Just picked it up from Lawrence O’Donnell on MSNBC. GE, the country’s biggest corporation, parent company of NBC and a major military contractor, paid nothing in taxes. And our tax code apparently allows for it. Thank you, elected representatives.
Here’s some of the story from the NY Times-
“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.” – NY Times