IRS reveals how and why GE didn't pay any taxes

[Ichingcarpenter]

Here are some of the ways GE avoided the tax man:

Saved all receipts from aggressive lobbying efforts

Purchased TurboTax Corporate Max Edition

Wrote off bankruptcy of sister company Abstract Electric

Brought a few hundred million good things to life; claimed them as dependents

Somehow managed to locate a loophole in the transparent, ironclad U.S. tax code

Claimed entire NBC prime-time lineup as a loss

Claimed cash as a spouse, earned marriage tax credit

[xchrom]

1. funny. nt

[Shagbark Hickory]

2. That reads like a letterman top 10 list. nt

[glinda]

7. That is so funny!

[krispos42]

3. Formed bundles of cash into furniture; claimed redecoration as a business expense n/t

[Ichingcarpenter]

4. I've been out of loop

in the US.... who is the guy in your photo?
I see a lot of funny or odd sayings attributed to him.

[ret5hd]

5. only the most interesting man alive!

[Ichingcarpenter]

6. Who is he?

I don't recognize him.

[Electric Monk]

8. It's from a beer commercial

http://www.youtube.com/watch?v=8Bc0WjTT0Ps

btw, funny OP, better than a Letterman top 10 :)

[Ichingcarpenter]

10. Gee No TV for me for years and see where it gets me?

I don't get any commercials on the internet ...I'm so lost. Thanks for the info.

The commercial was strange and I know suppose to be funny, I don't think it put dos xxx beer in smart light if you really think about it.

[krispos42]

13. The Wiki article isshort and sweet

http://en.wikipedia.org/wiki/The_Most_Interesting_Man_in_the_World

Enjoy!

[offmybrain]

9. GE is paying taxes

Not sure how this GE not paying taxes propaganda started,They haven't filed there taxes yet(I think they have until Sep).

"Did GE pay U.S. income taxes in 2010? Yes, it paid estimated taxes for 2010, and also made payments for previous years. Think of it as your having paid withholding taxes on your salary in 2010, and sending the IRS a check on April 15, 2010, covering your balance owed for 2009.

Will GE ultimately pay U.S. income taxes for 2010? After much to-ing and fro-ing -- the company says it hasn't completed its 2010 tax return -- GE now says that it will pay tax."
http://www.propublica.org/article/setting-the-record-straight-on-ges-taxes

[Ichingcarpenter]

11. Thanks Mr. Corporation Lawyer for your truthiness.

GE and taxes


http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=


How You Can Pull a GE on Taxes

http://online.wsj.com/article/SB10001424052748704530204576235090332473366.html

[underpants]

12. Brought a few hundred million good things to life; claimed them as dependents

too funny