GE pays no taxes (legal, death, Sanders, Obama)

[bluescityleon]

AND most of their products suck, but they hired X IRS agents to rewrite the tax code ....they pay no tax in the USA

[theunbrainwashed]

Originally Posted by bluescityleon

AND most of their products suck, but they hired X IRS agents to rewrite the tax code ....they pay no tax in the USA

Where's Bammers and the rest of the Democrat Party in laying the tax hammer on GE? All I keep hearing is tax the "rich" aka people who make $125,000 a year or more. Those are mostly your DOCTORS that will be hit with that tax increase. GE is sitting on such huge amounts of cash and none of it was taxed no wonder it's ex CEO is working in Obama's Cabinet

[bluescityleon]

Originally Posted by theunbrainwashed

where's bammers and the rest of the democrat party in laying the tax hammer on ge? All i keep hearing is tax the "rich" aka people who make $125,000 a year or more. Those are mostly your doctors that will be hit with that tax increase. Ge is sitting on such huge amounts of cash and none of it was taxed No wonder it's ex ceo is working in obama's cabinet

...............throw out the bums

[Donna-501]

Originally Posted by bluescityleon

AND most of their products suck, but they hired X IRS agents to rewrite the tax code ....they pay no tax in the USA

Sickening but the republicans keep telling us that they need the breaks as they are creating jobs.

[kshe95girl]

OP, please learn to use the search function, this subject has been beaten to death already.

[KsStorm]

Originally Posted by kshe95girl

OP, please learn to use the search function, this subject has been beaten to death already.

Too bad, most people don't know the truth,YET.

It's NOT just GE... not by a long shot.

Senator Bernie Sander’s Guide To Corporate Freeloaders | CAPITALISM IS OVER IF YOU WANT IT

[unicane]

Yeah last MRI and CT scan I had the equipment was made by...you guessed it GE. Im thinkin obama care was written with heavy input from the snake in the cabinet whos name escapes me at the moment

GE=Haliburton only worse

[pghquest]

Originally Posted by bluescityleon

AND most of their products suck, but they hired X IRS agents to rewrite the tax code ....they pay no tax in the USA

Actually they didnt need to hire an IRS to rewrite their tax code, they got a $3.2B credit in the Obama stimulus bill.

Originally Posted by Donna-501

Sickening but the republicans keep telling us that they need the breaks as they are creating jobs.

Actually no Republican preferrs giving one company PREFERENTIAL treatment, but thats what GE got.. FROM DEMOCRATS..

[KsStorm]

Originally Posted by pghquest

Actually they didnt need to hire an IRS to rewrite their tax code, they got a $3.2B credit in the Obama stimulus bill.

Actually no Republican preferrs giving one company PREFERENTIAL treatment, but thats what GE got.. FROM DEMOCRATS..

I don't believe that for a minute. They are one & the same:
Goodbye middle class,hello Ruling Class & Peasant Class.

[20yrsinBranson]

Originally Posted by bluescityleon

AND most of their products suck, but they hired X IRS agents to rewrite the tax code ....they pay no tax in the USA

GE is a publicly traded company. I'm sure their books have been scrutinized by countless would-be investors as well as accountants.

Just because a company takes advantage of every tax break out there, has a very competent accounting staff *and* may qualify for legal government incentives which results in them paying little or no taxes, does not mean they are doing anything shady or wrong.

A friend of mine once told me that if any business pays taxes, then they need to get a new accountant, because a good one can find deductions for almost everything and anything. A good accountant will show a loss for the business every year even though they do make a profit. It's all about numbers.

I do not begrudge GE for having a good accounting team. In fact, I wish I knew who they were and could afford to hire them myself. LOL

20yrsinBranson