Ostrich, the other “Green” meat. That’s the award won in 2007 by Annalyn Censky attending the Walter Cronkite School of Journalisn in Arizona – the author of the CNN/Money article today explaining to us ignorant masses why General Electric paid $0 Corporate income tax in the United States for 2009 on their $409 million domestic losses. Here is a profile from 2008.
Overlooking that GE Capital almost died last year, and that GE pays employment taxes on 134,000 employees located in the United States… Corporations that are losing money don’t pay income taxes. This is not a hard concept to follow.
GE is probably one of the largest and most complex global corporations in the world. The idea that a 20 something journalism major can get her head around the complexity of an income tax return that goes on for 1000s of pages shows just how bankrupt TV journalism is. This story had only one purpose.
