Amazing what friends in high places can do for a company's bottom line. Making all that money and yet paying no federal taxes in 2010. It's good to be friends of the king? I thought Obama wanted to tax the rich?
$14.2 billion in profits 2010, $9 billion was offshore,
received $3.2 billion tax benefit, $0 federal taxes in 2010
source: http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558
source1: http://money.cnn.com/2011/07/11/news/economy/immelt_chamber_jobs_summit/index.htm?iid=HP_Highlight
