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Old 03-25-2011, 04:17 PM
 
Location: Michigan
29,391 posts, read 55,591,550 times
Reputation: 22044

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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/bu...agewanted=1&hp
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Old 03-25-2011, 04:20 PM
 
Location: Raleigh, NC
20,054 posts, read 18,281,090 times
Reputation: 3826
MSNBC/Progressive WIN!
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Old 03-25-2011, 04:24 PM
 
5,036 posts, read 5,137,062 times
Reputation: 2356
Quote:
Originally Posted by summers73 View Post
MSNBC/Progressive WIN!
Yep. Pretty much. Im surprised the NYT even covered this but its just going to blow over. As you could tell already, this among other things, the left just dont want to talk about.
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Old 03-25-2011, 04:26 PM
 
45,226 posts, read 26,437,203 times
Reputation: 24980
"It's Patriotic for Wealthy to Pay More in Taxes"-Joe Biden

Except for the corporate cronies.
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Old 03-25-2011, 04:32 PM
 
Location: Here
11,578 posts, read 13,947,225 times
Reputation: 7009
I guess since its not Exxon, there is no outrage.
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Old 03-25-2011, 05:01 PM
 
20,948 posts, read 19,049,136 times
Reputation: 10270
WHAT!

No friggin' way!

Isn't their CEO jeff immelt on obamas jobs council?

Doesn't he LEAD it?

Obama stands by GE's Immelt | POLITICO 44


obama say's, "You're doing a hell of a job, jeffy!"

Any of you libs/progressives have a problem with this?
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Old 03-25-2011, 05:04 PM
 
Location: San Diego, CA
4,897 posts, read 8,317,746 times
Reputation: 1911
Most of the fortune 500 don't pay net taxes. That's how corrupt our government is. Corporations buy politicians and then the politicians write loopholes to insure their masters never pay any taxes. The only people who lose are we the people.
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Old 03-25-2011, 05:06 PM
 
20,948 posts, read 19,049,136 times
Reputation: 10270
Quote:
Originally Posted by Oerdin View Post
Most of the fortune 500 don't pay net taxes. That's how corrupt our government is. Corporations buy politicians and then the politicians write loopholes to insure their masters never pay any taxes. The only people who lose are we the people.
The problem is that obama was supposed to FIX this.

Not exacerbate it.
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Old 03-25-2011, 05:16 PM
 
Location: Las Vegas
5,864 posts, read 4,979,129 times
Reputation: 4207
Quote:
Originally Posted by alphamale View Post
The problem is that obama was supposed to FIX this.

Not exacerbate it.
Well if anyone was foolish enough to believe a candidate from the corporate war machine party would actually fix financial/corporate corruption and end war then I guess they got what they deserved.
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Old 03-25-2011, 05:21 PM
 
69,368 posts, read 64,101,577 times
Reputation: 9383
Quote:
Originally Posted by 01Snake View Post
I guess since its not Exxon, there is no outrage.
There is no outrage from the left because it was Obamas stimulus package which granted GE their $3.2B tax credits...
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