3/25/11 Another no ski day...what's happening!

G.E. Pays No Taxes General Electric was one of the companies that received a huge Fed bailout.  Now it turns out that the nation's largest corporation didn't pay a penny in U.S. taxes last year.  In fact, G.E. claimed a tax benefit of $3.2 billion. It posted worldwide profits in 2010 of $14.2 billion including $5.1 billion from its operations in the United States. G.E. is not alone. Discussing The New York Times article on his weekly nationwide radio show, Sanders told Thom Hartmann that Bank of America paid no taxes on $4 billion in income.  Exxon, for all its profits, got a rebate.  Etc., etc. To listen to the opening segment of Friday's interview with m Hartmann, click here. To read the article in The New York Times, click here.