the hydra head

G.E. So Good At Evading Corporate Taxes That IRS Owes G.E. $3.2 Billion

Random rules.This is going to get repetitive, we’re afraid, but every aspect of the “financial crisis” in the United States is due to corporations not paying taxes and the very richest .01% individuals not paying taxes. That’s it, that’s the whole thing — your crumbling schools, your sinkhole highways, your abandoned state parks, the laid-off city maintenance worker who leaps to his death in Costa Mesa after half the town’s workforce is replaced by hourly contractors and the mayor hires a $12,000-a-month P.R. manager, everything. General Electric, America’s largest corporation and the second-biggest company on Earth, simply does not pay any taxes at all. You try that!

Until the exciting Comcast/NBC deal, G.E. informed the American people of the business and political news through CNBC’s portfolio of channels and the NBC/MSNBC news/commentary operations while keeping poor people sedated with American Movie Classics and Telemundo and “Must See Teevee” and the Sci-Fi channel and another couple of hundred media channels on every kind of screen, but the company did not announce its massive success in evading all taxes. Instead, the New York Times showed an incredibly rare bit of spine today by publishing a dull numbers story that is possibly the most enraging thing you’ll ever read:

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E.

With a massive internal tax-evasion department headed by a former Treasury official and staffed with former IRS agents, G.E. is simply the best at what has become common practice for the monstrous mega-corporations that control every aspect of policy and “politics.” A half century ago, corporations paid 30% of America’s total taxes. Now it’s down to 6.6%.

And still, they whine ceaselessly about how they can barely afford to do business in America, what with the crushing burden of 6.6% taxes. [New York Times]

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About the author

A writer and editor of this website from 2006 to early 2012, Ken Layne is occassionally seen on Twitter and writes small books and is already haunting you from beyond (your) grave.

View all articles by Ken Layne

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223 comments

      1. soildude

        Thank goodness Obama put the GE CEO in the WhiteHouse to help create "jobs"!! The guy is so good at helping GE evade taxes, Obama must be looking for some advice from his book sales!!!

    1. jus_wonderin

      Use their ticker symbol. You can put more of their ilk into the scarf. It will be festive.

    2. ejcsanfran

      Congratulations! You've just won the internet. And your reward is that you get to organize and lead the Comité de salut public.

  1. nounverb911

    Scott Walker must be so proud, now if he could just get the IRS to give the Koch boys a refund.

    1. philpjfry

      You are assuming they paid taxes in the first place……Or maybe they are so rich the government just gives them money to live here. Ahhh I made myself sad.

    1. Redhead

      I think the next stop on the Republitard campaign train is explaining why actual women should not be allowed to make choices about when to have children while explaining why corporations should be entitled to as many free abortions as they want, and we should all fight for this right of the corporations.

      1. riverside68

        Corporate citizens certainly got a God Given right to pollute.
        Pollution contributes to miscarriages, which are far more common than abortions.
        But women shouldn't otta have no right to abort!
        I think you're on to something Red.

  2. fartknocker

    Ronny fucking Raygun smiles upon G.E. I'm sure his tin foil hat wearing son will be making a statement soon about trickle down economics.

  3. powersuit

    I started reading it earlier but had to stop. Apparently, in Republicania, this kind of crap is hunky-dory. Tax dodge? Why, that's the most 'Mercan thing you can do! It would be UNpatriotic to actuallty pay taxes because that just emboldens the Marxists!

  4. Lionel[redacted]Esq

    But if we raise taxes on the rich and big corporations, our entire economy would fail….

    Wait, what?

    1. Cicada

      Every rich fucker who ever profited off of the sweat and suffering of the poor and working class?

      Oops, too bitter.

      1. memzilla

        "When a man tells you that he got rich through hard work, ask him: 'Whose?'" –Don Marquis, 1878-1937

      1. Lionel[redacted]Esq

        Ooooh, Good try, but, sadly, no. As Jesus once said, "Render unto Caesar that which is Caesar's."

        So, clearly, Jesus was either a RINO or a Socialist.

        1. RedneckMuslin

          He said that but have you seen any of his tax returns? Didn't think so.

          So his hypocrisy makes him a teabag leader.

  5. memzilla

    I want this article cited every time some venal AEI/Cato Institute/Grover Norquist apologist says "America has the highest corporate tax rate in the world."

    Let them say it, but I want their driving metered, and have them be automatically billed $100/mile for using the public highways that their taxes did not pay for but mine did.

  6. Gorillionaire

    Maybe they claimed deductions for boose and imported steaks. That add's up too ALOT, you no.

  7. Troubledog

    Those tax-magician guys at GE? Only there cause they couldn't make the cut at Goldman Sachs.

    1. riverside68

      All time favorite porn line.

      (Not that there is much competition, web porn appears to have abolished scripts.)

  8. Buzz Feedback

    Take the $3.2 billion and figure out a way to put metal containers in the Daiichi-wave.

  9. taylormattd

    Vomit. But you know, it's the fucking unions that are bankrupting this county. Jesus christ.

  10. SorosBot

    But the wingnuts will still complain that "we have the highest corporate tax rates in the world!". That's because the right-wing media bloviators they get all their information from like to disingenuously focus on income tax rates alone, and not actual taxes paid, which also gives them the bullshit statistic of "40% of Americans pay no taxes!"; no that's income taxes, there are still payroll taxes, state and local taxes, sales taxes, etc.

  11. MittsHairHelmet

    Look, this is how it is. Power has already been consolidated. There will be no movement or charismatic politician who can disrupt the system the top 0.1% have set up for themselves. They control too much already.

    This is not a giant international conspiracy. This is what happens when an economy becomes as big as ours. The richest people use the system to protect themselves, and why wouldn't they? The natural human instinct is to protect yourself and your closest relatives.

    My advice to normal everyday humans is to try to make as much money as you can as soon as you can. Because when the safety net gets cut down for good, we're all gonna be on our own. For most of the history of humanity, if you weren't in the top 5% of wealth/income, you were screwed. That dynamic is coming back.

    And if you can't make enough money in the near to get into the top 3-5% range, good luck. I don't think we're gonna have civil war or anything, but it's gonna get ugly.

    1. GeneralLerong

      Actually, I think tumbrels and guillotines and the rack and economic bubbles put a dent in the fun for a fair number of historical richies.

      My advice to normal humans is try to figure out how to legalize shoulder-launched missiles. You know, for hunting.

    2. Ken Layne

      You might be right. God, I hope not, but you might be.

      But it's not the *only* possible outcome, by far. The parallels to the early 1930s are staggering. And, in that case, the Powers made the calculated decision to create a safety net and stave off revolution. By the 1950s, personal and corporate taxes were sky high, and America was (actually) the most prosperous nation in the world, with a huge & thriving middle class, the best infrastructure (interstates, airports, dams, gleaming skyscrapers, etc.) and the world's best primary and secondary education system — the vast majority of it owned by the public and free or affordable to most people.

      But just as our beloved Constitution said that all people were equal as long as they weren't women or servants or slaves or the native peoples of the continent, the FDR safety net left a lot of people out, and those people wanted their share by the late '50s/early '60s. And the answer to that, the alleged Great Society, maybe brought flush toilets to Appalachia but it also turned the inner cities into infernos and launched the Reagan/Libertarian reactionaries who have been working to dismantle not only the minor gains of civil and women's rights, but *all* advances that were offered after the Depression hit.

      MLK wasn't shot down for organizing the negroes — that steam was allowed to vent. MLK was shot for organizing city workers.

      1. MittsHairHelmet

        I'm with you on all that, I see the parallels to the early 30's. The difference to me is that there have been a couple of major changes to our culture that change the incentives for the top 1%.

        The way I see it, there's no reason to fear a popular uprising in 2011. Our culture is just so different now. To me, the biggest difference is the result of those inner-city riots in the 60's: the suburbs.

        Sure, in the 1930's there were suburbs. But they weren't the dominant part of society. Now they are everything. Once you get out of the northeast, we're a nation of sprawl and sprawl kills communities. People feel no connection to their fellow Americans.

        Our whole culture is geared towards keeping bored, unfulfilled, lonely suburbanites fat and distracted. The best example is reality TV, selling the dream that anyone can make it onto the TV, which is a direct reaction to suburban alienation.

        On top of that the underclass can’t rise up because it’s split into two camps that hate each other: Minorities and poor whites. This is thanks to a 40 year campaign to turn Americans against each other, orchestrated by the right-wing and their corporate backers

        So as the wealthy, well-connected and powerful take more and more for themselves, the fat, lazy Americans in the suburbs will continue to be distracted by pop-culture. Meanwhile, the two factions of the poorest of the poor will direct their anger at each other and the rich get richer.

          1. WriteyWriterton

            That's some major mellow-harshing from Ken and Mitts HairHelmet. Spot on, but…whew. Me no likey.

        1. catchtheflava

          One could potentially trace the poor black/white split all the way back to the days preceding the republic, a la Edmund Morgan's "American Slavery, American Freedom." You can argue that the Marxist interpretation is a bit dated but I think it still packs a whallop and, more importantly, opens up the forum to debate that idea.

          Another thing that drove the redistribution of wealth in the US was the perception of the existential threat of Communism – the wealthy figured if they could buy off the majority, they wouldn't have asthmatic guerrilla leaders in saucy berets leading revolutionary cadres through the Appalachians.

          Now, nobody even pays lip service to the poor anymore. I think things are different now in that the hubris of wealth may be blinding that top .01% to the potentially violent reality that they are engendering by neutering the political process and destroying social services.

          1. Ken Layne

            Good point, but it's not just "potentially." Racism is natural to those who see all humans as commodities to exploit — it's just a way to group them, like network executives group upscale audiences and working class and The Oldz, etc. But racism had to be taught to the white servant/tenant class in the colonies. There's ample evidence of slaves and poor whites coming together for not only for drinking and fiddlin' and sweet sweet humpin', but for riots and escapes and revolts.

            Bacon's Rebellion (indentured whites and blacks joined to massacre Virginia Indian tribes, and then destroy Jamestown by arson) a century before the American revolution was probably the impetus for the miscegenation laws that started popping up in the colonies in the late 1600s — first in VA and Maryland. But, everywhere over that next hundred years, whenever blacks and whites joined up to kill the rich, there was more institutional racism legislated in the colonies.

            I do not have it in front of me, but the first 1/4 of Zinn's "People's History" goes into a lot of specific detail. These laws also codified hatred of the Indians, who despite being the first target of Bacon's Rebellion, were just as likely to take in escaping European indentureds and escaping slaves, where members of both poor groups often married into tribes and lived happy lives.

            Oh and the fucking Constitution has a specific clause for states returning escaped white servants to their master's state, for rapin' & beatin'. (Article IV, Section II, which the 13th amendment voided.)

            UPDATE: I would say, "Go buy 'A People's History of the United States' if for some reason you haven't read it nine times already," but Howard Zinn is dead now and Rupert Murdoch sure doesn't need the $15 (even for an ebook!) that HarperC is charging. You can read it free here, with Howard's permission, and should bookmark it and consult it regularly.)

          2. catchtheflava

            Zinn's a great reference; he does a superb job of bringing a bunch of scholarly tomes together and turning it all into a readable narrative. Nice counterweight to "The American Pageant" (although that still has a place in my heart). There's also a graphic novel version out that is great for low-level readers and immigrant kids (or adults!)

          3. Mumbletypeg

            Or if you're like me and still have to probe your reading with a pencil and flag favorite passages and flip-ye-pages to & fro cross-referencing, Powell's online has used copies for sale at the moment. If you don't already have a local indie used bookstore conveniently nearby.

          4. emmelemm

            Oh my God, I love my Wonkette.

            I majored in American History in college (about a thousand years ago), and the book that really set me on that course was Morgan's "American Slavery, American Freedom". I've only read parts of Zinn, but clearly I need to go read the whole thing.

            This little comment tree has been a trip down memory lane. Thankee, all.

          5. emmelemm

            Well, you're already familiar with Morgan's thesis, exactly what you said above: rich Southern landowners spread and promoted racism to keep the poor whites in line and not rebelling: "You may have only a crust of bread to eat and a filthy mat to sleep on, but at least you're not a n*****!!!"

            Kind of like today: dogwhistle {Muslin} dogwhistle {abortion} dogwhistle {gheys} and so on and so while they're picking your motherfucking pocket and grinding your face into the dirt with their boots. (Jackboots!)

            For the record, the other book (there were two!) that made me an American History major was "Salem Possessed", by Boyer and Nissenbaum. Primary sources, economic explanations for social phenomena, oh my!

    3. WhatTheHeck

      Ok. I’ll go one further.
      Step 1). Have the Supreme Court allow corporations to donate as much as they want.
      Step 2). Gut Unions collective bargaining rights, thus weakening the unions and cutting off a major Democratic Party source of support.
      Step 3). Watch as an emasculated Democratic Party fades into oblivion.

    4. GOPCrusher

      Worst part of it, many of the people that will be in the same boat as the rest of us, are parroting the talking point that Bernie Madoff is an Obama political prisoner.

  12. Schmannnity

    Perhaps the next time Barry is hobnobbing with Jeffrey Immelt, his new White House business consultant, he could ask, pretty please, could you maybe pay some tax.

  13. baconzgood

    How can they pay taxes when they're giving away all those bonuses to the Board of Directors huh? You can't answer that can you?

    1. DaRooster

      I think I feel it… nah, that's radioactivity.

      So it is somewhat a trickle down from the rich. Thanks!

  14. SmutBoffin

    Boohoo, I'm a great big corporation with zillions of dollars and spaceships full of gold-pressed latinum and the gov't lets me get away with anything I want including treating my workforce like shit and not paying taxes but no one likes me so I have to give money to Republicans and Teabaggers otherwise SOSHULISTS will impose their MUSLIN TRANNY.

    Boohoo.

      1. Gopherit

        I have nothing but glowing complements for GE corporate. Their stock is so hot these days, it's on fire. Let's shower these heroes with tax breaks. Hookers and coke, too.

  15. ProgressiveInga

    GE Drunk Dials America:
    "Good morning America, it’s GE. I just wanted to reach across the airwaves and the years and ask you to consider something. I would love you to consider an apology sometime and some full explanation of why you would even consider having us pay one thin dime in taxes or to begin to contribute our fair share toward the betterment of this country. So give it some thought. And certainly pray about this and hope that one day you will help us understand why you did what you did. O.K., have a good day."

  16. jonzin

    So because they are not paying taxes, they can hire more people who will pay taxes and thus keep our economy going. This is why we haven't had an economic crisis! Come on people, that's basic "trickle-down-the-leg" economics! Raygun Raygun Raygun!

    1. SorosBot

      NBC has been doing there part by filling the airwaves with shitty reality shows; it's not talked about much but a big reason networks love reality shows is that they don't have to deal with the SAG or WGA unions on them, and therefor can get away with paying the stars and creative staff a lot less than on scripted shows.

      1. GOPCrusher

        You know, somewhere, there is a wingnut that is working up a talking point that GE is being rewarded by the Obama IRS for NBC and MSNBC's undying support of his Socialist Kenyan Agenda.

    2. Gopherit

      I live in Arizona, a Right to Work state. After they ran the last of the union influence with the copper mine strikes in the 70s, it's been a corporate paradise here. Strike, and you'll be fired and find a scab in your job in seconds. Once thing you have to appreciate about this system…..when you're only given one option, it limits how much thought you have to put into anything, leaving way more time for tv, beer, and guns.

  17. DownFist Troll

    They're just doing their patriotic duty and resisting soshalizm. God bless 'merika.

  18. Jim89048

    If they just paid to Uncle Sam what they spend to avoid paying Uncle Sam anything at all, we could maybe have nice things again.

    1. Ken Layne

      It's easier than you think!

      But boycotting television is a very good way to start that immediately saves you $60 a month and adds decades of health and happiness to your life.

      1. SayItWithWookies

        I don't have cable and I still watch too much tv, though I've cut that down some too. Except for not seeing any pro baseball (well, one game on Saturday is it) I don't miss it.

        1. SorosBot

          Same here – I've found that, with Hulu and network sites making everything I miss by not having cable available online, and neither being a sports fan or having kids, there's absolutely no reason to spend that nearly $100/month on Comcast.

  19. edgydrifter

    Reading stuff like this, one might get the impression that our corporate masters kind of hate America.

    1. jmarsh04

      Would you hate any country that paid you 3 billion on top of the 15 billion you've already made? Me neither.

      In fact, those pesky, uppity employees who I have to pay salaries and benefits to? Those fuckers are the real enemies. If I didn't have to pay them so much, I could profit even more!!

  20. GuanoFaucet

    I really am not looking forward to life as a serf after the country devolves into some feudalistic hellhole.

    1. soildude

      Is that why Bush lowered the lowest rate from 15% to 10%
      Is that why Bush lowered the second lowest rate from 28% to 15%?
      Is that why he lowered the 3rd lowest rate from 30 to 25%?
      Is that why he lowered the highest rate from 39 to 35%? Oh wait, he lowered the highest rate the least of all? Strange!!
      Is that why Bush raised the child tax credit from $500 to $1000, which the "rich" are exempt from?
      Is that why Bush raised the earned income tax credit which actually gave the "poor" the ability to pay zero taxes and actually get money from the government?

      The richest 1% went from paying 25% of all of the income taxes in 1990 to 39% in 2005. The richest 5% went from paying 44% of all income taxes in 1990 to paying 60% of all income taxes in 2005.

      So, under that Bush taxes, the rich actually paid a higher percentage of ALL taxes? So the liberal talking point that Bush only helped the rich is a LIE!?!? So the liberal talking point that Bush shifted the tax burden to the low and middle class is also a LIE? YUP!!!!!!!!

      Looks like you two doofuses have been deceived!!

  21. user-of-owls

    This corporate chiggers have a movie template that guides their vision of the future "middle class."

    It's called Once Were Warriors.

  22. harry_palmer

    The original robber barons made the mistake of not buying up all the government and media, so the populist anger got directed at them. The new corporate elites have fixed that problem.

    1. Dr_pangloss

      A few tried with mixed results. Some saw the error of thier ways and tried to buy a ticket to heaven with a few new projects for the Plebs, Thanks to Mellon and Rockefeller for a few public libraries. That's pretty much it. At least those giant monoliths had faces, we probably couldn't identifiy the CEO of GE with an FBI file on him.

    1. SmutBoffin

      How does this even work? The gov't gives GE billions to make child-crushing weapons systems, then they don't even tax that income but instead give GE more money?

    2. Gopherit

      A more appropriate question might be who do i have to get hookers and blow for to get into that bracket. The answer being everyone in congress.

      1. Gold_ManSacks

        Ummm, everyone in Congress already has hookers and blow and of a much higher quality than you could provide them with.

  23. Come here a minute

    Oh, but they want to simplify the tax code to get rid of loopholes! HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA!

  24. greypanter

    3.2B$ is less than $11.00 per US citizen. If we all chip in $11 per person in our households on April 15th, we can make it right with GE and all sleep at night again.

  25. DailyGrumbles

    "Taxes are for the *little people*". So cough up some coin little people and fix the damn potholes!

  26. SmutBoffin

    I'd rather be an Omega-minus than an Alpha-tiger-blood-plus!

    Now pass the soma and turn on Dancing with the Stars, wouldja?

  27. comrad_darkness

    You know who else didn't pay any taxes on absurd corporate earnings?

    Enron.

    Maybe time to short these mofos.

    1. Dr_pangloss

      Comcast still isn't paying any local taxes on the glass monolith they built for themselves in downtown Philly. You can almost hear the eerie wailing from West Philly.

      1. PresBeeblebrox

        Correction. Cabletown/Comcast still isn't paying any taxes on the glass monolith that they got state subsidies to build in Center City Philadelphia.

        Once again, Stewart's Law holds true. Conservatives hate big government unless it's shit they want.

    1. Jim89048

      I'm not homeless, I've got my Tardis going for me. And I got $57 back from the feds, which was nice. I can buy 1/4 tank of fuel for my death truck now.

  28. DustBowlBlues

    My husband calls all these dicks CCSs. That's short for corporate cocksuckers. I guess he's had it right for at least 30 years now.

  29. Gopherit

    Too be fair, the poor are used to having nothing, so it's way easier for them.

    Also: "We'll give you your crumbling schools, your sinkhole highways, your abandoned state parks…" sounds like a good corporate rebuttal to the words in Lady Liberty's book.

  30. owhatever

    General Electric cannot bear the burden of building a brighter future for America if it has to pay taxes! It says so in plain Mooslinish on Line 24 (b) in Section Three on Page 274, Paragraph 2-a of the tax code..

  31. Gopherit

    the corporate version, anyway.

    Best part, I bet they get huge deductions for political donations/lobbying efforts.

  32. DustBowlBlues

    natl decency commdr is already worried about me going postal over the Republitards. Good thing he doesn't know where I live, because after finding out I read this, he'd probably start hitch hiking to the Dust Bowl, just to talk me down.

  33. Steverino247

    How much you want to bet that each GE office orders their supplies online to avoid paying sales taxes in the state the building is in?

  34. Gold_ManSacks

    Obviously, fools, if corporations had to pay taxes they wouldn't have any money to hire people and our economy would crumble. It is those unpaid taxes that allow America's CEOs to pay people to mow and manicure their multi-acre lawns, raise their children, clean their vacation homes on exotic beaches and alpine mountain tops. How would you bastards feel if Jeffrey R. Immelt had to wash his own balls?

  35. ironhead77

    Seriously, though, this one damn near makes me physically ill. Being a cynic, I usually don't get all idealistic. But it's bullshit like this that makes me wonder if it's ever going to be possible for the last to be first and the first to be last.

    1. GOPCrusher

      I'm of the mindset that the next person that says "Taxes punish the job creators" deserves to be set on fire.

  36. Gopherit

    The theory around Arizona is if we give giant tax breaks to businesses that market forces will magically bring moniez back into the state treasury, and we'll never have to pay taxes again. With this logic, it is obvious that since we're dropping money on corporations like we did when we flew pallets of cash to Iraq, we should all buy our top hats and monocles for the high times ahead.

    1. elviouslyqueer

      The theory around Arizona Tennessee is if we give giant tax breaks to businesses Bass Pro Shops that market forces moronic tourists from Mississippi and Arkansas will magically bring moniez back into the state treasury, and we'll never have to pay taxes again. With this logic, it is obvious that since we're dropping money on corporations earthquake-retrofitting 10-year-old triangle-shaped former sports arenas and turning them into glorified bait shops like we did when we flew pallets of cash to Iraq, we should all buy our top hats and monocles for the high times ahead.

      /Fixed, for regional effect

  37. Doktor Avalanche

    I'm almost starting to think this whole capitalism thing is a rigged sham. But then I think about the babies being murdered by abortion and the daily muslin attacks on our way of life and gays marrying and the persecution of christians by libruls and know that I have to keep voting republican.

    /hurl

    1. Gopherit

      HAHAHA! Capitalism? Capitalism implies competition between corporations. What we have is more akin to a circle of cats with a bug in the middle. Guess who's the bug.

  38. sati_demise

    you could take your dirty profits and buy a solar panel. or you could sell before the market crashes again (May?) and then buy it back at a lower price

  39. DaRooster

    Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

    FUCK YOU, YOU FUCKING FUCKS!

  40. GortRay

    It's really all done isn't it? The good old USAAMerica is no longer any kind of democratic republic. The nice words of the Constitution and D of I are just useless treacle at this point. We are now the proud residents of a fascistic plutocracy. Money talks and the rest walks. And it doesn't matter at all if the White House is occupied by a Negro Muslin or an incoherent fratboy cokehead. "Game over, man, game over."

  41. Walkinwiddaking

    "This is going to get repetitive, we’re afraid, but every aspect of the “financial crisis” in the United States is due to corporations not paying taxes and the very richest .01% individuals not paying taxes. "
    No, no,no, no. Don'tcha see? It's those greedy fucking commie unions that represent a small percentage of the American workforce. They're the reason our healthcare bills are so high and our infrastructure is sinking to third world status.

  42. MKBattles

    Wow.

    This actually made me tear up.

    I'm a small business owner in Maryland and nearly 30% of my income goes out the door to taxes. THIRTY PERCENT. And then these guys who make billions don't have to pay. I work 60+ hours a week, breaking my back for my small business (I run a photography studio) and get no tax breaks, in fact, I pay a self-employment tax.

    No words. This upsets me so much.

  43. Warpde

    Okay M'erican Gooberment.. Few tip's.
    When GE phones about their refund remember.
    a) check the call display
    b) don't let your kid's answer
    c) tell them the check is in the mail
    d) pretend your China and they owe you

  44. Car_Ben

    This is a silly article — GE should pay as much tax as it can? Layne should pay more tax? Does he take exemptions? Does he try to max his tax payment? GE just followed the laws the Govt set — it should ignore them and just pay tax anyway?

    Most of their income is foreign so it isn't taxable here — they pay tax on it in foreign countries. They should pay here too?

    This is a silly article — Layne should stick to music.

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