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Corporate Tax Rates Are too High: Part 2

Started by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
Discussion about
G.E.’s Strategies Let It Avoid Taxes Altogether General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion. http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=1&hp When your GE and you don't pay taxes, you get appointed to Obama's job creation board (or whatever the heck it is called). If your anyone else, you go to Club Fed.
Response by Wbottom
about 15 years ago
Posts: 2142
Member since: May 2010

incredible that immelt gets props from obama---very disappointing

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Response by huntersburg
about 15 years ago
Posts: 11329
Member since: Nov 2010

WTushy! I see you stopped watching Barney videos long enough to talk politics.

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