Rejoice, Ye Capitalist In Heart

[billwald]

http://www.alternet.org/newsandview...o_dollars_in_u.s._taxes_last_year/#paragraph6

GE pays no income taxes last year.

 

[North Carolina Tentmaker]

Wow, and this is the same company led by Jeffrey Immelt, the man our wonderful president named to head his jobs committee. Support this administration and you won't have to pay taxes either.

 

[glfredrick]

Bill, you don't really believe the stuff you read on that site, do you? If so, I really feel sorry for you. Care for a subscription to Ramparts?

 

[Arbo]

...Or Drudge. It's free.

 

[Salty]

Lets consider a few facts

First, how do they avoid income tax - by congressionally mandated "loopholes" the same loopholes you and I can use.

But

How much did they pay out in Property tax
How much did they pay out in sales tax
How much did they pay out in FICA taxes
How many jobs did they create, and which in turn the employees paid income taxes
How many jobs did outside companies provide to service GE?
How much money did they give to Charity?
How much money was spent for benefits on employees - ie health
ect, ect, ect

I'm not saying that GE should get away scott free on income tax, but you are absolutely wrong when you say they paid NO tax.