Meta Uses A.I. Data Centers to Avoid Billions in Federal Taxes
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Unofficial Hacker News client; not affiliated with Y Combinator.
Meta Uses A.I. Data Centers to Avoid Billions in Federal Taxes
Unofficial Hacker News client; not affiliated with Y Combinator.
simonw · · focus · HN ↗
> The company started claiming the credit for the data centers two years ago. Since then, Meta’s savings from the credit have soared, trimming almost $4 billion off its tax bill last year, filings show.
Yeah... as a US citizen and taxpayer I think I'd like that $4 billion back.
off_with_their_ · · focus · HN ↗
[dead]
tt24 · · focus · HN ↗
username223 · · focus · HN ↗
kurthr · · focus · HN ↗
danny_codes · · focus · HN ↗
Also I’m confused, do you want a regressive tax system?
tt24 · · focus · HN ↗
mcmcmc · · focus · HN ↗
logicchains · · focus · HN ↗
mcmcmc · · focus · HN ↗
danny_codes · · focus · HN ↗
tt24 · · focus · HN ↗
verall · · focus · HN ↗
"taking from people who work hard (the working class or billionaires) to give it to people who live off other peoples hard effort (billionaires or poor people)
In 2026 capitalism who is living off whom? Who is really toiling or creating utility?
Also to be clear, regressive taxes is ghoulish.
mtoner23 · · focus · HN ↗
[deleted] · · focus · HN ↗
[deleted]
atomicUpdate · · focus · HN ↗
It was never yours in the first place. It was their money they kept, not money given to them by the government. I don’t know why this distinction is so difficult for people.
SmasherEpilepti · · focus · HN ↗
> I don’t know why this distinction is so difficult for people.
It's only a distinction if you don't understand what the purpose of taxes are.
mindslight · · focus · HN ↗
robocat · · focus · HN ↗
You could just as equally say that governments are created by businesses and that governments feed by taxing corporations.
You can frame it either way to make an argument from either direction.
We mostly argue that businesses depend upon our government because reasons.
mindslight · · focus · HN ↗
Maybe it could be a stronger way of saying what I said? Pointing out that government wouldn't be taxing us in the first place without businesses willing it into existence?
But this feels a bit too reductive in that it dilutes the motivation to business in general rather than specific businesses.
burnerRhodov3 · · focus · HN ↗
For these companies, it's totally worth doing illegal tax shit. Even if they are forced to pay, they pay it years down the line, so the current cost of capital starts to come into play.
yieldcrv · · focus · HN ↗
This is something we all do
pitchforks down, its the reporter and the non technical accountants that are wrong and both groups should be replaced
xgbi · · focus · HN ↗