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Watchwoman on the Wall
General Electric Paid No Federal Taxes in 2010 on $14 Billion Income
By
Donna Calvin
By JAKE TAPPER (@jaketapper) THE WHITE HOUSE, March 25, 2011 The top tax bracket for U.S. corporations stands at 35 percent, one of the highest rates in the world. So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit? And…
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