moldybluecheesecurds 2

Monday, March 28, 2011

U.S. Corporations Disgust Me

GE pays no taxes | Eric Black Ink: "

Did you perchance read the front-page piece in the Friday New York Times about GE’s taxes? It’s very long, exhaustive and a masterful piece of reporting by David Kocieniewski that must’ve taken months. I highly commend the full read if you have an hour, but if not, the main point is made in the first three short paragraphs:

“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.”

This is the kind of crap that makes my blood boil when we run massive government budget deficits and then talk about how we can cut payments to the elderly. We have a revenue problem.

I think I'd rather GE pay their taxes than make my parents work an extra five years into their retirement.

1 comment:

Slummy said...

If you didn't see this, it's worth watching: