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GE $14 billion profit, $0 US income tax,

Discussion in 'Politics, Elections & Legislation' started by mrskeet410, Nov 17, 2011.

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  1. mrskeet410

    mrskeet410 TS Member

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    57,000 page tax return.

    http://www.weeklystandard.com/blogs/ge-filed-57000-page-tax-return-paid-no-taxes-14-billion-profits_609137.html
     
  2. bocephus

    bocephus Member

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    mrs keet, doesn't the CEO of GE work for obama now? No taxes just a coincidence? Go find out for us and report back
     
  3. mrskeet410

    mrskeet410 TS Member

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    Bo - I did find out for you, but you have to read the article at the link to find out.
     
  4. moowho

    moowho Member

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    Does that mean my stock will go back up
     
  5. Brian in Oregon

    Brian in Oregon Well-Known Member

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    Deplorable Bitter Clinger in Liberal La La Land
    A properly run corporation should not be paying income taxes.

    That doesn't mean they are paying no taxes. They pay property taxes, payroll taxes, excise taxes, the goes on and on and one.

    The "income taxes" are actually passed on to investors, corporate officers, etc.

    Anyone who has run a small business knows this. They take their salary from their corporation and they pay their own income tax. The corporation doesn't pay income tax.

    I realize I'm wasting time with our resident liberal troll who pretends to be a gun owning RINO to get people to vote for Romney because he thinks his hero Obama is going to lose. So he wants a liberal Republican as the next best thing. But look at what he posts here. Conservatives aren't the ones going on and on about GE paying no income taxes. It's liberals who do that. And in this case our resident faux conservative gun owner has posted this subject before.
     
  6. daddiooo

    daddiooo TS Supporters TS Supporters

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    Jeffery Immelt at GE is OButtholes buddy and will never have to pay taxes. You don't even want to know how much money Barry gave them for job creation. Then they took the taxpayers money and moved most of the jobs to 3rd world countries.

    With all the screwing we've been gettin' it's hard to believe that the shootin' hasn't started yet.
     
  7. BILL GRILL

    BILL GRILL Well-Known Member

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    Has to do with having their corporate headquarters in another country where they are paying taxes! The tax rate here is almost double. Where would you go?
    Get the tax rate on a even plane with those other countries they will pay here. Along with several other companies. Simple math not brain surgery. Just our politicians being dumb a$$es. Where is Regan when we need him! Bill
     
  8. GBatch_25

    GBatch_25 Active Member

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    OLD NEWS.

    Stir it up. Do you want CHANGE? That's what we are supposed to be getting, along with HOPE. LOL

    Bet that GE has more people in its Tax Dept than there are protesters in some cities. AND what they are doing is LEGAL. HELLO.

    Gene Batchelar
    Wheaton, IL
     
  9. daddiooo

    daddiooo TS Supporters TS Supporters

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    Change is no more of a plan than hope is a strategy. OLD NEWS.


    What they are doing is legal and until you take government out of the business of sleeping with big business and campaign contributions this is the crap you wind up with.

    Democrats will tell you we have a revenue problem, What they have is a spending problem. Take a look at Wisconsin.....The first time in decades that they've had a balanced budget and a republican govenor. Democrats up there are now mounting a recall on Gov Walker. WTF??? Facists or Socialist?? Either way Demos can't handle any type of fiscal responsibility or reality. Real taxpayers (you know the 51%) have to take the credit card away from government.
     
  10. mrskeet410

    mrskeet410 TS Member

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    "AND what they are doing is LEGAL."

    So?
     
  11. Voolfie

    Voolfie Member

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    FLAT TAX

    Everybody - including corporations - pays 10%...no deductions, no exceptions.

    Tax returns could be done on a 3x5 card.

    So, what are the chances of a good idea like this actually getting implemented?

    I figure...

    ...wait for it...

    ...about 10%.

    -J.F. Wolfington
     
  12. mrskeet410

    mrskeet410 TS Member

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    Wolfington - 10% of what?
     
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