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by slappy-mcjohnson October 9, 2011 7:35 PM EDT
by apufan1

It is clear you only know the parrot speaking points of the left.

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So you think Forbes is a liberal publication? Wow.

READ THE ARTICLE if you want to understand the truth about their "losses".

.
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by slappy-mcjohnson October 9, 2011 7:33 PM EDT
by -LiftingSkirts- October 9, 2011 7:19 PM EDT
my comments are taking too long to post... no fun :-(

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Unfortunately, CBS still hasn't fixed that problem. It often won't show threads' latest posts unless someone posts a new one at the very top of the page.

They really don't seem to care about it, either!
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by -LiftingSkirts- October 9, 2011 7:22 PM EDT
A "tax Holiday" is a bad idea for repatriating overseas US dollars.

General Electric International, Inc., Wilmington, Delaware, Zurich
Bandliweg 20, 8048 Zurich, Switzerland.

The latter is where some dollars are... untaxed dollars.
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by jschmidt27 October 9, 2011 7:19 PM EDT
Tax foundation-Taken as a whole, these studies indicate that the average effective tax rate for U.S. corporation, like the statutory rate, is one of the highest in the world. The US imposes a very high tax burden on its corporate sector even after credits and deductions are considered.
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by jschmidt27 October 9, 2011 7:08 PM EDT
Tax Foundation- So how do U.S. effective corporate tax rates differ from the very high statutory rate? More importantly, how do effective tax rates for U.S.-headquartered firms compare to the rates of their competitors across the globe? This report addresses these questions by synthesizing the latest academic literature regarding effective corporate tax rates. Recent years have produced a multitude of credible studies to facilitate this enquiry.
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by slappy-mcjohnson October 9, 2011 7:06 PM EDT
by apufan1

Pre-tax income: GE had a loss of over 400 billion in the United States in 2010.

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Wrong! Try again.

Tell you what - open book quiz - read the article by Forbes magazine, and get back to us with the correct numbers instead, eh?
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by jschmidt27 October 9, 2011 7:06 PM EDT
Tax foundation-The United States currently lays claim to the second-highest statutory corporate income tax rate in the developed world. At 39.2 percent, the rate is only 0.35 percentage points behind OECD-leading Japan.1 Since 1997, 30 of the OECD's 34 member nations have lowered their statutory rates in an effort to retain and attract investment while the U.S. has sat idle. In the process, the average statutory corporate tax rate for OECD nations has dropped from 36.5 percent to the current 25.1 percent.
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by eddie695 October 9, 2011 7:03 PM EDT
PSST... Do you have some money? If you got some money I have some laws for sale. I'll tell you what. If you have $500k I can relax some regulations on you. Even better, since I'm in a good mood and because I like you, if you have 55 million, I can cancel some program for women and children and give you a great tax break. Seriously. How much money do you have because I make the laws baby! I got these people in the back of my pocket! They think as long as my pockets get bigger, that I'm going to sprinkle them all with trickle down money but we can be in business together, You and me, Just show me the MONEY and you can have any law you want. If you get in trouble, I can even bail you out! Laws for sale! Get your American Laws and all the tax breaks you want. Hurry today before the backs of the middle class break.. if you want a tax break!
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by slappy-mcjohnson October 9, 2011 7:00 PM EDT
by apufan1 October 9, 2011 6:57 PM EDT
I don't have to...I know that GE lost over 400 billion in the United States. I've read their reports

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Sure. Did you read all 24,000 pages of their IRS return?

And yeah, Forbes is a "liberal" publication.... again, just "wow".
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by TimB.MCSE October 9, 2011 7:00 PM EDT
Until people become "un-stupid" and continue to re-elect the same people in office over and over again, nothing will change.

Politicians are almost all corrupt. Does anyone really think politicians recieve millions of dollars because they are a swell guy or gal? Don't be dumb.

They are given all that money to do the bidding of the donor.
Its a simple fix:

Term Limits
Flat tax, where everyone pays the same rate. No deductions for anything, or anyone, we all pay the same rates period.
No bail outs, if you make stupid business decisions your business fails.

If your elected official doesnt agree to this, vote him out.
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