GE makes $14.2 billion profit/pays NO taxes


And yet, it is school teacher’s pensions that are bringing down the country, right?

From the New York Times:

“…Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore.”

http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=2&scp=1&sq=ge%20taxes&st=Search

And GE’s executives benefit from the Bush-era ‘tax cuts for the rich’ that were renewed under Obama.   This is the fleecing of the middle class and people living in poverty by the ultra-wealthy.

Ready for a change?

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