GE 0% tax on multi billion profit

Now you get it. If the other side wants it, it will happen.
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As I said, tax all the money coming in and out of the country.

So what you are saying is that G.E. have passed these tax cuts onto the American people.

So those millions of dollars they have sitting in offshore bank accounts doing nothing aren't there? They've been used to cut prices?

So you are saying that the price of Oil and Gas has gone down because of these tax breaks? Oh...they have trains too..train fares have gone down right?

G.E. has NOT passed these tax breaks on to the American people. It's a nice theory you have, but reality tells a different story.

Our underpaid worker at Walmart might be saving money on their shower curtain and bath mat, but her rent has gone up, her fuel costs have gone up. her bus fares have gone up and she is paying a larger proportion of her wages on taxes than Walmart. I think she'd be better off with a pay rise and a tax cut, because Walmart are not going to give her that money out the goodness of their hearts. They charge for products what the market can bear, it doesn't matter how big or small their profits are.

Welcome back, Rush!

extinct major corporations make room for smaller more agile business to fill in where they have failed.

Excess profits that are merely offshored (yes money can be taxed before it leaves these shores, or comes in, and should be) simply speed the death of ANY income.

There is no trickle down. It is a lie.

As I said, tax all the money coming in and out of the country.

Someone said they would believe a corporation is a person when they see one sentenced to death. I'll believe a corporation pays tax when I see one sentenced to jail for tax evasion. It won't be hard for them to pick up the paper and put it in a cell either.

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Successful corporations are paying no taxes. The executives are paying very little

Successful corporations are paying no taxes. The executives are paying very little

Please provide a list. Hint GE paid over $1 billion in taxes so it isn't on the list.

As to the executives, please post the AMT rate and explain why that is "very little." Then ask how many here had to fill out form 6251 to figure their AMT tax this year.

Your source?

nytimes.com:

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.

There is mine.

I'm just amazed by what people don't know about taxes. How often do you do something if it is done annually?


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You personally are required to pay quarterly estimates, so do you file four times a year? No you file once a year. You can even get two extensions on that if you need them.


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