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Twitter won't pay tax on the first $107 million of income it reports
2013-11-08 13:12:36| InfoWorld: Top News
The federal deficit -- the amount by which the government's total budget outlays exceeds its total receipts for a fiscal year -- is estimated at $680 billion for fiscal year 2013. The federal debt -- the sum total of our deficits over the years -- is sitting at about $17 trillion. Meanwhile, some of Silicon Valley's richest and best-known companies are avoiding income taxes by taking deductions related to stock options used to compensate executives. Twitter, which went public on Thursday, is one of them.
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Category:Information Technology