POLITICAL: FACEBOOK gets taxpayer money from BHO44

Sunday, February 17, 2013

http://www.businessweek.com/articles/2013-02-15/facebook-gets-a-multi-billion-dollar-tax-break

High Finance

Facebook Gets a Multibillion-Dollar Tax Break

By Peter Coy on February 15, 2013

It hasn’t drawn much attention, but Facebook’s first annual earnings report contains an accounting gem: a multibillion-dollar tax deduction for the cost of executive stock options and share awards.

Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice.

The tax-research and -lobbying organization says companies such as Facebook should treat stock options the same in their reports to shareholders as they do in their tax filings. Citizens for Tax Justice calls the tax footnotes in Facebook’s Jan. 30 financial statement “an amazing admission,” but there’s nothing illegal about the breaks the company is claiming. Companies like Facebook are allowed to treat the cost of non-cash compensation, such as stock options, as an expense that reduces profits, essentially the way they treat cash compensation such as salaries.

*****

Can anyone say — “Crony Capitalism”?

Argh!

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SERVICE: FACEBOOK has risks; parents should engage a “Glenda”

Tuesday, May 29, 2012

I found something disturbing aimed at one of my young Facebook “friends”.

(You know they “friend” me when they think it’s “kool” to have some “friends” and want to build up their count. Then forget that the fat old white guy injineer “stalks” them forever. Like Glenda the Good Witch, watching over them and their online presence.)

So, I immediately alerted on it to the “command authority” (i.e., her parents) via the approved channels (i.e., her aunt).

Action was taken.

This post suggests that parents need to have a view into their children’s onine activities.

Of course, I offer my “glenda service” at my usual discount. (LOL!) But, you’ll have to be “kool” about how you get a Glenda on to their friend’s list.

“Wonder what that crazy old koot is up to this week end? You see him on Facebook don’t you, dearest child of mine?” May work?

Or, find a trusted friend or relative that the child has already been “friend-ed” during their naïve days, and assign them Glenda duty.

Forewarned is forearmed. Or in this case, four eyeballed. (Yeah, I know it falls flat. But you get the idea!)

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INTERESTING: Sneaky Computer Security Tips

Sunday, April 8, 2012

(0) OBVIOUSLY use unique passwords in every instance. (Use LASTPASS, ROBOFORM, or KEYPASS to remember the UNIMPORTANT ones. Do you care if someone can “share” your PORN stash. (Like I’d EVER have porn. You can catch a case of the computer equivalent of a social disease — malware, virus, or data leak. I think the real kind MIGHT be easier to cure.)

(1) Never STORE financial passwords anywhere, but in your head. (And, in a sealed envelope, located in your bank safe deposit box, for your executor.) Never ever! (If you have more than 5 ± 2, you have too many accounts.) Sorry guys, I don’t even trust my most TRUSTED  vendors. (Fact of life. Don’t trust. You won’t be disappointed.)

(2) If you do STORE a profile somewhere, ALWAYS use your real birthday ± 1. (It’ll be our little joke. Play along with all the FACEBOOK birthday wishes. Your real life fans will enjoy the joke. You DO have real life friends; don’t you? So sad if you don’t. You can link to me. I have very few — hi oldest, older, and just plain old!)

(3) If you do STORE — obviously not USE — a credit card number, ALWAYS do a typo with the “secret number” and add ± 1 to the last digit. (Then when someone has a security breech, they have your garbage.)

(4) If you do STORE an address for your self, put a typo somewhere so you know who to blame. (Personally I like middle name. “Hi, I’m F. 37 REINKE.”)

(5) If you can and it’s not needed for credit, add ± 1 to your SSN. (“Oh, sorry, I made an oopsie.”)

(6) ALWAYS mess with the secondary authentication questions. But do it in a consistent manner! (“Where were you born?” “Bayonne158″ That’s Our Girl’s and her favorite number.) Caveat: Three sites — CAREMARK CVS, PAYTRUST, BOA — make you remember it from time to time. (If I forget, there is always “call one 800 outsourced service desk”. Reset them to colors. Then go in and immediately change them.) I always record my answers in LASTPASS ± 1. A great tool.

YMMV MTFBWY AMTHOBAIYF

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SERVICE: Found another limitation on Facebook!

Monday, January 12, 2009

*** begin quote ***

How many Friend Lists can I have?

You can have up to 100 Friend Lists.

*** end quote ***

Argh!

Where’s the Facebook competitor? Like LinkedIn, hard coded limits … … just shaking my head!

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