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bhikkhu

(10,789 posts)

10. Glad somebody posted that

Reply to 1939 (Reply #8)

Sat Jul 2, 2016, 02:02 AM

Jul 2016

I'm not a particular fan of GE (though I have a few of their lightbulbs and such) but they seem to have become a magnet for disinformation. My own habit when I read something absurdly irritating on the internet is to fact-check it. GE is a publicly owned company, so they have to issue annual reports to stockholders and publish independently audited financial statements. Going through a few years of those closely gets the numbers you posted. They do use a variety of means to pay less than simple corporate tax rate, but its not the zero-tax and worse claims you see here and there.

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General Electric: Billions in Profits. Almost ZERO in Federal Tax. Spends 82 Million on lobbyists. [View all] Triana Jul 2016 OP

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According to Value Line 1939 Jul 2016 #8

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Glad somebody posted that bhikkhu Jul 2016 #10

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Good Bye to GE Corporate headquarters in CT Arizona Roadrunner Jul 2016 #12