So how does GE repay the US?
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 $3.2 billion. --NYT quoted at AOSHQ
It is a fact that "corporations" do not pay taxes--their customers do.
Having said that, it does seem a bit........odd........that President PixieDust is consorting with such rapacious and eeeeeeeeeeeeeeeevil corporations, no?
3 comments:
Why in the hell did Jeffrey Robert Immelt travel with Obama to Brazil? Vacation my #$%^&*! How many presidents leave the country upon Launching a war?
..... No good for us can come from this....
http://www.michaelsavage.wnd.com/index.php?fa=PAGE.view&pageId=48881
Famous quote from that stinking little Nazi Napolean Jack Welch: "We're GE, and you're not.".
Such an endearing little troll.
Disgraceful...but not surprising of course.
Post a Comment