Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

GE has and will pay large amounts of corporate income tax. GE paid no corporate income tax in 2010 due to a variety of special situations (including the 2008 meltdown of their finance business), and it was widely reported in the news. Since more normal tax years don't make the news, this has led many people like yourself to erroneously think some corporations don't pay income taxes.


Here are some graphs of US Corporate taxes as percentages of profit, GDP, and pretax profit for the last 60 years.

http://blogs.reuters.com/felix-salmon/2011/11/17/charts-of-t...

I'm sure GE has paid some taxes some years, and the graphs must also include firms that lost money, but still, the percentages are very, very small.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: