GE Paid Just 2.3 Percent in Federal Taxes Over Last 10 Years on More Than $81 Billion in Profits


GE Paid Just 2.3 Percent in Federal Taxes Over Last 10 Years on More Than $81 Billion in Profits

Thanks to tax loopholes and deductions, General Electric (GE) was able to pay a mere 2.3 percent in federal taxes on over $81 billion in profits over the last 10 years, according to analysis of the corporation’s tax filings conducted by Citizens for Tax Justice.

The Citizens for Tax Justice, a non-partisan watchdog group, said that GE’s latest filings with the Securities and Exchange Commission (SEC) reveal that they were far under the supposed 35 percent corporate tax rate.  (Continue reading)

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Posted on February 29, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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