Off-Topic: GE's Heavy Tax Load

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	Name:	MartiniMan -
	Subject:	GE's Heavy Tax Load
	Date:	3/26/2011 9:13:03 AM

Yep, that's the way it works and why rich liberals are always whining about needing higher taxes. They know they have the accountants and attorneys to minimze their tax liability, if not make it go away altogether like GE. Frankly I don't blame them one bit and if I could legally eliminate my tax liability under the current laws I certainly would.

What is interesting is I don't recall seeing how much in foriegn taxes GE paid for last year. In 2010 GE paid $0 federal taxes (and took a $1 billion tax credit) but from 2000 to 2009 it paid over $23 billion in taxes to foriegn countries. Is it any wonder with the U..S having one of the highest corporate tax rates in the world. Move net income overseas and pay lower tax rates on it. Move costs and losses to the U.S. and get tax credits to offset future gains. Yeah, higher taxes always results in more revenue to the government.......what a hoot....

Other messages in this thread:

View Entire Thread

GE's Heavy Tax Load - lotowner - 3/26/2011 6:31:37 AM

GE's Heavy Tax Load - water_watcher - 3/26/2011 7:24:12 AM

GE's Heavy Tax Load - MartiniMan - 3/26/2011 9:13:03 AM

It's in Code - MAJ USA RET - 3/26/2011 11:01:39 AM

AH! Another quiz: - MAJ USA RET - 3/26/2011 11:31:19 AM

Hey MAJ - GoneFishin - 3/26/2011 8:38:18 PM

Hey MAJ - MAJ USA RET - 3/26/2011 9:54:47 PM

Clever - MartiniMan - 3/27/2011 12:03:18 AM

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