RECEIVED A REFUND of $429 MILLION AND HAD A PROFIT OF 1.1 BILLION

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Check out the information that my FNC colleague Kimberly Schwandt emailed me: (by the way, did you have to pay any taxes last year?)

Subject: RE: Report: Facebook paid no federal or state income taxes, refund of $429 million, $1,1 billion profit

 

A couple other notes:

 

*Obviously the president has had a decently close relationship with Facebook.

*Sheryl Sandberg, Chief Operating Officer was on the president’s Jobs and Competitiveness Council (and was also a name reportedly considered for Treasury Sec)

 

From the WH unit’s notes, here are some events that involved FB over the last couple years:

 

2012

2/17 – Travels to California. Has a closed dinner with CEOs at John Doerr, Zuckerberg present.

9/20 – Travels to Miami and Tampa, Florida. Participates in a Univision/Facebook town hall.

 

2011

4/20 Facebook town hall at Facebook headquarters.

9/25 – Obama traveled to West Coast – Seattle & San Jose. Private fundraiser in Seattle & live remarks @ Paramount Theater. He also delivered remarks at another closed DNC event held at the home of sheryl Sandberg (Facebook’s COO) and David Goldberg in Atherton, CA. Lady Gaga showed up to this event but it was print pool only.

 

 

 

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