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Forums - General - So, where's the outrage that GE got -60% tax?

Galaki on 29 March 2011

From Monday's The Daily Show, GE isn't paying the 35% corp tax but instead got a government handout of over $3 billions.

Why isn't there outrage on that but they talk about unions cut for teachers, police and firefighters.



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mrstickball on 29 March 2011

Probably because GE backed Obama :-p



Back from the dead, I'm afraid.

Kirameo on 29 March 2011

GE is the s**t!



 

Arcturus on 29 March 2011

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