Mike Luckovich by Mike Luckovich

Mike LuckovichNo Zoom

Comments (8) (Please sign in to comment)

  1. s9999a

    s9999a said, over 5 years ago

    What poor reporting we have on this!!

    Exactly WHAT loopholes did GE exploit? Maybe they donated all their profits to the Japanese tsunami victims??

    Who knows?

  2. dtroutma

    dtroutma GoComics PRO Member said, over 5 years ago

    How about Lockheed, BP, Exxon Mobil, or thousands of “smaller” corporations who also paid zero taxes from ‘98 through 2005 (available figures) or since? It is NOT just GE. As to “advisors”, I think of the TV show based on an old maxim, “White Collar”– if you want to catch a thief, hire one to catch him.

  3. motivemagus

    motivemagus said, over 5 years ago

    s999a: It’s readily available. Try Google. No, they didn’t donate all their profits to Japanese tsunami victims; company-wide they made billions. And both Fortune magazine and Forbes (as I recall) have documented how big companies (not small ones) dodge American taxes in the past. Go read.

  4. Carolo1

    Carolo1 said, over 5 years ago

    Being unemployd does not mean you do not pay taxes. I am paying more taxes than GE or ,I am sure most of the top 1% of the Bush tax give away.

  5. Radish

    Radish GoComics PRO Member said, over 5 years ago

    GE has a tax division staffed with exmembers of the Fed and IRS. They claim loses on the money they loaned for houses, something they should not have been into in the first place. They are big enough to take the hit but unAmerican enough to not pay any taxes.

  6. W(ar).Crime

    W(ar).Crime said, over 5 years ago

    ^^From Doughfoot September 15, 2010:

    Ah, the Fair Tax.

    Spend your money on clothes, or a new car, and you are taxed.

    Spend your money on second-hand goods, and you are not taxed: second-hand goods like Rembrandts, real estate (all real estate is second-hand), antique furniture, classic automobiles, or rare coins, and voila, no tax.

    No tax if you spend your money on long trips to Bermuda or the Bahamas, the Riviera, or anywhere outside the United States. The ‘fair tax’ would be perfect for people who make their money in the US and live mostly elsewhere. All the benefits of US citizenship, and none of the pesky burdens.

    I understand the ‘fair tax’ is only to be applied at the retail level. Perhaps you can also avoid it if you can buy wholesale.

    Oh, if you have lots of the money the ‘fair tax’ is certainly ‘fair’ – ‘fair’ as in ‘beautiful’.

  7. W(ar).Crime

    W(ar).Crime said, over 5 years ago

    ^When? Every time i post this I hear no response.

  8. W(ar).Crime

    W(ar).Crime said, over 5 years ago

    ^^And still don’t.

  9. Refresh Comments.