Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

Powered by Squarespace

 

 

Search The Daily Bail Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

SPONSORED BY  

 

Hank Paulson Is A Criminal - Pass It On

Bernanke's Failures Caught On Tape

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - The 11 States Most Likely to Go Bust

SLIDESHOW - 7 Really Big Holes - Don't Miss #7

SLIDESHOW - Molotov Cocktails In Greece

SLIDESHOW - The Sights, Sounds & Women of Texas

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Egyptian Revolution - Graphic PICS

SLIDESHOW - U.K. Student Riots

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« PHOTO OF THE DAY - Some Scary Shit | Main | BLACKROCK: Where Will Gold Be In Three Months? »
Saturday
Feb232013

SNL PRESENTS: Richard Pryor - First Black President

'It's time for some brothers in space.'

Gets good starting at the 1:30 mark.  Saturday Night Live, 1977.

 

 

 Screenshot

Who else remembers James Harris with the Rams?

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (7)

Did anyone see Facebook tax break story. Holy shit! I can't stand this blatant bullshit.
Feb 16, 2013 at 10:35 AM | Unregistered CommenterSKINFLINT
Skin

Yes, I saw the story. Drudge is pushing the headline like it's something new or special for Facebook, but it's not. Tech companies have been using this tax break for years.

Here's the story:

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

The tax law says that if a corporation issues options for employees to buy the company’s stock in the future for its price when the option issued, then if the stock has gone up in value when employees exercise the options, the company gets to deduct the difference between what the employee bought it for and its market price.

http://www.ctj.org/taxjusticedigest/archive/2013/02/facebook_status_update_a_429_m.php

http://ctj.org/ctjreports/2013/02/facebooks_multi-billion_dollar_tax_break_executive-pay_tax_break_slashes_income_taxes_on_facebook--.php

How 185 other large, profitable companies have exploited the stock option loophole.
Feb 16, 2013 at 12:04 PM | Registered CommenterDailyBail
DB. Here is a stupid question. In the past I have read accounts of where executives of large corporations had exercised the stock options of companies when the price was at it's absolute peak, this actually had happened a lot in the past. Isn't this considered to be fraudulent in any way and also then would help the company in that they can claim absolute maximum tax benefit that would actually help the companies achieve tax refunds? So then the average schlub such as myself has to make up the difference they get back in higher sales taxes property taxes and such. Are our so called elected officials that damned blind to this? Just WTF? Thanks for the links.
Feb 16, 2013 at 12:22 PM | Unregistered CommenterSKINFLINT
Your instincts are correct. I'm not sure it's fraudulent any more than the law itself is fraudulent. Stock options are a part of salary and should be treated as such. It's the Silicon Valley tax loophole bought, paid for, and administered by K Street.
Feb 16, 2013 at 1:37 PM | Registered CommenterDailyBail
Here's a good piece on Greg Reyes, former CEO of Brocade, who was the only CEO prosecuted for 'backdating' stock options, even though more than 100 companies violated the obscure law, including, Apple, Oracle, Microsoft, etc. But the DOJ went after Greg Reyes and only Greg Reyes and sent him to prison.

http://www.atlassociety.org/brc/greg-reyes-justice-denied

http://www.huffingtonpost.com/michael-santos/greg-reyes-convicted_b_1035290.html
Feb 16, 2013 at 1:40 PM | Registered CommenterDailyBail
Ha! SNL predicted the first black president being a muslim. Funny how Obama mistakenly refered to himself as a muslim, only to be corrected by George Snuffleupagus.
Feb 17, 2013 at 11:40 AM | Unregistered Commenterwoody
It was not SNL - it was The Richard Pryor Show.
Aug 23, 2013 at 8:45 AM | Unregistered CommenterThe Jimmy Z Show

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.