Well…after tangling with the IRS again for a measly 500 bucks or so…it just pissed me off when I was reminded about GE and how they have been able to manage their tax liability…and, by manage I mean avoid paying any taxes at all. Over the past three years, on 28 billion dollars in income, GE has paid no taxes…in fact, they have used the code written for them to get over 3 billion dollars in refunds…yep, folks…you and I are paying GE 3 billion dollars out of our taxes to bribe them to stay in the US…not that being here is the reason the company exists…that US markets have gotten it to where it is today…no, it is from their wonderful business savvy…if you can’t recognize it, that last part was all snark…the infrastructure, the education, and the market they depend on is all paid for by us and they use if for free since they don’t pay taxes…talk about free riders and takers….how many people would it take to take the 3 billion dollars they take every year? Parasites all……geez…
Tag Archives: General Electric
Here’s the real problem…
Well….if you were here yesterday, you read my post on the fact that G.E. didn’t pay any income taxes on the over 5 billion dollars of profit they made in the US, or on the 15.1 billion dollars they made worldwide last year. But, that’s not the real problem here…well, it is but what happened after that news was announced shows the isidiousness of corporate control of almost everything in our country. Did you see any of this news on NBC? Nope, not a peep, and guess why…NBC is owned by G.E. Their excuse was that it was just not newsworthy enough to put on the nightly news; while we had their newsreader going on about the new words that were being added to the Oxford dictionary? This type of behavior really points to the fact that corporations are out of control here in the US and that needs to be changed. I’ll be back to add to this one later but lunch is ready and I don’t want to overcook the chicken…
Forget the b.s on corporate taxation….
Well…to hear the repubs talk, the reason there are no jobs being created here in the US is the “fact” that corporate taxes are too high and this taxation is driving companies overseas. Really? they are still saying this after the news that came out about G.E. yesterday? In case you didn’t hear, one of our largest corporations, General Electric, paid no taxes last year…yep, you’ve got it, the company that is being held up as the shining example of success here figured out a way to not pay any taxes…but more than that they figured out how to steal 3.2 billion dollars of your and my money in the form of a tax refund…and that figures to a negative 60% tax rate. Where is your overtaxation now repubs? The second fact that these tax cutters don’t want you to know is that over 60% of American corporations paid little or no taxes last year. When was the last time you or I paid little or no taxes? These guys should be ashamed of taking advantage of the infrastructure that you and I pay for to make obscene profits and then twisting the knife by taking food out of the mouths of our poor. How many people could be fed with the 3.2 billion dollars that G.E. didn’t deserve? Geez….