GE’s strategies let it avoid taxes altogether

General Electric, the nation’s largest corporation, had a very good year in 2010. 

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.  Read the details at 

 (Liv’s Opinion: Corporatism is the business arm of the Government, not to be confused with Capitalism)


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tell us what you think!

Talk to us on Facebook at OBX TEA Party Patriots
%d bloggers like this: