You read that headline correctly. General Electric, a corporation with the blood of Americans on hands by supplying IED parts to Iran and it’s MSNBC arm running Pro-Islamic propaganda during the Bush years, paid no taxes in 2010. Jeffery Immelt, who now works for the Obama administration, helped put Obama in power by running Pro-Obama propaganda on MSNBC/NBC News. While other corporations pay a 39.5% tax rate, GE got off without paying anything. GE even got money from the the Obama stimulus scam. This is the ultimate treacherous/Tranzi Corporation.
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 Service for years, resulting in a far lower rate than at most multinational companies.
Read the rest: G.E.’s Strategies Let It Avoid Taxes Altogether
This really infuriates me. This is not Free Market Capitalism. This is pure 3rd World/3rd Way/State Capitalism/Fascism right in your face. While the rest of us pay taxes these traitors pay nothing.
Welcome to America.
Tags: General Electric, Jeffery Immelt
