03 June 2011

Effective Tax Rate: -67%

From Zero Hedge, only a chart that shows the top ten (or bottom ten?) lowest tax rates for US companies.  Guess whom happens to be the leader in this category?  Yup...Mr. Imagination @ Work!  (AKA, Mr. Adviser, AKA Mr. Waiver). 

Herm...a negative tax rate of 67% for a company with profit (and who received bailout money)?  Perhaps GE can effectively change its slogan to "we bring crony capitalism to life." 

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