I want to kill bugs, sir!

     
 

General Electric: Corporation with Benefits
2011-03-31 09:45:21


The Corporate Fuck
 
The more I think about religion and people and everything that we have and have done, the more I'm convinced we're just monkeys with sticks.
-- Ragboy

 

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.

punchbowl@pigdog.org


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