from Chaotic Fate by qew
http://www.blacklistednews.com/?news_id=13249
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? And should the CEO of GE, Jeffrey Immelt, be advising the president on business?
For two years, President Obama has been talking about the need for corporate tax reform, declaring that the system is too complicated and that companies pay too much.
Read Full Article Here...
http://www.blacklistednews.com/?news_id=13249
March 27, 2011
Source: ABC
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? And should the CEO of GE, Jeffrey Immelt, be advising the president on business?
For two years, President Obama has been talking about the need for corporate tax reform, declaring that the system is too complicated and that companies pay too much.
Read Full Article Here...
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