General Electric

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Frequently Asked Questions...

How does it make sense for Michael Savage to hate GE?

As in General Electric.
For one GE is a productive company that pay taxes and secondly their CEO/Chairman is a registered republican who supported first Clinton and then MCcain in 2008.

It just doesn't make sense to me. I know the GE CEO has been an adviser to Obama but still?
But even if the company doesn't pay taxes they still produce american goods and all their employees pay taxes. You know what I'm saying?


Best Answer...

Answer:

REALLY? Until this year when they paid ZERO, their taxes paid ON PROFITS made here in the U.S. has been 3.6 cents on the dollar for the past three years. Coincidentally, the Democrats have been in charge for four years!

And Wal-Mart, the people that the kook-aid drinkers absolutley hate, pay some of the highest taxes.

Company Effective Tax Rate
Winners
General Electric 3.6%
Merck 12.5%
Pfizer 17.1%
Medtronic 19.7%
Cisco Systems 19.8%
Hewlett-Packard 20.0%
Johnson & Johnson 22.0%

Losers
CVS Caremark 38.8%
Target 37.2%
Disney 36.5%
Home Depot 35.4%
United Health Group 35.4%
Aetna 34.6%
Wal-Mart 33.6%

Note
Tax rates are an average of three years, as presented in the most recent company annual reports.

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