Quote:
Originally Posted by Azure
But, subsidizing the oil industry, or allowing GE to get away without paying ANY taxes at all while they have $10 billion dollar quarters is where you're losing your major source of revenue.
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Ok, you keep citing this fact. I just had to step in and clarify. This happened in 2009, not last year. Over the last 4 years, including that billion dollar tax refund, they've paid just over $5 billion dollars in taxes. They've also paid out $35 billion in dividends over that time, which are also taxed. They still paid over that time a ridiculous 7% income tax rate, but let's not go overboard to claim that tax payers are subsidizing GE.
http://www.marketwatch.com/investing.../ge/financials