willbeurdaddy -> RE: Patriotic Millionaires Describe What Theyve Done With Their Bush Tax Cuts: I Built A Dance Floor (6/7/2011 2:50:49 PM)
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ORIGINAL: Hillwilliam Wilbur. I also compared corporate (My company) to corporate (GE) Which may or may not be a valid comparison. GE's tax situation is most likely far more complex than yours, with carry over losses and/or (Democrat passed) accelerated depreciation resulting in their deductions/credits. So their "0 taxes" was a result of "overpayments" in prior years, or just represents deferrals to future years. Im no Immelt or GE fan, but all the garbage spewed about companies that pay no taxes is far beyond the bloggers' understanding, its just a sound bite for them. If a company is getting subsidies that others don't get, thats when there are actual inequities. And the companies that get subsidies change based on the flavor of the day in DC, and ALL of them should be eliminated.
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