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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FUN: Bud and Lou (version 2.0)

Saturday, February 16, 2013

>> You have to be old enough to remember Abbott and Costello, and not too
>> old
>> to understand computer basics to fully appreciate this. If Bud Abbott and
>> Lou Costello were alive today, their infamous sketch, “Who’s on First?”
>> might have turned out something like this.
>>
>>
>> COSTELLO CALLS TO BUY A COMPUTER FROM ABBOTT
>>
>> ABBOTT: Super Duper computer store. Can I help you?
>>
>> COSTELLO: Thanks. I’m setting up an office in my den and I’m thinking
> about
>> buying a computer.
>>
>> ABBOTT: Mac?
>>
>> COSTELLO: No, the name’s Lou.
>>
>> ABBOTT: Your computer?
>>
>> COSTELLO: I don’t own a computer. I want to buy one.
>>
>> ABBOTT: Mac?
>>
>> COSTELLO: I told you, my name’s Lou.
>>
>> ABBOTT: What about Windows?
>>
>> COSTELLO: Why? Will it get stuffy in here?
>>
>> ABBOTT: Do you want a computer with Windows?
>>
>> COSTELLO: I don’t know. What will I see when I look at the windows?
>>
>> ABBOTT: Wallpaper.
>>
>> COSTELLO: Never mind the windows. I need a computer and software.
>>
>> ABBOTT: Software for Windows?
>>
>> COSTELLO: No. On the computer! I need something I can use to write
> proposals
>> track expenses and run my business. What do you have?
>>
>> ABBOTT: Office.
>>
>> COSTELLO: Yeah, for my office. Can you recommend anything?
>>
>> ABBOTT: I just did.
>>
>> COSTELLO: You just did what?
>>
>> ABBOTT: Recommend something.
>>
>> COSTELLO: You recommended something?
>>
>> ABBOTT: Yes.
>>
>> COSTELLO: For my office?
>>
>> ABBOTT: Yes.
>>
>> COSTELLO: OK, what did you recommend for my office?
>>
>> ABBOTT: Office.
>>
>> COSTELLO: Yes, for my office!
>>
>> ABBOTT: I recommend Office with Windows.
>>
>> COSTELLO: I already have an office with windows! OK, let’s just say I’m
>> sitting at my computer and I want to type a proposal. What do I need?
>>
>> ABBOTT: Word.
>>
>> COSTELLO: What word?
>>
>> ABBOTT: Word in Office
>>
>> COSTELLO: The only word in office is office.
>>
>> ABBOTT: The Word in Office for Windows.
>>
>> COSTELLO: Which word in office for windows?
>>
>> ABBOTT: The Word you get when you click the blue “W”.
>>
>> COSTELLO: I’m going to click your blue “w” if you don’t start with some
>> straight answers. What about financial bookkeeping? You have anything I
> can
>> track my money with?
>>
>> ABBOTT: Money.
>>
>> COSTELLO: That’s right. What do you have?
>>
>> ABBOTT: Money.
>>
>> COSTELLO: I need money to track my money?
>>
>> ABBOTT: It comes bundled with your computer.
>>
>> COSTELLO: What’s bundled with my computer?
>>
>> ABBOTT: Money.
>>
>> COSTELLO: Money comes with my computer?
>>
>> ABBOTT: Yes. No extra charge.
>>
>> COSTELLO: I get a bundle of money with my computer? How much?
>>
>> ABBOTT: One copy.
>>
>> COSTELLO: Isn’t it illegal to copy money?
>>
>> ABBOTT: Microsoft gave us a license to copy Money.
>>
>> COSTELLO: They can give you a license to copy money?
>>
>> ABBOTT: Why not? THEY OWN IT!
>>
>> (A few days later)
>>
>> ABBOTT: Super Duper computer store. Can I help you?
>>
>> COSTELLO: How do I turn my computer off?
>>
>> ABBOTT: Click on “START”…..
>>
>

 

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RANT: Why is SYFY showing WWE?

Saturday, February 16, 2013

Just curious?

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INTERESTING: “THE PUB” in 22102 allows smoking

Friday, February 15, 2013

Tonight I found a bar that allows smoking?

It’s attached to a Chinese restaurant.

Strange, I thought the smoking Nazis had wiped out this particular form of freedom.

It could, if it wasn’t for the smoke, become one of my favorite places.

Only two kinds of draft beer — bud and bud light (yuck) — and only a half dozen varieties of bottled beer.

(Not a problem considering I gave up beer and facebook for lent.)

Just shocked me. And reminded me how much I don’t like smoke.

But as a Little L Libertarian, that decision should be left to the owner. Patrons and workers are free to seek other venues.

Argh!

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FUN: Co-workers dining

Thursday, February 14, 2013

 

2013 02FEB 13 DA D DINNER

# – # – # – # – #   

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GUNS: NJ = the Pepul’s republik of Nu Jerzee

Wednesday, February 13, 2013

http://www.breitbart.com/Big-Government/2013/02/10/NJ-Democrats-Join-The-War-On-Gunshttp://www.breitbart.com/Big-Government/2013/02/10/NJ-Democrats-Join-The-War-On-Guns

The New Jersey Democrats have forgotten that we have Constitutional rights. Their rubber stamp judiciary does nothing to reign in the Gooferment. No wonder the “state” is a disaster.

Argh!

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GUN: Put to good use

Tuesday, February 12, 2013

GUN: Put to good use

Homeonwer wins one. And, that is why you need full auto and big mag. 

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RANT: Where are the bananas?

Monday, February 11, 2013

I must be getting old and stupid?

I read the artcle that said make bananas last longer by separating the siblings. And, wrapping the tops in saran wrap.

So I bought a bunch green at WalMart.

Gottem home, separated them, knotted each individually into its own walmart bag, and stored them in different places. IN the crock pot, in the microwave, in the dish cabinet, in the food cabinet.

Now I’m concerned I haven’t found them all. I think there are two unacounted for?

Argh!

When my executrix cleans out the place, I’m sure she’ll find them.

LAFF!

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Pope Benedict XVI in shock resignation

Monday, February 11, 2013

Pope Benedict XVI in shock resignation

Prayers for the man and his sucessor. 

Alzheimers?

One of my fears.

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MEMORIES: Growlers

Sunday, February 10, 2013

In my never ending quest to rediscover the old dives of my childhood — yes, I frequented bars in my high school days; one of the advantages of working real jobs with real men — was the discovery of quaint places that were friendly and welcoming.

Unlike today, where it’s a gooferment regulated expensive hustle.

Beer in high school was 20 cents; 10 cents if you had id. It was as cheap as soda. The bars then would turn a blind eye to age. And you’d get bounced forever if you were “rude”. BUt I digress. When I went into my regular place, the regular tender made a big deal of proofing me. Wonder how he knew? And I got the “legal” price.

But I digress.

I happened to try the “Mad Fox Brewing Company” in Fairfax for “dinner”.

And, incomes a patron buying a ‘growler’ of beer.

Boy, did that bring back old memories.

My father-in-law didn’t care for canned or bottled beer; said it gave him gas. So every night, and I mean every night after the family dinner, he go downstairs to the tavern with his ceramic / metal container. I was informed is was a “growler”. Conveniently, the tavern was located next door to the apartments. A while later, he’d return with a growler full of draft beer.

When the growler was “dirty”. (It had to be cleaned and seasoned. Never learned what all that was.) He’d get cardboard ones. But they deteriorated quickly.

SO, any way, as much as I try to escape the past, it seems to haunt me.

Girls basketball on TV too.

Just in case I might forget.

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