Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (101910)	3/25/2011 10:32:10 AM
From: locogringo	2 Recommendations Read Replies (1) of 224706

New data showed that corporate profits had a banner year in 2010 Your best buddy, Obama_the _Fraud is deep in the middle of it, kenny. Makes ya kinda proud, doesn't it..........all that Hope and Change? G.E.’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. That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue for years, resulting in a far lower rate than at most multinational companies. nytimes.com

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