Sunday, April 10, 2011 – Ad Lib by Catherine Poe
When you read about GE paying no corporate federal taxes in 2010 while getting a $3.2 billion rebate, does your blood start to boil?
If you listened to the corporate whining, you probably thought companies like GE paid 35% in federal taxes. Not so. It’s a rare company that ponies up that amount.
For too long the American public has been hornswoggled by this century’s “robber barons.”
Remember, it was our tax dollars that saved the hides of many of these multinationals with colossal bailouts, and how do they say thanks?
By not paying their taxes. Nada, zero, zilch. And it’s legal, thanks to Congress.
However, I am betting you’ll pay your 2010 taxes on April 15th.