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The Facebook Effect

     

    I have conquered my Facebook addiction. Self imposed FA (Facebook Anonymous). Gone cold turkey for six months and counting.

    -The taxes Zuckerberg and other shareholders pay on exercised stock options will translate into a big tax benefit for Facebook. The IRS allows companies to take a mirror deduction for employees option compensation and this deduction will eliminate Facebook’s tax of $1 Billion in profits in 2011.

    -According to the Joint Committee on Taxation, this tax policy will cost the US Treasury at least $20 Billion in lost revenue over the next decade.

    Tony M.