its no wonder this country is broke...........
from the NYTIMES.....
"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".
"While General Electric is one of the most skilled at reducing its tax burden, many other companies have become better at this as well. Although the top corporate tax rate in the United States is 35 percent, one of the highest in the world, companies have been increasingly using a maze of shelters, tax credits and subsidies to pay far less."......read it here
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