Loopholes
Yeah, and I'll bet that not a single one of those companies that made money on these sales have or will pay a single penny in taxes on the profits they made due to tax loopholes...like GE and Exxon, and other huge american companies! *THAT'S* what's wrong with the USA. Big business making huge profits and not paying any federal income tax...if Companies are people (as in donating to political parties) then they should be *TAXED* like people!
GE made over 14 billion (billion...with a "B") dollars in profit for 2010. Yet paid nothing in federal taxes. Their 2010 tax return was over 57,000 pages long. If it were to be printed out on paper, it would have made a stack over 19 feet high...yet they paid nothing in taxes...While their subsidiaries in China *DID* pay chinese taxes...what's wrong with this picture?
