GE doesn't pay taxes.

[wrveres]

NYT 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.

In a regulatory filing just a week before the Japanese disaster put a spotlight on the company’s nuclear reactor business, G.E. reported that its tax burden was 7.4 percent of its American profits, about a third of the average reported by other American multinationals. Even those figures are overstated, because they include taxes that will be paid only if the company brings its overseas profits back to the United States. With those profits still offshore, G.E. is effectively getting money back.

[Neato Torpedo]

And...this is a good thing? I don't get it, wr.

[jfg]

I'm guessing that most corps pay little to no taxes. My wife works at a job where she daily sees tax records of people living very well in stately homes who pay no taxes because everything is written off as business expenses. It's a joke.

[Metroid]

Don't hate the player...

[Mookie4ever]

I need a better accountant.

[bleach168]

Don't hate the player...

The player makes the rules for the game through lobbyists. So I think it's safe to hate the player in this case.

[wrveres]

And...this is a good thing? I don't get it, wr.

i never said it was a good thing. Its fricking nuts.

[Metroid]

Don't hate the player...

The player makes the rules for the game through lobbyists. So I think it's safe to hate the player in this case.

Lobbyists make the rules? Who knew?