GE: 7,000 tax returns, $0 U.S. tax bill

Discussion in 'Current Events' started by Xenophon, Apr 16, 2010.

  1. Xenophon
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    Xenophon Gone and forgotten

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  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Jeffrey Immelt is getting a big payback for turning NBC into Obama-Pravda-Network.
     
  3. WillowTree
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    WillowTree Diamond Member

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    Yes hymn is,, they use MSNBC as a non stop public service announcement and give secondly terrorist alerts.. "oh look! there goes an old white person:eek:"
     
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  4. Oddball
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    Oddball BANNED Supporting Member

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    Looks like that's the designed purpose of DNCNBC. :eusa_think:
     
  5. Xenophon
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    Xenophon Gone and forgotten

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    They announced gains for the shareholders, for taxes only a loss.
     
  6. Modbert
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    Modbert Daydream Believer Supporting Member

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    The majority of Corporations don't pay taxes, already a well-known fact.

    Obama pays more taxes than GE and Exxon combined.

    Hell, I pay more taxes than GE and Exxon combined.

    I wonder who made it so Corporations could get around these laws? :eusa_think:
     
  7. Modbert
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    Modbert Daydream Believer Supporting Member

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    The magic of Accounting. I'm learning all about it right now, it's amazing what you can do with the right amount of deferrals and tricks with the loopholes.
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    What a moron.

    Tax accounting is done to comply with the Tax Code designed and enforced by the Federal Government. The deferrals and loopholes were put in place BY THE GOVERNMENT. It has nothing to do with GAAP accounting - and just places another big cost of compliance on businesses. If they are able to reduce their tax burden via these gimmicks, they have a fiduciary responsibility to do so.
     
    Last edited: Apr 16, 2010
  9. Care4all
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    Care4all Warrior Princess Supporting Member

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    close the offshore loophole...

    we should FOR ONCE all be able to agree on this...or at least, most all should be able to agree on this...
     
  10. Oddball
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    Oddball BANNED Supporting Member

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    Better to scrap the whole Rube Goldberg income tax and IRC altogether....You just can't polish a turd.
     

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