I'm becoming increasingly convinced that the biggest government hindrance of economic growth is tax code complexity, not whether the top rate is 25%, 32%, 35% or 41.37%. The whole damned abomination needs tro be scrapped.The Gray Lady wrote:General Electric, the nation’s largest corporation, had a very good year in 2010.
The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
Tax reform? We don't need no stinking tax reforms.
- J sub D
- Posts: 1741
- Joined: 26 Apr 2010, 16:36
- Location: Way down upon the Detroit River, far, far away
- Contact:
Tax reform? We don't need no stinking tax reforms.
G.E.’s Strategies Let It Avoid Taxes Altogether
EDIT: Oh, and the civil rights and basic human dignity thing too. - JasonL
My guess is this is the love child of some Objectivists what got excommunicated. - Warren
My guess is this is the love child of some Objectivists what got excommunicated. - Warren
Who is online
Users browsing this forum: No registered users and 10 guests