GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits
1:11 PM, NOV 17, 2011 • BY JOHN MCCORMACK
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Ryan used the data point to underscore the irrationality of the corporate income tax code. He also contrasted GE with UPS to make the point that the corporate income tax code doesn’t make sense. “UPS paid a 34 percent effective tax rate,” while its biggest foreign competitor, DHL, paid a 24 percent tax rate, Ryan said.
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Corporations don’t “pay” taxes.
ONLY real people pay taxes.
The correct corporate tax rate is ZERO.
And, what is a “corporation” any way? Just a bunch of stockholders, typically mutual funds. Retirees and pensioners.
How stupid are “We, The Sheeple”?
Argh!
p.s., “What at first was plunder assumed the softer name of revenue.” ~Thomas Paine
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Reinke Faces Life 