Build Date: Mon May 20 18:20:08 2024 UTC

I don't care what any of these eggheads say about estrogenic whatzahoozits. I'm willing to sing soprano and have a huge quivering hairy vagina in the middle of my chest if it means I get to have JUSTONE MORE GODDAMN BEER.
-- Mr. Bad

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.

iambic@pigdog.org

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