11-08-2011, 09:29 AM
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Let's do some business!
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,359
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Quote:
Originally Posted by Sunny Day
Guess that's why GE paid no taxes last year. $5+ Billion in US Revenue and got a tax refund.
I spent one month beating Florida out of $3,000,000 in sales tax. For every tax law, there are a dozen loopholes. That means the company I worked for, put that much free cash in their bottom line.
Hell one day, using accounting, I made more than any of their 400+ national stores. This is a fortune 750 company. It's not magic.
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You are talking about two different kinds of taxes.
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