Quote:
Originally Posted by Villages Kahuna
OK, Richie, apply a little "solid thinking" to the situation with General Electric. GE didn't pay any taxes on their income in the U.S. at all last year. In fact, GE got a tax refund of $3.2 billion on taxes paid on prior years' income. This company should love doing business in the U.S.
So how many jobs has GE created in the U.S.? Sadly, even though GE can't get a better tax deal than paying nothing, they also haven't created any jobs in the U.S. since 2004. In 2004 GE employed 165,000 people in its U.S. operations. That employment declined steadily each year until the end of 2011, when GE's U.S. employment totaled only about 131,000 people.
So with maybe the most favorable tax deal of any large company--no taxes at all--GE cut it's U.S. employees by 34,000 jobs, a 21% cut in American employment. So in spite of enjoying a tremendously favorable tax deal, GE didn't create any jobs at all. In fact it cut jobs!
I don't know how you can cut GE's taxes to less than nothing, Richie. So again, like the MSNBC ad says, "Don't tax the job creators?...where are the jobs?"
Go ahead, apply a little solid thinking to this one Richie and tell us your findings and conclusions.
Then maybe you can take a crack at my original two questions. Your answers won't take a lot of words, but they will require a little "solid thinking".
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Common sense tells me you're missing something important, whatever it is. If the business climate was the most favorable in the U.S. the jobs would be here. There's can be no other explanation.
If you want to take it personally that I think there's something not quite right with something you've written, that's you problem.
You can get into all the minutia if you want, I've got my own style and it's served me well.