Saturday, November 26, 2011

Disgusting

I caught this image beside our driveway earlier in the summer and just now 'found' it. It is much prettier than the following story.

How much income did you earn last year, how much tax did you pay, and how long (pages) was your tax return?

I am just asking so you have a reference point from which to judge the General Electric numbers.
Profit generated: $US14 Billion
Taxes paid: $US 0 (Zero)
Length of tax return in pages: 57,000

To give a little more perspective, five years ago, the length of the return was less than half. It leads one to think that the more rules and regulations regarding tax law, the more loopholes and the more tax accountants it takes to avoid paying any taxes.  

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