Why Big Paydays at Apple, Facebook and Google Mean Less Money for Uncle Sam

Facebook, Apple and Google are even better than the giants of Wall Street when it comes to taking advantage of massive tax write-offs, according to a new analysis by Citizens for Tax Justice. The group examined financial reports filed by 315 Fortune 500 companies and determined that the three tech giants are the biggest beneficiaries of a rule that allows companies to deduct from their earnings the value of stock options granted to their executives, thereby reducing their tax liability. Facebook