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To: KDD

You believe so much that simply isn’t true. Let me take one of your assumptions apart and leave the rest to others.

I just looked up the GE 2010 statement. They earned about 11 billion. They paid their shareholders about 6 billion. Those 6 billion shareholders are mostly US citizens. Those US citizens paid at least 900,000 million on their profit share.

Further, GE paid over 17 billion in interest expense to others. That amounts to 17 billion in interest income to investors. The income tax due on that income is at at least 15%.

The stock trading volume averages 79 million each and every day. That means that 79 million in potentially taxable capital gains each day.

Even ignoring the amounts they pay vendors, employees, landlords etc, GE contributes both to our economy and to our government revenues.

In a similar way, your other statements are false.


7 posted on 10/11/2011 6:15:31 AM PDT by Raycpa
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To: Raycpa

Your logic.

8 posted on 10/11/2011 6:41:07 AM PDT by KDD (When the government boot is on your neck, it matters not whether it is the right boot or the left.)
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To: Raycpa
G.E.’s Strategies Let It Avoid Taxes Altogether
9 posted on 10/11/2011 6:45:47 AM PDT by KDD (When the government boot is on your neck, it matters not whether it is the right boot or the left.)
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