I note in advance hat he Fair Tax, if implemented as proposed, would put all this by the wayside.
Very much to-do is being made over the fact that General Electric managed to get rid of most of its federal tax burden. It is somehow upsetting that they did not Pay Their Fair Share. Well here's a clue: what GE does is probably 100% legal. They comply with the law and get out of paying a few billion dollars in taxes? Bravo Zulu to the 900+ accountants on staff at GE, from the bottom of my heart.
Never forget that the Democrats have had the pen which wrote the tax code for 6/8 years under Bush and 2/2 years under Obama. The tax avoidance at GE is in accordance with Democrat-written tax law. . . but that is beside the point.
. . . because corporations don't pay taxes. Their taxes are built right in to the prices they charge for goods and services, and paid by the end consumer. GE has you pay their corporate income taxes. It's a shell game, and you are the sucker! You don't like it? Then support Herman Cain for President in 2012!
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