General Electric, with more than $14 billion in profits last year, pays nothing in taxes. G.E. spends millions on lobbying to rig the tax system, and now the U.S. owes $3.2 billion in tax benefits to G.E. Consequently, every single taxpayer owes G.E. about $14. G.E.'s not alone—Bank of America, FedE...(more)x, BP, Google, Wells Fargo, and dozens of other major American corporations make billions of dollars in profits but pay less in taxes than you or I do.
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