I saw the Daily Show last night and was surprised at first to hear this, but then I wondered why GE would not have to pay any corporate taxes for 2010 (which the Daily Show never addressed).
"General Electric Co. (GE) said Monday that it expects its U.S. income tax bill for 2010 to be completely offset by overpayments from prior years and other adjustments, although it noted that it hasn't filed the return yet."
http://online.wsj.com/article/BT-CO-20110328-715017.html?mod=wsj_qt_latest_wsj#articleTabs=article







