Saturday, April 2, 2011
The favorite remark by certain political types lately is that taxes are way too high, and they need to be reduced. However, it has recently come out that GE did not pay any corporate taxes in 2010 even with $5.1 BILLION in profits from its US operations (the profit for the entire corporation was $14.2 billion for 2010). I guess I am confused. I guess taxes are only real people...however, corporations are people according to the US Supreme Court...why don't they pay the taxes that people. Yes, there should be tax reforms, but it should be to close some of the huge loop holes that let some huge companies not pay for the services they need.
Posted by Brother Cinaedus