Corporate Taxes? Taxes? $14 billion in profit - 57,000pg Return = ? Taxes

**Alundil** · 11-18-11, 12:43 PM

Corporate Taxes? Taxes? $14 billion in profit - 57,000pg Return = ? Taxes

= $0 Taxes if you're GE

GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits | The Weekly Standard

**SmokenScion** · 11-18-11, 12:57 PM

With how much GE lends to small businesses, most should be outraged that folks are making light of only the bad.

**Red_Lizard2** · 11-18-11, 03:58 PM

Originally Posted by Alundil

Corporate Taxes? Taxes? $14 billion in profit - 57,000pg Return = ? Taxes

= $0 Taxes if you're GE

GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits | The Weekly Standard

If you think that is bad, there is a study out there of the taxes paid by some of the biggest corporations (and the money they got in subsidies etc.) anyways, Pepsico's 3 year average tax burden was.......

-56.7%

**Alundil** · 11-18-11, 04:18 PM

no doubt - there is something wrong with the picture.

**SmokenScion** · 11-18-11, 05:17 PM

Originally Posted by Alundil

no doubt - there is something wrong with the picture.

Even if you don't buy their products, you still Buy their shit.

**deathgodusmc** · 11-18-11, 09:33 PM

Thats precisely why i say we need to go to a flat tax. It happens way to often. The loop holes allow those with money a way out of putting into the system. GE is far fromm the only company to do this and if im not mistaken this is like the 5th year for GE to pay 0. Shit some even got returns worth millions. The old threads thread for this when it was ttp had some good references.

**Fovezer** · 11-19-11, 12:14 AM

Clearly the only way to fix this is to cut taxes! A 0% effective tax rate is way too big of a burden for these companies! It's class warfare!

**Glitch** · 11-19-11, 08:52 PM

They cant afford to hire people at 0% taxes!

**deathgodusmc** · 11-20-11, 12:08 AM

Originally Posted by Glitch

They cant afford to hire people at 0% taxes!

Its all those minimum wage employees that are fucking it all up.

**rock_lobster** · 11-25-11, 12:10 PM

If I were them I'd do the same. If we want to solve this problem, then get rid of the loop holes and fix the system. I'm not going to fault someone for wanting to keep more of their money. I do it every year on my 1040