General Electric Paid No Federal Taxes in 2010

The top tax bracket for U.S. corporations stands at 35 percent, one of the highest rates in the world. So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit? And should the CEO of GE, Jeffrey Immelt, be advising the president on business? For two years, President Obama has been talking about the need for corporate tax reform, declaring that the system is too complicated and that companies pay...Full Story
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