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sinnerswing

Google, Microsoft, GE, etc.

"General Electric Paid No Federal Taxes in 2010"

http://abcnews.go.com/Politics/general-electric-paid-federal...

"GE's CEO, Jeff Immelt Heads Obama's Council On Jobs And Competitiveness"

http://www.huffingtonpost.com/2011/01/21/jeffrey-immelt-coun...

"Former Google Exec Turns Whistleblower On Company’s Tax Avoidance Machinations In The UK"

http://techcrunch.com/2013/05/19/former-google-exec-turns-wh...

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GE also lost a shit ton of money during the collapse. It's paying no taxes in 2010 isn't abuse of a loophole, it's the simple consequence of provisions designed to address problems inherent in quantizing a continuous system. Unless you allow the IRS to write checks to businesses that lose money, no mathematically sensible income tax system doesn't have loss carry forwards.

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