Tax and Spend

lemkin Uncategorized April 7, 2010 1 Minute

GE 2009 pre-tax earnings: $10.3 billion. Tax paid: $0. Tax refund $1.1 billion.

ExxonMobil 2009 pre-tax earnings: $19.3 billion. Tax paid to the US: $0. Subsidies received: 122

Just two examples. Let’s count how many times we hear about this sort of thing in the 2010 election cycle. I’m boldly setting the over/under at 0.

Published by lemkin

Published April 7, 2010