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G.E. Paid No Taxes in 2010 but Profits $14.2B

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G.E. Paid No Taxes in 2010 but Profits $14.2B Empty G.E. Paid No Taxes in 2010 but Profits $14.2B

Post by js123 Fri Mar 25, 2011 4:52 pm

Tax cuts are working for the corporations but not for the poor.


http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=2&partner=rss&emc=rss

"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."

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G.E. Paid No Taxes in 2010 but Profits $14.2B Empty Re: G.E. Paid No Taxes in 2010 but Profits $14.2B

Post by lendmeflight2 Fri Mar 25, 2011 5:09 pm

But Because of the Obama administration, which is anti-business, they can't afford to hire. Yeah right.

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