Cryptcl: General Electric Paid No Federal Taxes in 2010, Immelt: Businesses must do more on jobs,

Amazing what friends in high places can do for a company’s bottom line. Making all that money and yet paying no federal taxes in 2010. It’s good to be friends of the king? I thought Obama wanted to tax the rich?
$14.2 billion in profits 2010, $9 billion was offshore,
received $3.2 billion tax benefit, $0 federal taxes in 2010

source: http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558
source1: http://money.cnn.com/2011/07/11/news/economy/immelt_chamber_jobs_summit/index.htm?iid=HP_Highlight

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Published in: on August 2, 2011 at 4:33 pm  Leave a Comment  

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