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After seeing the news about GE and filing my taxes, I do not understand how our Federal Government stays in business.
GE paid ZERO on $5 BILLION DOLLARS in profit in America.
My federal tax burden was ridiculous after my deductions. Less than 1%.
It looks like I'm one of the "recipient" class after all.
I still paid a small fortune in state and property tax, but my federal tax level surprised even me. Property tax, gas tax, state tax, sales tax equaled about $50,000, but not much to the feds.
I still see myself as self sufficient, my wife and I both work full time, we have one college grad and one in college (we're footing the bills).
And, I'm glad that so little of my money goes to the federal treasury, but jeez.
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