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Forum Post: Billions in Profits and not Paying Taxes

Posted 2 years ago on April 26, 2012, 6:58 p.m. EST by TrevorMnemonic (5827)
This content is user submitted and not an official statement

The top tax bracket for U.S. corporations stands at 35 percent, one of the highest rates in the world. So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit?

http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558#.T5nSR6tYstg

BP Cut Tax Bill by $13B Due to Losses From Spill... essentially the tax dollars paid for the cleanup...

(sorry to share a Fox News link, it still shows the bullshit) Read more: http://www.foxnews.com/politics/2011/04/22/bp-cut-tax-13b-losses-spill/#ixzz1tBppZHYf

Oldies but goodies. Share if you or anyone is unaware... or if an a-hole tries to talk about how the corporations pay too much in taxes and claim "that's what's killing jobs!" What's killing jobs is greed.

9 Comments

9 Comments


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[-] 2 points by wellhungjury (296) 2 years ago

Is the reason that you did not share an MSNBC link to this story is because MSNBC is owned by GE? Just another slice of how cooperate control manipulates both parties and tries to filter information to us. You have to watch them all to get some sort of a complete story. Even then there are doubts.

[-] 1 points by TrevorMnemonic (5827) 2 years ago

Awesome screen name wellhungjury

[-] 1 points by wellhungjury (296) 2 years ago

Thank you.

[-] 2 points by Shule (1696) 2 years ago

How is it possible?...... rhetorical question, I'm sure.

You heard of the golden rule; "he who has the gold, makes the rule."

[-] 1 points by TrevorMnemonic (5827) 2 years ago

ha that's awesome. Hadn't heard that one before. Makes perfect sense though.

[-] 1 points by Nevada1 (4466) 2 years ago

Hi Trevor, Thank you for post. Best Regards

[-] 0 points by XenuLives (1645) from Charlotte, NC 2 years ago

So true. The constant conservative clamor is to "de-regulate" and "remove barriers to business" as steps towards their goal of a government that barely does anything.

The fact is that conservatives DO want big government, just the parts that they like the most. That's why they constantly try to make cuts in the food stamp program in order to keep military spending at its ridiculously high rates. Bullets, to conservatives, are more important than food.

They also want MORE regulations whenever those regulations are targeted at people that they don't like. More regulations on voting targets blacks and the elderly. I haven't seen any talk about how the conservatives are going to protect minorities' rights to vote if those people lost their birth certificate or don't have the means to apply for the IDs that they need.

Lets also mention the regulations that conservatives are quick to push on women. Apparently businesses shouldn't have any rules stopping their greed, but vaginas are things that need to be kept in check.

Last but not least, conservatives have no qualms taking drastic measures to attack people that choose to love others that are not only of the opposite sex. My state has constitutional amendment that will ban ANY unions between two people if they aren't between a man and a woman. Other states are pushing similar shows of bigotry.

[-] 1 points by TrevorMnemonic (5827) 2 years ago

Yes so very true but also keep in mind that a lot of democrats have passed deregulation as well. They might preach the opposite, but many have been pressured into voting for deregulation. The Financial Modernization Act of 1999 for example and even recently the republican JOBS Act was passed with bipartisan support and that bill takes away regulations put in place after the ENRON fraud. The bill also doesn't create a single job. Every politician needs to be watched with an eye open.

[-] 2 points by XenuLives (1645) from Charlotte, NC 2 years ago

Very true. Neither party is perfect. That's partly why I'm here, to get all of these lobbyist dollars out of politics so that maybe our elected officials will start to pass the laws that we want rather than what some conglomerates want.