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General Electric paid no Taxes in 2009

April 12, 2010 Politisite 0

Why is General Electric so supportive of the Obama administration?  Well they didn’t pay taxes in 2009.  GE which includes NBC had an affective tax rate of 5.5% in 2008 and 2007 15% while the Corporate rate is supposed to be 35%.  How did they get away with free loading on America’s dime?  The have a great ability to lose money or buy companies that offset gains. Does anyone wonder […]