Build Date: Fri May 24 01:00:08 2024 UTC

I didn't eat any shit. I slung it back at ya like an angry mandrill.
-- h.r. taffs

General Electric: Corporation with Benefits

by Baron Earl

2011-03-31 09:45:21

GE reported global profits of $14.2 billion with $5.1 billion of the total from U.S. operations. Its American tax bill? LESS THAN ZERO. Based on tax laws which G.E. lobbyists helped to write, G.E. managed to claim a tax benefit of $3.2 billion.

The next time you hear someone complaining that America has the highest corporate tax rate in the world, ask them if they can name one corporation that actually pays that rate of tax.

We haven't been able to find ONE.

Over.  End of Story.  Go home now.

tablesalt@pigdog.org

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Benevolent Order of Nebraskans for Erection Reversal: Keep It Limp for Life (B.O.N.E.R. K.I.L.L.)!

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