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General Electric: 2010 profit=$10 billion Taxes=$0!

Posted on | April 1, 2011 | No Comments

You’ve probably heard this by now. General Electric (GE) is paying no taxes in the US┬ádespite┬ámore than $10 billion in profits for the accounting year 2010! How can this be!? I’s earning a fraction (a tiny, little, minute fraction of the $10 billion to be clear) and I’m paying taxes!! US corporations are usually taxed […]

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