See how conservative the scum of the country club can be when they dont have to pay taxes? They care about there loopholes and tax cuts and beyond that they dont care if they print left propaganda. Some times I think that Consrvatives are bascially the only ones who pay taxes. I posted to Fox befause I did not want to link to the NYT.
So, where are all these Wall Street and corporate bashing liberals? Where’s Michael Moore?
I know where Jeffrey Immelt is. He’s usually on Air Force One when the Worshipped One is jet setting around the world. It’s good to OWN the king.
Jeffery Immelt. Obama’s new BFF.
That says enough.
How corrupt and crony is this administration?
I just went to run an errand, and son had on station with the life White House presser. Instead of turning to Rush as I normally would do, I stayed with the presser which was for once even more entertaining than Rush!
Carney was spinning and twirling and twisting trying to answer repeated questions about how Brackets could have Immelt, the GE chairman, the very “poster boy” for corporate tax evasion, as chairman on his counsel on jobs and incentives (whatever it’s called). It was great! Catch a rerun or on youtube if you can.
I haven’t looked at it and the article doesn’t say too much, but I’d assume GE and many other companies have plenty of loss carryforwards from the last few years to eliminate any taxes for some time.
2010 GE 10K - GE paid 2.671 BILLION in net US income taxes
so, the story is a LIE (per usual)
http://www.ge.com/ar2010/pdf/GE_AR10.pdf
Crony Capitalism at work.
To say that GE is liberal based on their ownership of G.E. is quite a stretch. They are the 2nd largest conglomerate in the world, and are selling NBC to Comcast.
Corporations pay tax on profits but they recover the cost by charging higher prices for their goods and services. They must make a profit. The tax cost is passed on to the consumer. Consumers pay the corporate tax and on top of that they are likely to pay a sales tax as well. Corporate taxes are an indirect way of getting more taxes from the people.
I wonder why Obama gave them a bailout?
I wonder why Obama gave them a bailout?
And what tax law did they break exactly?
Not that I don’t get the hypocrisy, but my guess is that there is something behind this. For example, did they get a bunch of tax breaks for wind farms or other green technology “research.”
I’m frustrated because I can’t find a decent news source that is telling the actual story. In fact, even the discussions that I hear from Fox is about “repatrioting profits.” I read that as “we should tax profits made by US corps overseas.” I couldn’t agree more......
Anyway, I’d love to see what the story really is....