Thread

1. simonw · 1790862939 · focus · HN ↗

   > Under a tax credit created in the 1980s to spur innovation, companies can get a rebate for supplies, but only if they are being tested in an experimental effort, not standard business operations. Meta is claiming that the costly A.I. computer chips it buys from companies, including Nvidia, are entitled to a taxpayer-provided discount as part of the experiment. [...]

   > 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.

   1. atomicUpdate · 1790867775 · focus · HN ↗

      > Yeah... as a US citizen and taxpayer I think I'd like that $4 billion back.

      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.

      1. SmasherEpilepti · 1790868931 · focus · HN ↗

         Your tax burden is a responsibility to society, and not paying your share is benefiting from systems without carrying your own weight, effectively stealing from the system.

         > 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.

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