Friday, March 25, 2011
Taxes Are For Little People
General Electric, the nation’s largest corporation, had a very good year in 2010.
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.
Full disclosure: I own GE stock. Guess who has to pay taxes on dividends earned?